Investor Presentaiton
A Stringent Credit Policy
Loan granting and pricing are based on AFL internal scoring and credit analysis
Distribution of vanilla
loans to local authorities
♥ Long term loans
Long term loans with
progressive cash outflows
Bridge loans
• Short term facilities
No structured products
Stringent membership and
credit policy
• Membership only possible
for Local authorities with a
minimum score
Membership and guarantee
undertakings necessary to
get a loan
Ceiling applicable to
loan exposure
Lending capacity is limited
to a percentage of the
outstanding debt of each.
local authority¹
Maximum exposure
Scoring
limit
80%
1 to 3.99
60%
4 to 4.99
40%
5 to 5.99
Loan pricing is based on
credit quality
♥ Loan pricing varies based
on the internal scoring of
local authorities by AFL.
Inon applicable for local authorities under €10 M outstanding debt
17
CAFL
Lo bonque
des collectivitésView entire presentation