The two principal objectives of CIR’s financing strategy are to guarantee the solidity and flexibility of the company’s financial structure.   

To ensure the company meets its financial objectives, management varies its use of leverage, measuring the contribution of various sources of financing on its investment activities. Leverage is calculated as the ratio between net financial debt (bonds emitted minus cash/deposits and financial investments considered liquid) and the sum of investments evaluated at fair value (shares and the remaining investments in financial instruments).

Management’s objective is to maintain this ratio below restricted percentages. Currently it stands at 12%.