Research Update: Dollar General Corp. Corporate Credit Rating Raised To 'B+' On Positive Operating Momentum - S&P Global Ratings’ Credit Research

Research Update: Dollar General Corp. Corporate Credit Rating Raised To 'B+' On Positive Operating Momentum

Research Update: Dollar General Corp. Corporate Credit Rating Raised To 'B+' On Positive Operating Momentum - S&P Global Ratings’ Credit Research
Research Update: Dollar General Corp. Corporate Credit Rating Raised To 'B+' On Positive Operating Momentum
Published Apr 01, 2009
Published Apr 01, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 1, 2009, Standard&Poor's Ratings Services raised its ratings on Goodlettsville, Tenn.-based Dollar General Corp., including its corporate credit rating to 'B+' from 'B'. The outlook is stable. The rating action follows Dollar General's better-than-expected operating results for the fiscal year ended Jan. 30, 2009, and our expectations that this positive operating momentum will continue for the remainder of 2009, resulting in improving cash flow and stronger credit protection measures. Due to its extreme value proposition, we believe Dollar General is benefiting from consumers trading down in a harsh economic environment. In addition, restructuring initiatives in recent years, including improved merchandising and better operating efficiency, have contributed to better sales and earnings. Still, we anticipate the U.S.

  
Report Type:

Research Update

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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Dollar General Corp. Corporate Credit Rating Raised To 'B+' On Positive Operating Momentum" Apr 01, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Dollar-General-Corp-Corporate-Credit-Rating-Raised-To-B-On-Positive-Operating-Momentum-713324>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Dollar General Corp. Corporate Credit Rating Raised To 'B+' On Positive Operating Momentum Apr 01, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Dollar-General-Corp-Corporate-Credit-Rating-Raised-To-B-On-Positive-Operating-Momentum-713324>
  
US$ 225.00
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