Fitch upgrades Atrium

Ratings agencies used to hand out good news on a conveyor belt. Now it’s an event. Certainly Atrium European Real Estate is bound to be pleased at being revised up  from “Stable” to “Positive”.  Reuters reports:

“Fitch expects Atrium’s financial metrics to remain resilient and stable in the next two years, despite two major shopping centre acquisitions in 2011,” says Jean-Pierre Husband, a Director in Fitch’s EMEA Corporate Finance team. “The Positive Outlook reflects Atrium’s substantial progress in resolving outstanding litigation claims, which is a prerequisite for any upgrade of the ratings.”

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