Core Viewpoint - Fitch Ratings has downgraded Braskem Idesa's debt rating to "Restricted Default" (RD) due to the company's failure to pay interest on a bond, specifically the interest due on a $900 million senior secured note that was due on November 18 [1] Group 1: Company Financial Situation - Braskem Idesa failed to make the interest payment on its bond, which was originally due last week, and did not secure sufficient funds to meet its obligations after a five-day grace period [1] - This marks Fitch's third rating action on Braskem Idesa in the past two weeks, indicating ongoing financial distress [1] Group 2: Company Background - Braskem Idesa is a joint venture between Brazilian polymer giant Braskem and Mexico's Grupo Idesa, with Braskem holding a 75% stake [1] - The company operates a polyethylene plant in Coatzacoalcos, Veracruz, Mexico, with an annual production capacity of 1.05 million tons [1]
Braskem Idesa陷入“限制性违约”
Zhong Guo Hua Gong Bao·2025-12-02 02:55