S&P revises Braskem (NYSE: BAK) to B+ with Negative Outlook
Rhea-AI Filing Summary
Braskem S.A. reports that S&P Global Ratings has revised its global corporate credit rating to B+ with a Negative Outlook. This signals that the agency sees higher risk around the company’s credit profile going forward. Braskem explains that it is concentrating on “resilience initiatives” to offset the impact of a prolonged downturn in the global petrochemical cycle and to reinforce the competitiveness of the Brazilian chemical industry.
Positive
- None.
Negative
- S&P Global Ratings revised Braskem’s global corporate credit rating to B+ with a Negative Outlook, signaling increased perceived credit risk and pressure on its financial profile.
Insights
S&P cuts Braskem’s outlook to Negative at B+, raising credit risk.
Braskem discloses that S&P Global Ratings now assigns it a B+ global corporate credit rating with a Negative Outlook
The company links this situation to a prolonged downturn in the petrochemical industry cycle, which can pressure margins and cash generation. In response, management highlights “resilience initiatives” aimed at mitigating these effects and improving the competitiveness of the Brazilian chemical industry, though no specific measures or targets are detailed in this notice.
For investors and creditors, the key implication is that an already weak credit profile now carries a negative bias from a major rating agency. Future company disclosures on these resilience initiatives and any changes in industry conditions will be important for understanding whether this outlook may stabilize or deteriorate further.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2025
(Commission File No. 1-14862 )
BRASKEM S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of registrant's name into English)
Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
Indicate by check mark if the registrant is
submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
Indicate by check mark if the registrant is
submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the
registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.
NOTICE TO THE MARKET
São Paulo, September 19, 2025 - BRASKEM S.A. ("Braskem" or "Company") (Ticker B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) hereby informs its shareholders and the market in general that the credit rating agency S&P Global Ratings (“S&P”) has revised the Company’s global corporate credit rating to B+, with a Negative Outlook.
The Company continues to focus on implementing resilience initiatives to mitigate the relevant effects of the prolonged downturn in the entire petrochemical industry cycle, and to strengthen the competitiveness of the Brazilian chemical industry.
Additional information can be obtained from the Investor Relations Department by phone at +55 (11) 3576-9531 or by e-mail braskem-ri@braskem.com.br.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: September 19, 2025
| BRASKEM S.A. | |||
| By: | /s/ Felipe Montoro Jens | ||
| Name: | Felipe Montoro Jens | ||
| Title: | Chief Financial Officer | ||
FORWARD-LOOKING STATEMENTS
This Notice to the Market may contain forward-looking statements. These statements are not historical facts, but rather 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 regarding the geological event in Alagoas and related legal procedures on the Company's business, financial condition and operating results. The words “project,” “believe,” “estimate,” “expect,” “plan”, “objective” and other similar expressions, when referring to the Company, are used 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 on future operations, the objective of expanding its efforts to achieve the sustainable macro objectives disclosed by the Company, as well as factors or trends that affect the financial condition, liquidity or operating results of the Company are examples of forward-looking statements. Such statements reflect the current views of the Company's management and are subject to various risks and uncertainties, many of which are beyond the Company’s control. There is no guarantee that the events, trends or expected results will actually occur. The statements are based on various assumptions and factors, including, but not limited to, general economic and market conditions, industry conditions and operating factors, availability, development and financial access to new technologies. Any change in these assumptions or factors, including the projected impact from the joint venture and its development of technologies, from the geological event in Alagoas and related legal procedures and the unprecedented impact on businesses, employees, service providers, shareholders, investors and other stakeholders of the Company could cause effective 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). This Notice to the Market does not constitute any offer of securities for sale in Brazil. No securities may be offered or sold in Brazil without being registered or exempted from registration, and any public offer of securities carried out in Brazil must be made through a prospectus, which would be made available by Braskem and contain detailed information on Braskem and its management, as well as its financial statements.
FAQ
What did S&P Global Ratings change about Braskem (BAK)?
S&P Global Ratings revised Braskem S.A.'s global corporate credit rating to B+ with a Negative Outlook, indicating higher perceived credit risk and a less stable rating trajectory.
What does a B+ credit rating with Negative Outlook mean for Braskem?
A B+ rating with a Negative Outlook places Braskem in speculative-grade territory and signals that S&P currently sees more downside than upside for its credit quality.
Why does Braskem say its rating was affected?
Braskem links the situation to a prolonged downturn in the petrochemical industry cycle, which can weigh on profitability and cash flow across the sector.
How is Braskem responding to the tougher credit environment?
The company states it is focusing on resilience initiatives designed to mitigate the effects of the industry downturn and to strengthen the competitiveness of the Brazilian chemical industry.
Does this notice mention any specific financial figures for Braskem (BAK)?
No specific revenue, earnings, or leverage figures are disclosed here; the notice focuses on the S&P rating revision and the company’s stated strategic response.
Where can investors get more information about Braskem’s situation?
Braskem directs investors to its Investor Relations Department, providing a phone number and the email braskem-ri@braskem.com.br for further inquiries.
