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Braskem, Frigorífico Concepción cut by Moody's - LatinFinance
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On August 24 the deadline for Braskem to avoid the actions of its creditors expires and, in the midst of proposals for debt restructuring to prevent judicial recovery, the possibility of a loan of $700 million by creditor banks has arisen. On the other hand, petrochemicals would have two options: to guarantee all its assets from converting the debt into shares in the future - none of the alternatives would have been accepted by the company. Ther…
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