Chesapeake, Va.-based Dollar Tree Inc. has demonstrated performance resilience this year, with proactive debt reduction and merchandising improvements bolstering credit metrics as of the latest third quarter ended Oct. 31, 2020. We are raising our ratings on Dollar Tree, including our issuer credit rating, to 'BBB' from 'BBB-'. The outlook is stable. Concurrently, we are raising our issue-level ratings on the company's senior unsecured debt to 'BBB' from 'BBB-'. The stable outlook reflects our expectation that Dollar Tree will continue to post stable operating margins and strong cash flow generation even in the face of a U.S. economic slowdown and the COVID-19 pandemic. Overall, we expect store renovations and a strong management team will result in further sales gains through
