Investor Presentaiton

Rating S&P AA- S&P assesses Navarra two notches over Spain, which makes it one of only two EU regions assessed by S&P with a rating above the sovereign S&P Global Ratings Research Update: Ratings Direct® Spain's Autonomous Community of Navarre 'AA-' Rating Affirmed; Outlook Stable March 24, 2023 In their most recent report, the agency highlights: 1. Fiscal autonomy in Navarra 2. Wealthy, open and competitive economy 3. The solid experience of the management team

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