Braskem, Frigorífico Concepción cut by Moody's - LatinFinance

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In the midst of the negotiations around the restructuring of Braskem, part of the petrochemical bondholders still push for Petrobras to bring new capital to the controlled one, informed Bloomberg, on Monday (10). According to the news agency, the negotiations have gained strength in recent days, but part of the creditors, including the managers Elliott and Contrarian, seeks Petrobras to assume a firm financial commitment. The alternatives raised…

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On August 24 the deadline for Braskem to avoid the actions of its creditors expires and, in the midst of proposals for debt restructuring to prevent judicial recovery, the possibility of a loan of $700 million by creditor banks has arisen. On the other hand, petrochemicals would have two options: to guarantee all its assets from converting the debt into shares in the future - none of the alternatives would have been accepted by the company. Ther…