Klepierre S.A. - S&P Global Ratings’ Credit Research

Klepierre S.A.

Klepierre S.A. - S&P Global Ratings’ Credit Research
Klepierre S.A.
Published Apr 25, 2012
4450 words — Published Apr 25, 2012
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Large portfolio of high quality retail property assets. Strong cash flows supported by high barriers to entry. Broad diversity of tenants and wide geographic reach within Western Europe. Significant debt leverage. Large financing needs requiring active management of the funding structure. Exposure to challenging market conditions in Southern Europe and Hungary. The ratings on France-based property group Klépierre S.A. primarily reflect Standard&Poor's Ratings Services' view of the strong cash flows coming from the group's large and diversified portfolio, mostly comprising resilient retail assets; high barriers to entry in its main markets because of generally tight regulation; and a strong position and solid expertise in the ownership and management of shopping center galleries. We consider the strength and diversity

  
Brief Excerpt:

RESEARCH Klepierre S.A. Publication date: 25-Apr-2012 Primary Credit Analyst: Franck Delage, Paris (33) 1-4420-6778; franck_delage@standardandpoors.com Secondary Contact: Maxime Puget, London +44(0)20 7176 7239; Maxime_Puget@standardandpoors.com...

  
Report Type:

Full Report

Ticker
LI@FP
Issuer
Klepierre S.A.
Sector
Global Issuers, Structured Finance
Country
France
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

Summary: Klepierre S.A. – 2012/11/05 – US$ 225.00

Klepierre S.A. – 2013/04/26 – US$ 500.00

Summary: Klepierre S.A. – 2013/04/26 – US$ 225.00

Summary: Klepierre S.A. – 2012/04/25 – US$ 225.00

Summary: Klepierre S.A. – 2011/10/07 – US$ 225.00

Klepierre S.A. – 2011/03/24 – US$ 500.00

Summary: Klepierre S.A. – 2011/03/24 – US$ 225.00

Summary: Klepierre S.A. – 2010/12/30 – US$ 225.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Klepierre S.A." Apr 25, 2012. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Klepierre-S-A-964674>
  
APA:
S&P Global Ratings’ Credit Research. (). Klepierre S.A. Apr 25, 2012. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Klepierre-S-A-964674>
  
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$  £  €
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