Braskem halts R$1.2B debenture payments, cites court-backed out-of-court recovery
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Banco do Brasil's CEO stated there are 31,000 agricultural debtors and signaled willingness to renegotiate, explicitly rejecting the notion of moral hazard across the sector. This marks a potential shift toward more flexible credit terms for Brazilian agribusiness, which could ease financial stress in the sector but also raise concerns about credit discipline.
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