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Atrium European Real Estate Upgraded To 'BB' On Improved Capital Structure; Outlook Stable Nov 10
Standard & Poors, Nov 2010
Abstract
Jersey-based Atrium European Real Estate Ltd.'s (Atrium's) capital structure and liquidity is much improved by the repayment of its 2013 bond. We are raising our long-term corporate credit rating on Atrium to 'BB' from 'BB-' and maintaining our short-term rating at 'B'. The stable outlook reflects our view that Atrium's debt levels will increase to a sustainable level in the medium term as the company starts executing its growth strategy. LONDON (Standard & Poor's) Nov. 26, 2010--Standard & Poor's Ratings Services said today that it raised its long-term corporate credit rating on Jersey-based real estate company Atrium European Real Estate Ltd. (Atrium) to 'BB' from 'BB-'. The short-term corporate credit rating on Atrium is unchanged at 'B'. The outlook remains...
Companies mentioned in this report are: Atrium European Real Estate Ltd.
Action: Outlook: Stable
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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