We are using cookies to improve your user experience. To continue using this website please accept that we are storing and accessing cookies on your device.
We do not have specific debt ratio targets, but aim at having a medium grade credit rating. The only financial covenant is to have a debt to equity ratio below 1.4. The ratio was 0.30 at the end of 1Q 2018.
|NOK million||31 Mar 2018||31 Dec 2017|
|Bank loans and overdraft facilities||1,336||874|
|Unsecured debenture bonds||1,998||1,968|
Yara has official ratings from Moody's Investors Services (Moody's) and Standard & Poor's Rating Services (S&P).
|Rating agency||Date of rating||Rating||Outlook|
|Standard & Poor's||2017/11/21||BBB/A-2 (since 10/2007)||Stable|
|Moody's||2017/08/03||BAA2 (since 11/2004)||Stable|
|984851 AC9B||USD||7.875%||500||Jun 2019|
Below you will see the maturity profile of our debt. We have substantial undrawn credit facilities which provide financial flexibility.