S&P rates Hypermarcas BB-

Standard & Poor's said it assigned a BB- global scale corporate credit and senior unsecured rating to Hypermarcas SA.

The agency also said it affirmed its brA+ Brazilian national scale rating.

The company plans to issue senior notes due 2021, using the proceeds to refinance existing debt maturities, S&P said.

The outlook is stable.

The ratings reflect the risks of the company's aggressive growth strategy, both organically and through acquisitions, the agency said.

These risks are partly mitigated by Hypermarcas' adequate liquidity, consisting of comfortable cash reserves and a leading position in many segments, S&P said.

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