Fitch might lift Hypermarcas

Fitch Ratings said it placed the ratings for Hypermarcas SA on Rating Watch Positive.

This action follows the company's announcement that it signed an agreement to sell its beauty products business to Coty Inc. for R$3.8 billion.

Fitch currently rates Hypermarcas' foreign and local currency issuer default rating BB+ and national scale rating AA(bra).

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