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Braskem Idesa’s Dollar Bonds Drop 3 Points

Braskem Idesa’s Dollar Bonds Drop 3 Points

Braskem Idesa's dollar bonds were among the top losers with its 6.99% 2032s down 2.6 points and 7.45% 2029s down 3.1 points to trade at 57.3 and 59.71, yielding 16.6% and 18.9% respectively. While there was no news specific to the fall in their bonds, the company has...

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GLP Downgraded to BB by Fitch

GLP Downgraded to BB by Fitch

GLP Pte's (GLP) and its senior unsecured ratings were downgraded by two notches to BB from BBB-. The downgrade reflects the company's weakening credit profile and delay in deleveraging via its asset monetization process. GLP is trying to sell its interest in the...

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