The rating agency Standard & Poor’s has given Klépierre the following ratings:
|Long term||Short term|
|Rating||A- (negative outlook)||A2|
|Since||March 2020||June 2001|
The key objective of Klépierre’s financing policy is to ensure that the Group always has the financial resources needed to fund its development.
Accordingly, Klépierre strives to maintain a balanced financial structure that is framed by the following ratios:
|Loan to Value||37.3%||< or = 60%|
|EBITDA/Net interest expense||8.0||> or = 2.0|
Klépierre also diversifies its sources of financing using:
- bank lending in various formats (syndicated, bilateral loans, etc.)
- the bond market
- commercial paper to meet short-term financing needs.