Fitch lifts Brixton from junk

Fitch Ratings said it upgraded Brixton plc's senior unsecured ratings to A- from BB+ and its long-term issuer default rating to BBB+ from BB. The short-term issuer default rating was upgraded to F2 from B. Ratings have been removed from Rating Watch positive.

The outlook is stable.

The action reflects the acquisition of Brixton by Segro and the delisting of Brixton's shares, the agency said.

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