As a major energy network company, we have an important social role in Dutch society. Our social, financial and sustainability performance is of significance in the considerations of shareholders and investors. Having a sound financial position enables us to perform accordingly.
Related topics
This chapter details what we do to ensure that our financial position is sound and remains so in the future. The reported information relates to the topics that stakeholders feel to be important. Furthermore, these activities contribute to achieving an SDG.
Material issues | SDGs | Stakeholder groups | |||
G) Access to affordable energy | Shareholders | ||||
Objectives and results for creditworthiness
Credit rating
Result in 2021:
S&P A+/A-1/stable outlook
Moody’s Aa3/P-1/stable outlook
S&P A+/A-1/stable outlook
Moody’s Aa3/P-1/stable outlook
2021 target:
To retain a solid A rating profile
To retain a solid A rating profile
S&P AA-/A-1+/stable outlook
Moody’s Aa2/P-1/stable outlook in 2020
FFO/net debt
25.8%
2021 result
≥ 15.0%
2021 objective1
24.1% in 2020
Interest cover
17.2
2021 result
≥ 3.5
2021 objective
14.2 in 2020
Net debt/(net debt + equity)
36.7%
2021 result
≤ 60.0%
2021 objective
38.7% in 2020
Solvency ratio
53.8%
2021 result
≥ 30.0%
2021 objective
53.1% in 2020
- 1 For further explanation see Changes in financial policy.