News

Braskem notifies that the credit rating agency S&P has upgraded the risk level of the Company's corporate credit rating on a global scale

NOTICE TO THE MARKET

São Paulo, September 2, 2021 - Braskem S.A. ("Braskem" or "Company"), (B3: BRKM3, BRKM5 e BRKM6; NYSE: BAK; LATIBEX: XBRK), hereby notifies the market that the credit rating agency S&P Global Ratings (S&P) has upgraded the risk level of the Company's corporate credit rating on a global scale to BBB-, with a stable outlook.

The agency highlighted that the rating upgrade to investment grade reflects the considerable improvement in profitability and cash generation indicators, the Company's commitment to leverage and the agency's expectation that Braskem will continue to benefit from the high petrochemical spreads in the coming quarters.

Finally, the Company reinforces its ongoing commitment to financial health and maintenance of a solid cash position, maintaining a very long indebtedness profile.

 

For more information, contact Braskem's Investor Relations Department by calling +55 (11) 3576-9531 or sending an e-mail to braskem-ri@braskem.com.br.

                  

DISCLAIMER ON FUTURE STATEMENTS

This Notice to the Market may contain forward-looking statements. These statements are not historical facts, but are based on the current view and estimates of the Company's management regarding future economic and other circumstances, industry conditions, financial performance and results, including any potential or projected impact from the geological event in Alagoas and related legal procedures and from covid-19 on the Company's business, financial condition and operating results. The words "forecasts," "believes," "estimates," "expects," "plans" and other similar expressions, when referring to the Company, are intended to identify forward-looking statements. Statements related to the possible outcome of legal and administrative proceedings, implementation of operational and financing strategies and investment plans, guidance about future operations, as well as factors or trends that affect the financial condition, liquidity or operating results of the Company are a few examples of forward-looking statements. These statements reflect the current views of the Company's management and are subject to diverse risks and uncertainties, many of which are beyond the control of the Company. There is no guarantee that said events, trends or expected results will actually occur. The statements are based on several assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any change in such assumptions or factors, including the projected impact from the geological event in Alagoas and related legal procedures and the unprecedented impact from the covid-19 pandemic on the businesses, employees, service providers, shareholders, investors and other stakeholders of the Company could cause actual results to differ significantly from current expectations.  For a comprehensive description of the risks and other factors that could impact any forward-looking statements in this document, especially the factors discussed in the sections, see the reports filed with the Brazilian Securities and Exchange Commission (CVM).