Fitch rates Braskem notes BBB-

Fitch Ratings said it assigned a BBB- rating to Braskem Netherlands Finance BV’s proposed unsecured notes issuance in a benchmark size to be issued in tranches of 10 or 30 years.

Braskem SA will unconditionally guarantee the notes.

Proceeds will be used to repay some of its outstanding notes (including the 2021, 2022 and 2023 notes), with the remainder, if any, used for general corporate purposes.

Fitch rates Braskem’s long-term foreign- and local-currency issuer default ratings BBB-.

The outlook is stable.

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