Moody's comments that sale of quantiQ is Credit Positive for Braskem, but does not impact ratings
Sao Paulo, January 12, 2017-- Moody's Investors Service comments that the sale of Braskem S.A. fully-owned subsidiary quantiQ to GTM Holdings is credit positive, but has no impact on Braskem's ratings or negative outlook given its relative small size and consequently marginal impact on credit metrics.The deal will total BRL550 million, of which BRL450 million will be paid at the confirmation of the transaction, and the remaining BRL100 million within 12 months.
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