Moody's comments that payment of BRL 3.1 bil in fines from Leniency Agreement is Credit Negative for Braskem, but has no impact on the ratings
Sao Paulo, December 16, 2016-- Moody's Investors Service comments that the leniency agreement Braskem S.A. signed on December 14 with Brazilian federal prosecutors over certain corruption charges in the context of Lava Jato investigations is credit negative, as it will impact Braskem's liquidity in the short-term. Under the settlement, Braskem accepts fines totaling USD957 million, with about BRL1.6 billion to be paid at the homologation of the agreements, and the remaining...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.