Moody's changes Braskem view to stable

Moody's Investors Service said it changed Braskem SA’s outlook to stable from negative and affirmed its Ba1 corporate family rating and the Ba1 ratings on the foreign- and local-currency debt issuances of Braskem Finance Ltd. and Braskem America Finance Co., respectively, fully guaranteed by Braskem SA.

The change in outlook to stable from negative reflects the company's strengthened cash generation and credit metrics from a historically strong operating performance during 2020 and 2021. “The stronger operating and financial performance provide a cushion to Braskem's credit quality against potential future financial impacts of existing overhangs, namely the supply issues in Mexico and the geological event in Alagoas,” Moody’s noted in a press release.

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