SAO PAULO (S&P Global Ratings) Dec. 20, 2019--S&P Global Ratings said today that the ratings and outlook on Tupy S.A. (global scale: BB/Stable/--; national scale: brAAA/Stable/--) are not immediately affected by the company's announcement of the acquisition of Teksid S.P.A.'s iron castings business, a subsidiary of Fiat Chrysler Automobiles N.V. (BB+/Positive/B), for €210 million (about R$1 billion). We believe the transaction could improve Tupy's market position through the larger scale and geographic reach, but the impact on the ratings would be offset by higher leverage metrics. The combined company will have approximately 10% of the global cast iron components manufacturing sector. In addition, the acquisition will raise the company's revenue by about €516 million and its estimated EBITDA by €43
