Other Events ·
Braskem S.A. disclosed that Fitch Ratings revised the company's global corporate credit rating to RD due to the…
BAKBraskem SA
Braskem S.A. disclosed that Fitch Ratings revised the company's global corporate credit rating to RD due to the non-payment of certain financial obligations after the expiration of a cure period. Concurrently, the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo granted requests for Precautionary Injunctive Relief, ordering a 60-day stay on all enforcement actions and attachments by creditors participating in mediation proceedings initiated by Braskem and its subsidiaries. The company remains committed to negotiating a consensual solution with financial creditors while maintaining ordinary course operations. Braskem operates in the petrochemical industry, producing plastics and chemicals.