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Investor Presentaiton

Financial Ratings MOODY'S << Aa2>> Stable Outlook Short-term credit rating: P-1 Date: February 2020* "good operating performance >> << strong governance and debt management » << unquestioned market access » << sound & secured liquidity profile >> Fitch Ratings <<AA >> Negative Outlook Short-term credit rating: F1+ Date May 2020* ☐ ☐ ☐ << sound operating performance and strong governance « strong capacity to self-finance sizeable capex >> << conservative debt and liquidity management »> " « the region's financial management is sophisticated and prudent, particularly in terms of its forecasting ability, which allows Region IDF to control its annual budget and debt commitments » A «< satisfactory deleveraging capacity » *îlede France *Agencies' ratings reports are available on the Region's website O Direction des finances - Région Ile-de-France 21
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