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Petrobras Executive Says Braskem to Reach Deal With Creditors
Source: Bloomberg
M&A & RestructuringCredit & Bond MarketsCompany Fundamentals
A Petrobras executive serving on Braskem’s board expects the Brazilian petrochemicals producer to reach an agreement with creditors to restructure roughly $11 billion of debt, avoiding a bankruptcy filing. The outlook is cautiously positive for Braskem’s solvency, though execution risk remains until creditor terms are finalized.
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