As a major energy network company, we have an important social function in Dutch society. Consequently, our social, financial and sustainability performance plays a significant role 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 information relates to the topics the stakeholders feel are important. Furthermore, these activities contribute to achieving an SDG:
Related material issue
H) Socially responsible investment policy
Contribution to SDG
Related stakeholder groups
Customers, shareholders and investors
Objectives and results for creditworthiness
Credit rating
Result in 2020:
S&P AA-/A-1+/stable outlook
Moody’s Aa2/P-1/stable outlook
S&P AA-/A-1+/stable outlook
Moody’s Aa2/P-1/stable outlook
2020 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 2019
FFO/net debt
24.1%
2020 result
≥ 20.0%
2020 objective
29.0% in 2019
Interest cover
14.2
2020 result
≥ 3.5
2020 objective
13.3 in 2019
Net debt/(net debt + equity)
38.7%
2020 result
≥ 60.0%
2020 objective
36.5% in 2019
Solvency ratio
53.1%
2020 result
≥ 30.0%
2020 objective
55.6% in 2019