Moody's Investors Service revised outlook on Braskem to stable and affirmed at "Ba1" (LT- foreign currency) credit rating

March 20, 2017 - CBonds

 

Moody's Investors Service affirmed the "Ba1" LT- foreign currency credit rating of Braskem on March 17, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: Braskem
Issuer profile:
Braskem is a Brazilian petrochemical company headquartered in São Paulo. The company is the largest petrochemical in the Americas by production capacity and the seventh largest in the world. By ... more
Outstanding issues:
7 issuesUSD4,950,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency03/17/2017
S&P Global RatingsBBB-/NegativeForeign Currency LT12/04/2015
S&P Global RatingsBBB-/NegativeLocal Currency LT12/04/2015
Fitch RatingsBBB-/StableLT Int. Scale (foreign curr.)09/30/2016
Fitch RatingsBBB-/StableLT Int. Scale (local curr.)09/30/2016