Rating & activity

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:

12/31/2019 Contractual limit
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.
See also
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