Atrium European Real Estate 'BB/B' Ratings Affirmed On Greater Clarity On Legal Dispute; Off Watch; Outlook Stable Feb 11

Standard & Poors, February 2011

Abstract
We have met with the management of Atrium European Real Estate Ltd. (Atrium) to discuss Atrium's ongoing legal dispute with Meinl Bank and the measures that Atrium has taken to address the timeliness and reliability of its disclosure. We now believe that the legal dispute between Atrium and Meinl Bank is unlikely to have a material effect on Atrium's credit quality over the short to medium term. We are therefore affirming the 'BB' long-term and 'B' short-term corporate credit ratings on Atrium and removing them from CreditWatch negative. The stable outlook reflects our view that Atrium will continue to exhibit a steady operating performance. LONDON (Standard & Poor's) Feb. 18, 2011--Standard & Poor's Ratings Services said today that it affirmed...

Companies mentioned in this report are:
- Atrium European Real Estate Ltd.

Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch

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.

- Atrium European Real Estate Ltd.

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