Atrium European Real Estate Limited / Key word(s): Rating
Fitch Ratings downgrades Atrium's rating to 'BB/Stable'
Ad hoc announcement - Jersey, 17 January 2022, Atrium European Real Estate Limited (VSE/ Euronext: ATRS), (the "Company" and together with its subsidiaries, the "Atrium Group" or the "Group"), a leading owner and operator of shopping centres and residential for rent properties in Central Europe, announces that Fitch Ratings has downgraded the Companies' Long- and Short-Term Issuer Default Ratings from 'BBB' to 'BB' and from 'F2' to 'B', respectively, with a stable outlook of the Long-Term Issuer Default Rating. The downgrading reflects the financial profile of the Company following Gazit Globe's acquisition of the remaining 25% shareholding in the Company.
Further information can be found on the Company's website www.aere.com or for analysts:
Press & shareholders:
The Company is established as a closed-end investment company incorporated and domiciled in Jersey and regulated by the Jersey Financial Services Commission as a certified Jersey listed fund, and is listed on both the Vienna Stock Exchange and the Euronext Amsterdam Stock Exchange. Appropriate professional advice should be sought in the case of any uncertainty as to the scope of the regulatory requirements that apply by reason of the above regulation and listings. All investments are subject to risk. Past performance is no guarantee of future returns. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results.
17-Jan-2022 GMT/BST News transmitted by EQS Group AG. www.eqs.com
Atrium European Real Estate Limited
11-15 Seaton Place
JE4 0QH St. Helier
Amsterdam, Vienna Stock Exchange (Official Market)
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