Fitch Affirms Braskem's 'BB+' on Acquisition Announcement; Outlook to Positive.

Business Wire › March 22, 2007

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Fitch Affirms Braskem's 'BB+' on Acquisition Announcement; Outlook to Positive.

RIO DE JANEIRO, Brazil & CHICAGO -- Fitch Ratings has affirmed the ratings of Braskem S.A. (NYSE:BAK) (Braskem) and Braskem International following the announcement by Braskem, Petrobras and the Ultra Group that they have reached an agreement to acquire the Ipiranga Group's petrochemic...

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