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Actionable news in DG: DOLLAR GENERAL Corp,

Dollar General (DG) Stock Climbs After Moody's Sets Positive Rating

NEW YORK (TheStreet) -- Shares of Dollar General (DG - Get Report) are up by 1.44% to $66.05 in afternoon trading on Thursday, after the retailer's rating outlook was set to "positive" by Moody's (MCO) today.

The firm also rated Dollar General's newly proposed offering of $500 million senior unsecured notes maturing 2025 at an investment grade of Baa3.

"The change in outlook to positive is a result on the company's gross margin expansion and continued same store sales growth resulting in increasing profitability and improvement in credit metrics", said Moody's Senior Analyst Mickey Chadha.

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"We expect the company's capital structure and credit metrics to remain consistent with its investment grade profile and we do not anticipate any change in existing financial policy which includes a 3.0 times lease adjusted debt to EBITDAR target", Chadha continued.

Separately, TheStreet Ratings team rates DOLLAR GENERAL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

We...


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