AFD - 2019 Universal registration document

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Notes to the consolidated financial statements

❙ Breakdown of outstanding loans (gross value) by rating (excluding loans reimbursed and guaranteed by the State

31/12/2019

31/12/2018

2019 breakdown (%)

In thousands of euros

Sovereign loans Investment grade

16,254

17,251

RC1 RC2 RC3 RC4 RC5 RC6

664

671

4%

5,765 3,149 5,987

5,200 3,519 7,125

30% 20% 41%

Speculative grade

222 469

435 301

3% 2%

Countries subject to AFD’s system of penalties or classed as in distress

31/12/2019

31/12/2018

2019 breakdown (%)

In thousands of euros

Non-sovereign loans

15,911

16,379

Investment grade

AAA AA+

200

300

2% 0% 1% 1% 1% 3% 5%

9

13

AA-

208

176 200

A+

0

A

236 664 695

86

A-

555 761

BBB+ BBB BBB- BB+

1,545 3,031 1,821 1,370 2,462

1,932 2,125 2,323 1,126 2,293 1,014 1,437

12% 13% 14%

Speculative grade

BB

7%

BB-

14%

B+

974

6% 9% 6% 4% 0% 2% 0%

B

1,009

B-

754 340 179 378

920 673

Doubtful

CCC

D

74

D- nk

338

36

32

❙ Age of arrears The age of arrears on loans and receivables at the closing date may be analysed as follows:

31/12/2019

In thousands of euros

Less than 90 Ǿ days

34,465

More than or equal to 90 Ǿ days and less than 180 Ǿ days More than or equal to 180 Ǿ days and less than 1 Ǿ year

4,597

18,530

More than 1 Ǿ year

333,166 390,758

154

UNIVERSAL REGISTRATION DOCUMENT 2019

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