Cash Crunch at Braskem Unit Leaves Creditors Wary Before Payment
Investors are on edge as petrochemical firm Braskem Idesa SAPI’s cash reserves crumble ahead of a looming coupon payment, stoking fears of another corporate meltdown in Latin America.
By Giovanna Bellotti Azevedo, Maria Elena Vizcaino, Vinicius Andrade · Bloomberg Markets
Investors are on edge as petrochemical firm Braskem Idesa SAPI’s cash reserves crumble ahead of a looming coupon payment, stoking fears of another corporate meltdown in Latin America.