Fitch lifts Atrium European

Fitch Ratings said it upgraded Atrium European Real Estate Ltd.'s long- and short-term issuer default ratings to BBB and F2, from BBB- and F3, respectively.

The outlook is stable.

The agency said the upgrade reflects a view that the quality of Atrium's property portfolio has significantly improved over the past couple of years and particularly on the back of strong asset-rotation in 2018, following the company's exit from Hungary and Romania and the acquisition of further prime assets.

This is paired with continued positive operating momentum across the company's geographies, including a stabilization in Russia, the agency said.

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