Brazil Inc. Flashes Signs of Distress as Corporate Crashes Pile Up
Creditors to waste management firm Ambipar and petrochemical giant Braskem rushed for the exit
The Braskem petrochemical plant in Duque de Caxias, Rio de Janeiro state.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Welcome to The Brink. It’s Vinicius Andrade in New York and Giovanna Bellotti Azevedo in Sao Paulo, where we’ve been reporting on recent struggles at Brazilian firms Ambipar, Banco Master and Braskem. We also have news on fashion house Valentino, carmaker Jaguar Land Rover and auto-parts manufacturer First Brands. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.
Brazilian companies dominated the headlines for all the wrong reasons this week, with bonds in freefall and creditors bracing for tough debt talks.