Dollar General Corp.'s Commercial Paper Program Rated 'A-2'; Ratings Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Dollar General Corp.'s Commercial Paper Program Rated 'A-2'; Ratings Affirmed; Outlook Remains Stable

Dollar General Corp.'s Commercial Paper Program Rated 'A-2'; Ratings Affirmed; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Dollar General Corp.'s Commercial Paper Program Rated 'A-2'; Ratings Affirmed; Outlook Remains Stable
Published Aug 04, 2016
Published Aug 04, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

U.S. discount chain Dollar General Corp. has issued a new $1 billion commercial paper program for general corporate purposes such as borrowings for seasonal working capital. We are assigning a short-term issuer credit rating of 'A-2' to Dollar General Corp. and short-term rating of 'A-2' to the company's new commercial paper program. We are affirming all of our existing ratings on the company, including our 'BBB' corporate credit rating. The stable outlook reflects our expectation that adjusted debt to EBITDA will remain in the 2.5x range in the coming year given continued operational and store expansion momentum. NEW YORK (S&P Global Ratings) Aug. 4, 2016--S&P Global Ratings affirmed its ratings, including its 'BBB' corporate credit rating, on Goodlettsville, Tenn.-based Dollar

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
General Merchandise Stores (25503020)
Sector
Global Issuers , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Dollar General Corp.'s Commercial Paper Program Rated 'A-2'; Ratings Affirmed; Outlook Remains Stable" Aug 04, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-s-Commercial-Paper-Program-Rated-A-2-Ratings-Affirmed-Outlook-Remains-Stable-1688142>
  
APA:
S&P Global Ratings’ Credit Research. (). Dollar General Corp.'s Commercial Paper Program Rated 'A-2'; Ratings Affirmed; Outlook Remains Stable Aug 04, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dollar-General-Corp-s-Commercial-Paper-Program-Rated-A-2-Ratings-Affirmed-Outlook-Remains-Stable-1688142>
  
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