Braskem Hits Near-Default Grade Even as Its Shares Rally

Brazil Business Braskem Hits Near-Default Grade Even as Its Shares Rally By Richard Mann · June 30, 2026 · 4 min read Daily Brief The morning intel from across Latin America. Free. Subscribe By subscribing you agree to our privacy policy. We never share your email. Markets Key Facts —The cut. Fitch lowered Braskem to a C grade and S&P pushed it into default territory, both on Monday. —The trigger. Fitch said the company’s own court shield against creditors looks like a process with the marks of a default. —The twist. The shares climbed almost six percent the same day, leading the São Paulo index. —The stakes. Braskem told a court that paying one July bill could trigger early-payment clauses on roughly fifty-four billion reais of debt. —The cash.

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