Braskem credit rating cut to C and D

Braskem filed a Form 6-K to disclose that credit rating agencies Fitch Ratings and S&P Global Ratings have revised its global-scale corporate credit ratings to C and D, respectively.

Rhea-AI Filing Summary

Braskem filed a Form 6-K to disclose that credit rating agencies Fitch Ratings and S&P Global Ratings have revised its global-scale corporate credit ratings to C and D, respectively. The change is linked to a Precautionary Injunctive Relief proceeding filed by the company and certain subsidiaries.

Braskem emphasizes that this injunctive relief and related mediation are strictly financial in scope. The company states that obligations to suppliers, customers and other stakeholders remain in full force and continue to be performed in the ordinary course under existing agreements.

Positive

• None.

Negative

• Global credit ratings cut: Fitch Ratings and S&P Global Ratings revised Braskem’s global-scale corporate credit ratings to C and D, respectively, indicating significantly higher perceived credit risk.
• Ratings tied to legal-financial process: The downgrades are connected to a Precautionary Injunctive Relief proceeding involving Braskem and certain subsidiaries, adding legal and financial uncertainty.

Insights

Credit & risk analyst

Braskem faces sharply weaker credit ratings tied to a financial injunctive relief process.

Fitch Ratings and S&P Global Ratings revised Braskem’s global-scale corporate credit ratings to C and D, signaling elevated credit risk. The filing links these downgrades to a Precautionary Injunctive Relief proceeding involving the company and certain subsidiaries.

Management states that the injunctive relief and related mediation are limited to financial matters and do not affect obligations to suppliers, customers or other stakeholders, which it says continue as normal. However, ratings at these levels typically constrain financing options and may influence counterparties’ risk assessments.

The document also includes an extensive forward-looking statements disclaimer, highlighting uncertainties around legal procedures and broader economic and industry conditions. Future company filings and disclosures will be important to understand how the proceeding and lower ratings interact with Braskem’s funding plans and financial condition.

Key Figures

Fitch corporate credit rating: C S&P corporate credit rating: D Notice date: June 29, 2026

3 metrics

Fitch corporate credit rating C Global-scale corporate credit rating revised by Fitch Ratings

S&P corporate credit rating D Global-scale corporate credit rating revised by S&P Global Ratings

Notice date June 29, 2026 Date of Notice to the Market from Braskem

Key Terms

Precautionary Injunctive Relief, Mediation, forward-looking statements, corporate credit rating, +1 more

5 terms

Precautionary Injunctive Relief regulatory

"in connection with the Precautionary Injunctive Relief proceeding (Tutela de Urgência Cautelar) filed by the Company"

Mediation regulatory

"the Injunctive Relief and the Mediation have a limited scope, strictly financial"

forward-looking statements regulatory

"This Notice to the Market may contain forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

corporate credit rating financial

"have revised the Company's corporate credit rating on a global scale to C and D"

A corporate credit rating is a letter-grade assessment, issued by independent agencies, of a company’s ability to pay back its debts and meet interest obligations. Think of it like a personal credit score for a business: higher ratings mean lower risk and cheaper borrowing, while lower ratings signal greater risk and higher interest costs, which can affect bond returns, a company’s access to loans, and investor confidence in the stock.

Material Facts regulatory

"as disclosed in the Material Facts of June 25 and 26, 2026."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Fitch and S&P do to Braskem (BAK)'s credit ratings?

Fitch Ratings revised Braskem’s global corporate credit rating to C and S&P Global Ratings revised it to D. These ratings reflect heightened credit risk perceptions and are explicitly linked to a Precautionary Injunctive Relief proceeding involving the company and certain subsidiaries.

Why were Braskem (BAK)'s credit ratings revised to C and D?

The filing states Fitch and S&P revised Braskem’s ratings to C and D in connection with a Precautionary Injunctive Relief proceeding filed by Braskem and certain subsidiaries. This legal-financial process prompted the agencies to reassess the company’s global-scale corporate credit risk.

Does the Precautionary Injunctive Relief affect Braskem (BAK)'s operations?

Braskem states the Injunctive Relief and Mediation have a strictly financial scope. According to the company, they do not encompass obligations to suppliers, customers or other stakeholders, which it says remain fully in force and continue to be performed in the ordinary course.

What ongoing commitments does Braskem (BAK) say remain unchanged?

Braskem reiterates that obligations to suppliers, customers and other stakeholders remain in full force and effect. The company says these commitments continue to be performed in the ordinary course, according to the terms of existing agreements, despite the financial injunctive relief proceeding.

How will Braskem (BAK) communicate future developments on this matter?

Braskem states it will keep the market informed of any material developments related to the injunctive relief and mediation. Updates will be made in line with applicable laws and regulations, and investors can also contact the Investor Relations department by phone or email for more information.

What caution does Braskem (BAK) give about forward-looking statements?

The company warns that forward-looking statements reflect current management views and involve various risks and uncertainties. It notes economic conditions, industry factors, legal procedures and technology development could cause actual results to differ significantly from expectations described in this Notice to the Market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/29/2026 - 05:36 PM Learn about SEC filing dates

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 June, 2026

(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, June 29, 2026 - 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 agencies Fitch Ratings and S&P Global Ratings have revised the Company's corporate credit rating on a global scale to C and D, respectively in connection with the Precautionary Injunctive Relief proceeding (Tutela de Urgência Cautelar) filed by the Company and certain of its subsidiaries, as disclosed in the Material Facts of June 25 and 26, 2026.

Braskem reiterates that the Injunctive Relief and the Mediation have a limited scope, strictly financial, and do not encompass any obligations of the Company and its subsidiaries with their suppliers, customers, and other stakeholders, which remain in full force and effect and continue to be performed in the ordinary course, pursuant to the terms of the respective agreements.

The Company will keep the market informed of any material developments on this matter, in compliance with applicable laws and regulations.

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.

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: June 29, 2026

	BRASKEM S.A.
	By:	/s/     Carlos Augusto Machado Pereira de Almeida Brandão
		Name:	Carlos Augusto Machado Pereira de Almeida Brandão
		Title:	Chief Financial Officer

DISCLAIMER ON 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.