debt

Debt profile

With a net financial position of 4,104 million euros at  September 30, 2011 Edison has a Debt to Equity ratio of 0.51.

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.

In March 2010 Edison issued a 5 years fixed rate bond for 500 ml euro, and in November another one, for 600 ml euro, fixed rate, maturing after 7 years.

On July 19, 2011 the company has reimbursed the 500 million 7 year bond euro.

In June 2011 Edison entered a 700 million euro revolving credit facility senior unsecured; the loan has a tenor up to 18 months and it has been subscribed with a pool of national and international banks.

Currently  Edison is rated BBB- with Credit Watch Negative 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.

Last update: 06/12/2011

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