IGD’s net debt as at 30 June 2022 stood at € 1,001 million, slightly higher with respect to 2021. Debt is primarily 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 30 June 2022 bank borrowings accounted for approximately 50% of the total debt, as well as the debt capital markets.
At 30 June 2022, we had €111 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 | 16/09/2022 |
| S&P Global Ratings | BB+ | Stable | 08/12/2021 |
