What legal protection did Braskem receive from the São Paulo court, and why was it granted?

Braskem received a 60-day precautionary injunctive relief from a São Paulo court, which shields the company from enforcement actions by certain creditors. This measure was granted to enable Braskem to pursue a consensual resolution for its capital structure following its downgrade to an 'RD' (Restricted Default) rating by Fitch Ratings due to missed debt payments.

What is Braskem's stated objective during this court-protected period?

Braskem remains committed to negotiating with financial creditors to find an orderly solution for its capital structure while ensuring continued normal operations.

Court Shields Braskem from Certain Creditors for Talks

Aug 18, 2026

Braskem secured a 60-day court injunction against creditor enforcement following a Fitch downgrade to Restricted Default status. The company plans to negotiate a consensual capital structure resolution while ensuring continued operations.

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