A creditworthy company with solid returns

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

A) Energy security for the customer
F) Governance
G) Dialogue with stakeholders



Objectives and results for creditworthiness

Credit rating

Result in 2023:
S&P A+/A-1/watch positive
Moody’s Aa3/P-1/stable outlook

2023 target:
To retain a solid A rating profile

S&P A+/A-1/stable outlook
Moody’s Aa3/P-1/stable outlook in 2022

FFO/net debt


result in 2023


objective for 2023

19.2% in 2022

Interest cover


result in 2023


objective for 2023

12.1 in 2022

Net debt/(net debt + equity)


result in 2023


objective for 2023

43.8% in 2022

Solvency ratio


result in 2023


objective for 2023

49.0% in 2022