Moody's: Braskem view negative

Moody's Investors Service said it affirmed Braskem Finance Ltd. and Braskem America Finance Co.'s Baa3 global scale ratings and all related debt ratings.

The outlook was changed to negative from stable.

Moody's said the change in outlook to negative reflects Braskem's weakening operational performance due to deterioration in the global petrochemical industry's fundamentals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.