At a glance
Financial position and financial management
| £44.5bn | £4.0bn | £22.7bn | 3.1x |
|---|---|---|---|
| Total assets | Net assets | Net debt | Interest cover |
| 50 years | 58% | 60% | £4.9bn |
|---|---|---|---|
| Longest maturity of our borrowings | RAV gearing of NGET plc | RAV gearing of the regulated transmission and distribution businesses within NGG plc | New debt issuances |
| Baa1/BBB+ | A3/A-/A | A3/BBB+ | Baa1/A-/A- |
|---|---|---|---|
| Moody's/S&P and Fitch senior unsecured credit ratings for National Grid plc | Moody's/S&P/Fitch senior unsecured credit ratings for NGG plc and NGET plc | Moody's/S&P senior unsecured credit ratings for National Grid USA | Moody's/S&P/Fitch senior unsecured credit ratings for KeySpan Corporation |