Fitch ends watch on Braskem Idesa

Fitch Ratings said it affirmed its B+ ratings on Braskem Idesa SAPI and its senior secured bonds, removed the ratings from rating watch negative and assigned a negative outlook.

“Braskem Idesa's negative watch has been removed following the company's securing of funding for the new ethane terminal, and its amended completion timeline for the project to 1Q25 from 3Q25. The terminal is currently approximately 50% complete. The ethane terminal is critical to Braskem Idesa's long-term viability and competitiveness,” Fitch said in a press release.

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