Fitch may lift Amil

Fitch Ratings said it placed Amil Participacoes SA's following ratings on Rating Watch positive: Rs. 900 million debentures issuance due 2015 and Rs. 300 million debentures issuance due 2014 with AA(bra) rating.

The action follows the recent announcement that the company and UnitedHealth Group Inc. (A issuer default rating) concluded an association agreement, upon the acquisition by UnitedHealth of up to 90% of Amil's total capital for about $4.9 billion, according to the agency.

Amil's ratings reflect the company's efficient track record in managing its business, its success in integrating acquired companies and its conservative financial profile management, the agency said.

The ratings also consider the company's leadership in the Brazilian market, its solid reputation, a long history of low medical loss ratios and wide coverage of market segments enabled by its network of service providers and their product mix, the agency noted.

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