U.S. discount retailer Dollar General Corp. completed the refinancing of its secured term loans with unsecured debt and released the collateral under the secured bank loans. We are raising our rating on Dollar General's senior unsecured notes to 'BBB-' from 'BB+', and removed it from CreditWatch with positive implications. We affirmed the 'BBB-' corporate credit rating and withdrew our ratings on the existing term loan B and term loan C. 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 April 12, 2013, Standard&Poor's Ratings Services raised the issue-level rating on Dollar General
