S&P reduces Braskem rating

MOSCOW (MRC) -- S&P Global Ratings lowered its rating for Braskem to speculative grade because the company's debt is expected to exceed the previous estimates of the credit agency, said the company.The rating now stands at BB+, down from BBB-. The outlook is stable. By the end of 2020, Braskem could report a net debt ratio of 3.5x-4.5x in relation to earnings before interest, tax, depreci

Full article at mrcplast.com