Fitch and S&P have downgraded Braskem’s rating after the company entered guardianship, leading to a 5.75% drop in B3’s actions.
Imagem: driles/ShutterStock Summary Fitch downgraded Braskem’s credit rating from CC to C last Friday. S&P downgraded the credit rating from issuer and emission from brCCC- to D. Braskem’s activities were supported by a 5.75% increase in trading on the B3 exchange this Monday. JPMorgan revised its recommendation to neutral and lowered the target price from…