Dollar General announced a $750 million equity offering. Net proceeds to the company will be used to repurchase a mix of its subordinated and senior notes. We are placing our ratings on Dollar General, including the 'B+' corporate credit rating, on CreditWatch with positive implications. We intend to resolve the CreditWatch listing after the company completes the common stock offering, through a review of the capital structure, operating prospects, and financial policies. We anticipate that any upgrade will be limited to one notch. On Aug. 21, 2009, Standard&Poor's Ratings Services placed its ratings, including the 'B+' corporate credit rating, on Dollar General Corp. on CreditWatch with positive implications. The CreditWatch placement follows Dollar General's S-1 filing, under which
