Braskem’s Outlook Strengthened by Higher Petrochemical Spreads, But Near-Term Debt Maturities Cast Shadow
Rising petrochemical prices and tighter spreads have improved the operational outlook for Brazil-based Braskem, prompting an analyst price-target increase. However, the company faces near-term interest obligations and mounting debt pressures at its Mexico joint venture, and a delayed ownership transition has left negotiations over its capital struc…