Dollar Gen. rating bumped to "stable"

November 2003
Home Textiles Today;11/10/2003, Vol. 25 Issue 11, p12
Trade Publication
Moody's Investors Service Inc., one of the Big Three corporate credit rating agencies, has confirmed Dollar General Corp.'s current ratings and raised its outlook to "stable" from "negative," after the company successfully refinanced its lines of bank credit and retired a $383 million lease facility using internal cash sources. Moody's said the current rating of senior implied rating of "Ba2" is "supported by the company's large established network of discount stores, and a favorable outlook for the value segment which has shown limited seasonality and cyclicality relative to other retail concepts.


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