Fitch rates Braskem Idesa notes B+

Fitch Ratings said it assigned B+/RR4 ratings to the planned sustainability-linked senior secured notes of about $1 billion due 2032 to Braskem Idesa SAPI (BI). The notes are on rating watch positive

Fitch rates BI's long-term foreign and local currency issuer default ratings B+/RWP.

Proceeds will be used together with the proceeds from a potential new credit facility to repay the senior secured project finance debt.

The planned new credit facility is a five-year, senior secured, syndicated term loan of up to $600 million with a pool of banks.

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