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Braskem (BAK) 6-KCurrent report (foreign)

Filed: 3 Sep 21, 12:00am
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    • 6-K Current report (foreign)
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    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, 2021

    (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- _____.

     

     
     

    .

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    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.

     

     

     

     
     

    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 2, 2021

     BRASKEM S.A.
        
        
     By:     /s/     Pedro van Langendonck Teixeira de Freitas
       
      Name:Pedro van Langendonck Teixeira de Freitas
      Title:Chief Financial Officer

     

    DISCLAIMER ON FORWARD-LOOKING STATEMENTS

     

    This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.


     

     

     

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