Dollar General Corp.'s $500 Million Senior Unsecured Notes Rated 'BBB' - S&P Global Ratings’ Credit Research

Dollar General Corp.'s $500 Million Senior Unsecured Notes Rated 'BBB'

Dollar General Corp.'s $500 Million Senior Unsecured Notes Rated 'BBB' - S&P Global Ratings’ Credit Research
Dollar General Corp.'s $500 Million Senior Unsecured Notes Rated 'BBB'
Published Mar 26, 2018
3 pages (1141 words) — Published Mar 26, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

BOSTON (S&P Global Ratings) March 26, 2018--S&P Global Ratings today assigned its 'BBB' issue-level rating to Dollar General Corp.'s proposed 10-year $500 million senior unsecured notes. The company expects to use net proceeds to refinance maturing debt and reduce borrowings under its commercial paper program. Our ratings on Dollar General, including the 'BBB' corporate credit rating and stable outlook, are not affected by this leverage neutral refinancing. Our ratings reflect the company's strong market position in the growing dollar store segment, good track record of operating performance gains, and consistent free cash flow generation. For the latest corporate credit rating rationale, see our summary analysis published July 5, 2017. RELATED CRITERIA Criteria - Corporates - General: Reflecting Subordination Risk In

  
Brief Excerpt:

...BOSTON (S&P Global Ratings) March 26, 2018--S&P Global Ratings today assigned its '###' issue-level rating to Dollar General Corp.'s proposed 10-year $500 million senior unsecured notes. The company expects to use net proceeds to refinance maturing debt and reduce borrowings under its commercial paper program. Our ratings on Dollar General, including the '###' corporate credit rating and stable outlook, are not affected by this leverage neutral refinancing. Our ratings reflect the company's strong market position in the growing dollar store segment, good track record of operating performance gains, and consistent free cash flow generation. For the latest corporate credit rating rationale, see our summary analysis published July 5, 2017. RELATED CRITERIA + Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, Sept. 21, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 + Criteria - Corporates - General: Methodology...

  
Report Type:

Ratings Action

Ticker
DG
Issuer
Dollar General Corp.
GICS
General Merchandise Stores (25503020)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Dollar General Corp.'s $500 Million Senior Unsecured Notes Rated 'BBB'" Mar 26, 2018. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-s-500-Million-Senior-Unsecured-Notes-Rated-BBB-2012261>
  
APA:
S&P Global Ratings’ Credit Research. (). Dollar General Corp.'s $500 Million Senior Unsecured Notes Rated 'BBB' Mar 26, 2018. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-s-500-Million-Senior-Unsecured-Notes-Rated-BBB-2012261>
  
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