by Amruth Sundarkumar | Mar 28, 2022 | Corporates, Credit Ratings, High Yield Bonds
Braskem Idesa was upgraded to BB- from B+ by Fitch, with a stable outlook. Braskem’s amendment to the supply ethane contract with Pemex (to build an ethane terminal and supply of 30,000 bpd by Pemex) reduces uncertainties regarding sustainability and...
by Amruth Sundarkumar | Mar 11, 2022 | Corporates
Braskem’s Mexican subsidiary Braskem Idesa is planning to invest $150mn to expand its petrochemical plant by 2025 in Mexico. The expansion will allow Braskem to receive its ethane from its import terminal, instead of relying on Pemex for half its supply and to...
by bondevalue | Mar 16, 2021 | High Yield Bonds
Brazilian petrochemical company Braskem has started internal investigations and hired a US law firm to the look into the allegations of “improper payments” related to its ethanol contract with Braskem Idesa, a subsidiary of Braskem that is in turn...
