RatingJun 30, 2026, 06:01 AM
Braskem's Credit Ratings Revised to C (Fitch) and D (S&P)
AI Summary
Braskem S.A. announced that Fitch Ratings and S&P Global Ratings have revised the company's corporate credit rating on a global scale to C and D, respectively. These revisions are linked to a Precautionary Injunctive Relief proceeding filed by Braskem and certain subsidiaries. The company reiterated that this proceeding has a limited, strictly financial scope and does not impact its obligations to suppliers, customers, and other stakeholders, which remain in full force.
Key Highlights
- Fitch Ratings revised Braskem's corporate credit rating to C on a global scale.
- S&P Global Ratings revised Braskem's corporate credit rating to D on a global scale.
- The revisions are in connection with a Precautionary Injunctive Relief proceeding filed by the company.
- Braskem clarified the injunctive relief is strictly financial and does not affect obligations to suppliers, customers, and other stakeholders.
- The company will continue to perform obligations to stakeholders in the ordinary course.
Price Impact
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