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 topics


Stakeholder groups

G) Access to affordable energy



Objectives and results for creditworthiness

Credit rating

Result in 2022:
S&P A+/A-1/stable outlook
Moody’s Aa3/P-1/stable outlook
2022 target:
To retain a solid A rating profile

S&P A+/A-1/stable outlook
Moody’s Aa3/P-1/stable outlook in 2021

FFO/net debt

19.2% 2022 result
≥ 15.0% 2022 objective

25.8% in 2021

Interest cover

12.1 2022 result
≥ 3.5 2022 objective

17.2 in 2021

Net debt/(net debt + equity)

43.8% 2022 result
≤ 60.0% 2022 objective

36.7% in 2021

Solvency ratio

49.0% 2022 result
≥ 30.0% 2022 objective

53.8% in 2021