IGD’s net debt as at 31 December 2024 stood at € 806.5 million, lower with respect to 31 December 2023. Debt is almost totally long term, consistent with the long term structure of the asset base.
Following the rise in interest rates in recent years, we have progressively reduced our direct recourse to the market by increasing our exposure to the banking system. We intend to continue using both sources of financing. As of 31 December 2024, the debt breakdown recorded an increase in the part financed by the debt capital market compared to the part financed by credit institutions.
At 31 December 2024, we had €76.6 million in uncommitted unutilized credit lines with banks, as well as committed unutilized credit lines for €60 million, which ensures liquidity even when the financial markets are extremely volatile.
| Rating | Outlook | Last update | |
|---|---|---|---|
| Fitch Ratings Ltd. | BBB- | Stable | 15/11/2024 |
| S&P Global Ratings | BB | Stable | 18/02/2025 |
