(The following statement was released by the rating agency)
SAO PAULO, December 27 (Fitch) Hypermarcas' sale of its
Disposable Products
Business to Ontex Group NV (Ontex) is considered credit positive
by Fitch
Ratings, as it strengthens the company's already deleveraged
capital structure.
Depending on the use of proceeds, this transaction could
strengthen Hypermarcas'
ability to generate more robust cash flows from operations
(CFFO) and free cash
flows (FCF), which continue to be key credit
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