Moody's comments that Cetrel acquisition is Credit Neutral for Braskem
Sao Paulo, January 30, 2017-- Moody's Investors Service comments that Braskem S.A.' s Board of Directors authorization to the execution of a sales agreement for the 63.7% stake that Odebrecht Utilities S.A. holds at waste treatment and environmental services provider Cetrel S.A is credit neutral for Braskem. The BRL610 million transaction, when completed, will worsen the company's liquidity at a time that it is already impacted by the global agreement related to the Lava Jato...
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