KLÉPIERRE UPGRADED to “A−” BY S&P

Core Viewpoint - Klépierre has been upgraded to an "A−" credit rating by S&P, reflecting its strong asset base, cash flow generation, and financial flexibility, which have allowed the company to outperform expectations [2][3]. Group 1: Credit Rating Upgrade - The upgrade to "A−" by S&P indicates Klépierre's solid asset base and strong cash flow generation capabilities [2]. - S&P's assessment suggests that Klépierre has significant headroom for further debt-funded investments [2]. - Fitch has confirmed its "A−" rating with a stable outlook on Klépierre's senior unsecured debt, positioning the company at the top of the European listed real estate sector [3]. Group 2: Company Performance and Strategy - The CFO of Klépierre stated that the credit rating upgrade confirms the company's new chapter of growth following better-than-expected results in 2024, marked by property value increases [4]. - The upgrade is seen as a testament to Klépierre's operational excellence and the effectiveness of its strategy, which emphasizes financial discipline [4]. Group 3: Company Overview - Klépierre is the European leader in shopping malls, with a portfolio valued at €20.2 billion as of December 31, 2024, hosting over 700 million visitors annually across more than 10 countries [6]. - The company is a French REIT listed on Euronext Paris and is included in various ethical indexes, highlighting its commitment to sustainable development and climate change initiatives [7].