Atrium European Real Estate Announces Credit Rating Update

Professional ServicesReal Estate ♦ Published: February 2, 2011; 00:01 ♦ (Vindobona)

Atrium European Real Estate Limited a real estate company owned by Citigroup/Gazit, is placed on CreditWatch Negative.

Atrium European Real Estate Announces Credit Rating Update / Picture: © Atrium European Real Estate

The company, which is focused on shopping centre investment, management and development in Central and Eastern Europe, notes Standard and Poor´s "S&P") announcement placing Company's current 'BB' long-term and 'B' short-term corporate credit ratings on CreditWatch Negative.

S&P had previously upgraded the Company´s long-term corporate credit rating to `BB´ from `BB-`…