KLÉPIERRE UPGRADED TO “A − ” BY S&P
We are proud to announce as a member of the Klépierre Group, that Klépierre, who owns and manages the largest portfolio of shopping centers in continental Europe, combining asset management and property development skills, has received from Standard & Poor’s (S&P) upgraded company credit rating to “A−” (stable outlook).
The credit rating agency specified that the upgrade was a testament to the company’s “solid asset base with strong cash flow generation capabilities, prudent financial policy, and financial flexibility which have proven to be successful as the company outperformed S&P’s base case.”
Fitch having confirmed its “A−” rating with a stable outlook on the senior unsecured debt, Klépierre is among the best level of credit ratings in the European listed real estate universe.