Brazil's Braskem boosted by petrochemical prices, but debt problem looms

Rising petrochemical prices have strengthened Braskem's long-term outlook by supporting product pricing and margins. However, the company is under near-term pressure from looming interest payments on its debt and is racing to address liquidity/refinancing risk.

Analysis

Rising petrochemical prices have strengthened Braskem's long-term outlook by supporting product pricing and margins. However, the company is under near-term pressure from looming interest payments on its debt and is racing to address liquidity/refinancing risk.