Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Dollar General Corp.

Research Update: Dollar General Corp. Downgraded After LBO; Ratings On New Financing Assigned

Published Jun 12, 2007

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

On June 12, 2007, Standard&Poor's Rating Services lowered its ratings on Goodlettsville, Tenn.-based Dollar General Corp., including the corporate credit rating to 'B' from 'BB+'. The ratings were removed from CreditWatch. The outlook is negative. At the same time, Standard&Poor's assigned a 'B+' rating to the company's planned $2.43 billion term loan B due 2014. This rating and the '2' recovery rating indicate Standard&Poor's expectation for a substantial (70%-90%) recovery in the event of payment default. Standard&Poor's also assigned 'CCC+' ratings to the company's planned $1.35 billion senior unsecured notes due 2015 and its $550 million senior subordinated notes due 2017. The senior unsecured notes are divided in two tranches: a $625

Report Type:

Research Update

Ticker

Issuer

Dollar General Corp.

GICS

General Merchandise Stores (25503020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

Dollar General Corp. 'B' Corporate Credit Rating Affirmed; Term Loan B Ratings Assigned – 2007/07/03 – US$ 150.00

Research Update: Dollar General Corp. 'B' Corporate Credit Rating Affirmed;Revised Term Loan B Ratings Assigned – 2007/07/03 – US$ 225.00

Dollar General Corp. – 2007/11/19 – US$ 500.00

Summary: Dollar General Corp. – 2007/11/20 – US$ 225.00

Summary: Dollar General Corp. – 2008/03/10 – US$ 225.00

Dollar General Corp. Downgraded Following LBO; New Debt Ratings Assigned – 2007/06/12 – US$ 150.00

Dollar General Corp. Corporate Credit Rating Cut To 'BB+'; On Watch Neg On Announced KKR Deal – 2007/03/12 – US$ 150.00

Research Update: Dollar General Corp. CCR Lowered To 'BB+' On Possible Acquisition By KKR;On Watch Negative – 2007/03/12 – US$ 225.00

Dollar General Corp. Outlook Revised To Negative; 'BBB-' Affirmed – 2006/11/29 – US$ 150.00

Research Update: Dollar General Corp. Outlook Revised To Negative From Stable; 'BBB-' Ratings Affirmed – 2006/11/29 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Dollar General Corp. Downgraded After LBO; Ratings On New Financing Assigned" Jun 12, 2007. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Dollar-General-Corp-Downgraded-After-LBO-Ratings-On-New-Financing-Assigned-584295>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Dollar General Corp. Downgraded After LBO; Ratings On New Financing Assigned Jun 12, 2007. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Dollar-General-Corp-Downgraded-After-LBO-Ratings-On-New-Financing-Assigned-584295>

US$ 225.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.