IGD’s net debt as at 31 December 2023 stood at € 968.4 million, lower with respect to 31 December 2022. Debt is totally long term, consistent with the long term structure of the asset base.
We have gradually reduced our bank borrowings over time, and increasingly gone directly to the debt capital markets. We intend to continue to use both sources of finance, favoring unsecured debt. At 31 December 2023 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 2023, we had €101.6 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 | 17/11/2023 |
| S&P Global Ratings | BB | Stable | 07/02/2024 |
