Dow Jones & Company, Inc. -- December 15, 2008
The following is a press release from Standard & Poor's:
NEW YORK (Standard & Poor's) Dec. 15, 2008--Standard & Poor's Ratings Services said today it revised its outlook on Goodlettsville, Tenn.-based Dollar General Corp. to positive from stable. We affirmed all ratings on the company, including its 'B' corporate credit rating.
"The outlook revision follows Dollar General's better-than-expected operating results for the third quarter ended Oct. 31, 2008," said Standard & Poor's credit analyst Ana Lai, "and our expectations that this positive operating momentum will continue for the remainder of 2008 and into early 2009, resulting in improving cash flow and stronger credit protection measures."
Complete ratings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Credit Ratings Search.
Primary Credit Analyst: Ana Lai, CFA, New York (1) 212-438-7895;
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Copyright © 2008, Standard & Poor's Ratings Services
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