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4 results for “Fitch Ratings”

Braskem Idesa Files Pre-Packaged Chapter 11, Forcing $476 Million Cash Call on Stressed Brazilian Parent
Investing• Aug 18

Braskem Idesa Files Pre-Packaged Chapter 11, Forcing $476 Million Cash Call on Stressed Brazilian Parent

Brazilian petrochemical giant Braskem must inject $476M into its Mexican unit, Braskem Idesa, which filed for Chapter 11 to cut $920M in debt.

Fitch Upgrades Rio de Janeiro Credit Rating to Highest 'AAA(bra)'
PROMarkets• Aug 17

Fitch Upgrades Rio de Janeiro Credit Rating to Highest 'AAA(bra)'

Fitch Ratings has elevated the City of Rio de Janeiro's national credit rating to the highest possible level, signaling a major fiscal turnaround.

Valuation Gap Widens for Auren (AURE3) After Fitch Negative Outlook on Leverage Trajectory
PROMarkets• Aug 03

Valuation Gap Widens for Auren (AURE3) After Fitch Negative Outlook on Leverage Trajectory

Analysts estimate a high implied IRR for Auren Energia (AURE3) as stock drops; Fitch's Negative Outlook is tied to slower deleveraging.

Braskem Debt Ratings Cut to Default Following Court Ruling
Markets• Jul 16

Braskem Debt Ratings Cut to Default Following Court Ruling

S&P and Fitch downgraded Braskem to default levels after a São Paulo court suspended its debt payments, warning secondary market bondholders of restructuring risks.