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Federative Republic of Brazil |
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| These rating actions follow Fitch's upgrade yesterday of the long-term foreign and local currency IDRs of the Federative Republic of Brazil to 'BB', Rating Outlook Stable from 'BB-', Rating Outlook Positive. Braskem's foreign currency bond ratings are constrained by the 'BB-' country ceiling of the Federative Republic of Brazil. CVRD's Rating Outlook Positive status mirrors the Rating Outlook Positive status of the foreign currency rating of the Federative Republic of Brazil, as CVRD's foreign currency ratings remain linked to the 'BB-' foreign currency rating of the sovereign. |
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