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Moody's Upgrades Dollar General

Moody's Investors Service said it was upgrading Dollar General Corp.'s corporate family debt rating and probability of default rating to Ba2 from Ba3.

NEW YORK — Moody's Investors Service here said Wednesday it was upgrading Dollar General Corp.'s corporate family debt rating and probability of default rating to Ba2 from Ba3.

The upgrade follows the company's redemption in full of its remaining $839 million senior unsecured notes.

"Dollar General has strengthened its capital structure by repaying its senior unsecured notes," Moody's said. "The stronger capital structure will lead to improved credit metrics, more than offsetting recent margin pressure."