Debt and credit rating As at December 31, 2017, the net financial debt was 116 million euros (1,062 million euros, as at December 31, 2016). The sharp reduction derives from the disposal of non-strategic assets in 2017 and the positive cash generation from operating activities. Edison’s strong financial structure will therefore support the company’s strategic development plan in renewable energies, final market and energy efficiency, which began to materialise in the first half 2018 through the acquisition of Gas Natural and Attiva Spa. The Debt to Equity ratio stood at 0.02 (0.17 at December 31, 2016). Currently, Edison is rated BBB-/A-3 stable outlook by Standard and Poor's and Baa3 stable outlook by Moody’s.