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Investor Presentaiton

Internal Scoring of Local Authorities 2 Scoring for local authorities based on a 3-step methodology: 1 2 M 4 5 6 7 16 1 2 3 The best score Municipality of Lyon - Confluence District The worst score For membership application a financial scoring is realized based on 3 criteria: Solvency assessment (55% weight) Budget sustainability (25% weight) Indebtedness (20%) A local authority which is scored above 6 is not allowed to join Agence France Locale as a shareholder For the purpose of loan provision, in addition a socio-economic scoring is performed. 9 ESG factors are also taken into account in the credit policy. Finally, the scoring is complemented by a qualitative analysis* if: ' The financial score is > 5 The requested loan amount is > 50 M€ The debt capacity is > regulatory thresholds (12 years for municipalities, groupings local authorities and EPL, 9 years for regions, and 10 years for departments) The local authority's outstanding debt amount with AFL is > 75% Required Capital *The qualitative analysis includes governance stability, quality of management, off balance sheet items and financial outlooks CAFL Lo banque des collectivités
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