PARIS (Standard&Poor's) Oct. 30, 2001--Standard&Poor's today affirmed its triple-'B'-plus long-term corporate credit and senior unsecured debt and 'A-2' short-term corporate credit and commercial paper ratings on France-based Klépierre S.A., a leading retail property owner and manager in Continental Europe. At the same time, the long-term ratings were removed from CreditWatch, where they had been placed with negative implications on Sept. 19, 2001, upon news of the cancellation of the company's planned equity issue. The outlook is stable. Klépierre cancelled a €225 million capital increase that had been planned for the second half of 2001 as part of the financing of its €1.6 billion acquisition of French food retailer Carrefour S.A.'s European shopping centres. The acquisition was
