REPOWER GROUP REPOWER IN SWITZERLAND REPOWER IN ITALY JOBS & CAREERS CONTACT IT DE EN ABOUT US Company Strategy Media Investor Relations News Maturity profile and financing Financing policy Net debt Credit ratings Maturity profile and financing Maturity structure of the debt portfolio at 31.12.2020 (CHF m) You'll find further share price informationen on the online report: FINANCING Financing policy One of the means by which Repower manages debt is by targeting a net debt to EBITDA ratio of 3 or lower in the medium term. It has set a target corridor of 2 to 3. A study by the German Federal Ministry of Economics and Technology gives 3.5 as the figure that should not be exceeded in the longer term if a company wants to avoid problems, for example with expanding credit. Repower’s policy does allow it to exceed these target figures for limited periods of time, for example to implement necessary investment programmes that have a negative impact on the metrics. The equity ratio must be kept within the 35-45 per cent range. Net debt Net debt ratio Breakdown of net debt/net liquidity Net debt Breakdown of net debt 2016 – 2020 Credit ratings Credit ratings from agencies have a major impact on borrowing costs. The better the rating, the more easily a company can access the debt markets and the cheaper it can raise borrowed capital. The successful capital increase and the improved operating income for 2016 and 2017 have resulted in a confirmation of the investment grade ratings by UBS, Bank Vontobel and ZKB. RATING AGENCY LONG-/SHORT TERM RATING OUTLOOK DATE ANALYST PHONE/E-MAIL UBS BBB- Deteriorating 21.04.2021 Alexandra Bossert +41 44 239 14 76 alexandra.bossert@ubs.com Credit Suisse Mid BBB Stable 08.04.2021 Daniel Rupli +41 44 333 13 79 daniel.rupli@credit-suisse.com ZKB BBB- Positive 27.08.2021 Armin Rechberger +41 44 292 39 51 armin.rechberger@zkb.ch Your contact Lorenzo Trezzini CFO +41 81 839 7111 lorenzo.trezzini@repower.com CONTACT © 2021 Repower ABOUT REPOWER STRATEGY MEDIA INVESTOR RELATIONS NEWS CAREER ONLINE REPORT AGENDA DATA PROTECTION WEBSITE INFORMATION Repower AG Via da Clalt 12 CH-7742 Poschiavo Switzerland Contact form Locations Cookie consent This website uses cookies that help the website to function and also to track how you interact with our website. But for us to provide the best user experience, enable the specific cookies from Settings, and click on Accept.Read More Preferences Accept