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03.03.2015 17:07:00
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Braskem SA -- Moody's comments that Braskem New Naphtha Supply Extension with Petrobras Is Credit Negative, but Reduces Supply Risk
Sao Paulo, March 03, 2015 -- Moody's Investors Service comments that Braskem S.A. announcement of a third extension of its naphtha supply contract with Petroleo Brasileiro S.A. ("Petrobras") is credit negative because it fails to set the final conditions for Petrobras long-term contract, although it reduces fuel supply risk.
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