Lithuania: Fitch reaffirms Akropolis Group’s BB+ credit rating

The international credit rating agency, Fitch Ratings, has reaffirmed Lithuanian shopping centre developer Akropolis Group’s long-term borrowing rating at BB+ with a stable outlook, GlobeNewswire reports. The agency noted Akropolis Group’s good financial and operational performance, leading market position, and low vacancy rate. Nerijus Maknevicius, CEO and board chairman of Akropolis Group, said that the agency’s positive assessment confirmed that the company remained resilient to the impact of external factors. He said that Akropolis Group planned to further strengthen its position in the Lithuanian and Latvian market of shopping centres.