New York, November 03, 2015 -- Moody's Investors Service said today that the sale of the cosmetics business to Coty Inc (Ba1 stable) is credit positive for Hypermarcas S.A. (Ba2 stable) because proceeds will be mainly used to reduce leverage and it also sets out a strong shift into the pharma operations, a segment with superior resilience to economic cycles and higher margins than the aggregate consumer portfolio.
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