On July 3, 2007, Standard&Poor's Rating Services revised certain of its ratings on Dollar General Corp. following the company's capital structure revision in conjunction with the financing of its LBO by Kohlberg Kravis Roberts&Co. (KKR). Standard&Poor's took the following actions: Assigned a 'B+' rating to the revised $1.7 billion "first-out" term loan B. This rating, one notch above the corporate credit rating of 'B' on Dollar General, and the '2' recovery rating indicate our expectation for a substantial (70%-90%) recovery in the event of payment default. Assigned a 'CCC+' rating to the revised $600 million "first-loss" term loan B. This rating, two notches below the company's corporate credit rating, and the '6' recovery rating
