debt

With a net financial position of 2,613 million euros at  December 31, 2012 Edison has a Debt to Equity ratio of 0.36.

The Company’s strategic objective is to ensure a certain degree of financial flexibility and to minimize the impact of financial debt maturities, by maintaining access to existing credit lines and adequate liquidity.

Currently  Edison is rated BBB with Positive outlook by Standard and Poor's and Baa3 with negative outlook by Moody’s.

This section provides an analysis of how the debt of the Edison Group is structured and of the changes that occurred during the year. Information and documents about bond issues currently outstanding and Edison’s credit rating can also be viewed here.