Home>Braskem SA BAK Q4 2011 Earnings Call Transcript
Braskem SA BAK Q4 2011 Earnings Call Transcript
Earnings Call Transcripts by Morningstar Inc.
Thu, 15 Mar 2012
Good morning, ladies and gentlemen. At this time, we'd like to welcome everyone the Braskem's 4Q '11 and Full Year of 2011 Earnings Conference Call. Today with us we have Carlos Fadigas, CEO; Marcela Drehmer, CFO and IRO; and Roberta Varella, IR Manager.
With yield spreads back to pre-crisis levels, there is less room for error in the high-yield market today, says Morningstar director of fixed-income research Eric Jacobson.
While duration exposure remains troublesome, large-scale bank deleveraging in the last year has credit markets looking ripe for investment, says Driehaus' K.C. Nelson.