Dollar General Ratings Removed From CreditWatch Negative After Tender Offer For Family Dollar Expires; Outlook Stable

Dollar General Corp.'s tender offer to acquire all outstanding shares of Family Dollar Stores Inc. expired at the end of January and Dollar General then withdrew the offer amid the Dollar Tree Inc. purchase of Family Dollar. We are removing all of our ratings on Dollar General from CreditWatch with negative implications, including the 'BBB-' corporate credit rating and 'BBB-' issue-level rating on the company's senior unsecured notes, revolver, and term loan. The stable outlook reflects our view that Dollar General will continue to pursue an organic growth strategy in the coming year rather than a large debt-funded acquisition in order to compete with its now larger Dollar Tree competitor. NEW YORK (Standard&Poor's) Feb. 3, 2015--Standard&Poor's

...+ Dollar General Corp.'s tender offer to acquire all outstanding shares of Family Dollar Stores Inc. expired at the end of January and Dollar General then withdrew the offer amid the Dollar Tree Inc. purchase of Family Dollar. + We are removing all of our ratings on Dollar General from CreditWatch with negative implications, including the '###-' corporate credit rating and '###-' issue-level rating on the company's senior unsecured notes, revolver, and term loan. + The stable outlook reflects our view that Dollar General will continue to pursue an organic growth strategy in the coming year rather than a large debt-funded acquisition in order to compete with its now larger Dollar Tree competitor. NEW YORK (Standard & Poor's) Feb. 3, 2015--Standard & Poor's Ratings Services today removed all its ratings on Dollar General Corp. from CreditWatch with negative implications, including the '###-' corporate credit rating and '###-' issue-level rating on the company's senior unsecured notes, revolver,...

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