Klepierre S.A. generated further positive operating performance as of Sept. 30, with 3.2% like-for-like growth in net rental income for the first nine months of the year. Despite structural challenges affecting the European retail market, we view Klepierre's large and geographically well-diversified portfolio as still well positioned within the business risk profile we place it in. In addition, the company benefits from comfortable headroom under its main credit metrics, and could absorb a potential slight further portfolio devaluation. PARIS (S&P Global Ratings) Nov. 19, 2019--S&P Global Ratings today said that, despite the structural challenges facing retail property owners in Europe, including Klepierre S.A., we continue viewing the company as well positioned within the rating category, following further good performance as
