New financial targets from Vattenfall’s owner
Vattenfall's owner, the Swedish state, announces new proposed financial targets for the company. The new targets will be decided at an Extraordinary General Meeting on 28 November 2012.Capital structure: Vattenfall is to have two targets for its capital structure: • Debt/equity ratio of 50–90 per cent (financial net debt/equity) • FFO/adjusted net debt of 22–30 per cent (funds from operations/adjusted net debt) Current capital structure target: • Long-term credit rating in the “single A” category from both Moody’s and Standard & Poor’s. • Cash flow interest coverage after