Fitch rates Tupy notes BB

Fitch Ratings said it gave a BB rating to Tupy Overseas SA’s planned $375 million of unsecured notes due in 2031.

The notes will be guaranteed by Tupy SA and will be used to exchange the notes due in 2024.

Fitch rates Tupy’s foreign- and local-currency issuer default ratings BB with a stable outlook and long-term national scale rating AA(bra) with a stable outlook.

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