Being 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.

Objectives and results for creditworthiness

Credit rating

Result in 2024:
S&P A+/A-1/stable outlook
Moody’s Aa3/P-1/stable outlook

2024 target:
Maintain solid A rating profile

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

FFO/net debt

17.9%

result in 2024

≥ 11.0%

objective for 2024

21.1% in 2023

Interest cover

11.2

result in 2024

≥ 3.5

objective for 2024

12.2 in 2023

Net debt/(net debt + equity)

43.3%

result in 2024

≤ 60.0%

objective for 2024

46.9% in 2023

Solvency ratio

48.1%

result in 2024

≥ 30.0%

objective for 2024

46.1% in 2023