U.S. discount retailer Dollar General Corp. intends to refinance its existing secured term loans with new unsecured debt in an aggregate amount of $2.3 billion, which will consist of unsecured term loans and senior unsecured notes. The company is also entering into a new unsecured cash flow-based revolving credit facility. We are placing our 'BB+' ratings on Dollar General's existing senior unsecured debt on CreditWatch with positive implications. We have affirmed all other ratings on the company, including the 'BBB-' corporate credit rating. The stable outlook reflects our view that positive operating momentum will lead to healthy sales and cash flow growth in 2013, resulting in credit protection measures in line with an "intermediate" financial risk profile. On March 25,
