EQS-Adhoc: Atrium European Real Estate Limited: Fitch Ratings downgrades Atrium’s rating to ‚BB/Stable‘

EQS-Ad-hoc: Atrium European Real Estate Limited / Key word(s): Rating
Atrium European Real Estate Limited: Fitch Ratings downgrades Atrium’s
rating to ‚BB/Stable‘

17-Jan-2022 / 08:44 GMT/BST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Fitch Ratings downgrades Atrium’s rating to ‚BB/Stable‘

Ad hoc announcement – Jersey, 17 January 2022, Atrium European Real Estate
Limited (VSE/ Euronext: ATRS), (the „Company“ and together with its
subsidiaries, the „Atrium Group“ or the „Group“), a leading owner and
operator of shopping centres and residential for rent properties in
Central Europe, announces that Fitch Ratings has downgraded the Companies‘
Long- and Short-Term Issuer Default Ratings from ‚BBB‘ to ‚BB‘ and from
‚F2‘ to ‚B‘, respectively, with a stable outlook of the Long-Term Issuer
Default Rating. The downgrading reflects the financial profile of the
Company following Gazit Globe’s acquisition of the remaining 25%
shareholding in the Company.

Further information can be found on the Company’s website www.aere.com or
for analysts:
Molly Katz: mkatz@aere.com

Press & shareholders:
FTI Consulting Inc.: +44 (0)20 3727 1000
Richard Sunderland/Claire Turvey/Ellie Sweeney/Andrew Davis:
scatrium@fticonsulting.com

About Atrium European Real Estate
Atrium is a leading owner, operator and redeveloper of shopping centres
and residential for rent apartments in Central Europe. Atrium specializes
in locally dominant food, fashion and entertainment shopping centres in
the best urban locations. Atrium owns 26 properties with a total gross
leasable area of over 809,000 sqm and with a total market value of
approximately €2.5 billion. These properties are located in Poland, the
Czech Republic, Slovakia and Russia, and with the exception of one, are
all managed by Atrium’s internal team of retail real estate professionals.
In February 2020 Atrium announced a strategy to diversify its portfolio by
investing in and managing residential for rent real estate, with a primary
focus on Warsaw.

The Company is established as a closed-end investment company incorporated
and domiciled in Jersey and regulated by the Jersey Financial Services
Commission as a certified Jersey listed fund, and is listed on both the
Vienna Stock Exchange and the Euronext Amsterdam Stock Exchange.
Appropriate professional advice should be sought in the case of any
uncertainty as to the scope of the regulatory requirements that apply by
reason of the above regulation and listings. All investments are subject
to risk. Past performance is no guarantee of future returns. The value of
investments may fluctuate. Results achieved in the past are no guarantee
of future results.

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17-Jan-2022 GMT/BST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: Atrium European Real Estate Limited
11-15 Seaton Place
JE4 0QH St. Helier
Jersey Guernsey
ISIN: JE00B3DCF752
WKN: A0X963
Listed: Amsterdam, Vienna Stock Exchange (Official Market)
EQS News ID: 1269200

 
End of Announcement EQS News Service

1269200  17-Jan-2022 GMT/BST

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