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TEXT-S&P: Dollar General ratings unaffected by share repurchase
September 27, 2012 / 2:50 PM / 5 years ago

TEXT-S&P: Dollar General ratings unaffected by share repurchase

Sept 27 - Standard & Poor’s said today that its ratings on Dollar General Corp. (BBB-/Stable/--) are not affected by the company’s recently announced $250 million share repurchase from Buck Holdings L.P. Although the pace of share repurchase is higher than we previously anticipated (reaching about $600 million in fiscal 2012), this will not have a meaningful impact on the company’s credit protection measures and we expect Dollar General to maintain an “intermediate” financial risk profile.

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