Fitch might cut Atrium European

Fitch Ratings said it placed Atrium European Real Estate Ltd.'s long- and short-term issuer default ratings of BBB and F2 on rating watch negative.

Atrium's senior unsecured rating of BBB was also placed on rating watch negative.

“The action was triggered by the announcement by the independent committee of Atrium's board of directors of the proposed acquisition by an entity representing Gazit Global Ltd. (unrated) of the 39.9% in Atrium that Gazit does not already own,” the agency said in a news release.

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