ࡱ>  Ybjbj-- 46OOH8\z,:****^z$1,3,3,3,3,3,3,, /1_,^^_,**4t,6**1,1,V$@%%0l^$ ,,<,$Tn2n2%%%%_,_,,n2 :   FOR IMMEDIATE RELEASE CONTACTS: Grace Panti-Amoa Rachelle Morrow Associate Financial Analyst Senior Manager, Public Relations +(44) 207 397 0331 +(1) 908 439 2200, ext. 5378  HYPERLINK "mailto:grace.panti-amoa@ambest.com" grace.panti-amoa@ambest.com  HYPERLINK "mailto:rachelle.morrow@ambest.com" rachelle.morrow@ambest.com Sam Dobbyn Jim Peavy Associate Director Assistant Vice President, Public Relations +(44) 207 397 0264 +(1) 908 439 2200, ext. 5644  HYPERLINK "mailto:sam.dobbyn@ambest.com" sam.dobbyn@ambest.com  HYPERLINK mailto:james.peavy@ambest.com james.peavy@ambest.com A.M. Best Assigns Ratings to Garant Versicherungs-Aktiengesellschaft LONDON, 22 November 2011A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of a- to Garant Versicherungs-Aktiengesellschaft (Garant) (Austria). The outlook assigned to both ratings is stable. The ratings of Garant reflect its good current risk-adjusted capitalisation, improved operating performance and developing business profile as a niche political and trade credit insurer. The ratings also reflect the implicit support provided by the companys majority shareholder, Office national du ducroire | Nationale Delcrederedienst (ONDD). A.M. Best believes that Garant will maintain good risk-adjusted capitalisation supported by good retained earnings in 2011. The companys risk-adjusted capitalisation fell in 2010 due to increased premium risk as a result of the rapid growth in net written premiums (2010: 46% growth). Premium growth was driven by the increased demand for trade credit insurance following the financial crisis. Garant utilizes an extensive reinsurance programme primarily for capital protection purposes. The reinsurance programme is placed with internal group companies as well as external highly rated reinsurers. Following the financial crisis, Garant has shown strong signs of recovery in 2010 and reported a pre-tax profit of EUR 1.1 million (2009: loss of EUR 1.4 million). Third-quarter 2011 results are in line with expectations, and the company anticipates a solid pre-tax profit at year-end 2011. MORE 2 Garant operates as a niche political and trade credit insurer specializing in emerging markets. Due to historical developments, Garant has a good business profile in the Russian market as an insurance provider for political and trade credit risks. A.M. Best believes that the involvement of ONDD, which has an 83% shareholding, will further develop Garants business profile, as well as provide additional financial flexibility. Given the number of new entrants to the political and trade credit risk insurance market, rating conditions remain competitive within Garants core market. As such, gross written premiums in 2011 are likely to decrease slightly as the company seeks to maintain underwriting profitability. The principal methodology used in determining these ratings is  HYPERLINK "http://www.ambest.com/ratings/methodology/bcrm.pdf" Bests Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Bests rating process and highlights the different rating criteria employed. Additional key criteria utilised include: Risk Management and the Rating Process for Insurance Companies; Understanding Universal BCAR; and Understanding BCAR for Property/Casualty Insurers. Methodologies can be found at HYPERLINK "http://www.ambest.com/ratings/methodology"www.ambest.com/ratings/methodology. In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: HYPERLINK "http://www3.ambest.com/emea/ambersdisclosure.pdf"A.M. Best Europe - Rating Services Limited Supplementary Disclosure. A.M. Best Europe Rating Services Limited is a subsidiary of A.M. Best Company. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit  HYPERLINK "http://www.ambest.com/" www.ambest.com. Copyright 2011 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. ####        !5DEN`acsú{rfrfrffZRh[BCJaJjh[BCJUaJhhqhJ5CJaJhJ5CJaJhM5CJaJh=C5CJaJ hRqaJhhqhJaJ hJaJ h 3aJ h[BaJh\ ? A G h j p q r s z   R S i ݪݢݒwh9Bh/CJaJh&zCJaJh% CJaJhR0aCJaJh CJaJhTCJaJhX]h!CJaJhvCJaJhhvCJaJhh8]5CJaJh/5CJaJh/CJaJh8]CJaJhh8]CJaJhRqCJaJ.    ? @ Q R e i j r {  4>G_ºʲʪҢҢҢҪzh?MCJaJhCJaJh7CJaJhS\ICJaJh(CJaJh)CJaJh_CJaJh&zCJaJhfCJaJh% CJaJh}GCJaJhRqCJaJh CJaJh/h/CJaJh/CJaJh9Bh/CJaJ,_=>yz%.h𽯧||thMCJaJh2 CJaJh1CJaJh]rCJaJh_CJaJhX]h8]CJaJh/CJaJhCx-h[k5CJ\aJh&zh}GCJaJh7CJaJhRqCJaJhS\ICJaJh CJaJhDCJaJhfCJaJhfDCJaJ, d?DtdUU$d7$8$H$a$gddCd7$8$H$`gddC d`gddC d`gdJ d`gd&z $da$gd[k$d7$8$H$a$gd[kMdEƀp`gd_   )@$3<_bcdhººygy#jhfhJCJUaJjhfhJCJUaJhfhJCJ\aJhfhJCJaJhh8]CJaJh1CJaJhfDCJaJh]rCJaJh6ECJaJh)CJaJh&zh6ECJaJh CJaJhGCJaJhfCJaJhX]hfCJaJ#4567!"ABCHyzZ[Ĺ}k`TC jhsLhdC5CJUaJhsLhdC5CJaJh05CJ\aJ#jhfhJCJUaJh8eACJaJh] CJaJhdCCJaJh5CJaJhtCJaJhMCJaJhfhJCJ\aJhfhJCJaJhfhJB*CJaJph hfhJ>*B*CJaJphjhfhJCJUaJhfhJ0JCJaJ[01)ѷoUoDo5hhdCB*CJaJph hhdC>*B* CJaJph2jhhdC5B*CJU\aJph,jhhdC5B*CJU\aJph#hhdC5B*CJ\aJph hhdCCJOJQJ^JaJhhdC5CJ\aJhsLhdC5CJaJhsLhdC0J5CJaJ jhsLhdC5CJUaJ&jhxhdC5CJUaJhdC5CJaJ)*>?CDEFGHIKLNOQRTUVWXY³xqmhP hOhOj hUhN#xjhN#xUhJhSGyaJjhlhN#x<CJUjhlhN#x<CJUjRhlhN#x<CJUhSGyhdC5CJaJh0hdCCJaJhhdCCJaJhhdC5CJaJhhdCB*CJaJphDHJKMNPQSTVWXY $Pa$gd3$a$gdOgdJ 2&P:pr/ =!8"8#@ $%  DyK grace.panti-amoa@ambest.comyK ^mailto:grace.panti-amoa@ambest.comyX;H,]ą'cDyK rachelle.morrow@ambest.comyK \mailto:rachelle.morrow@ambest.comyX;H,]ą'cDyK sam.dobbyn@ambest.comyK Rmailto:sam.dobbyn@ambest.comyX;H,]ą'cDyK james.peavy@ambest.comyK <mailto:james.peavy@ambest.comDyK yK ~http://www.ambest.com/ratings/methodology/bcrm.pdfyX;H,]ą'cDyK yK lhttp://www.ambest.com/ratings/methodologyyX;H,]ą'cDyK yK zhttp://www3.ambest.com/emea/ambersdisclosure.pdfyX;H,]ą'cDyK yK Fhttp://www.ambest.com/yX;H,]ą'cDd F  3 "@@Dd X  3 &nav-mrkr1"@@Dd F  3 "@@Dd/8$x  c T&a~A0PR template_AMBE_Page_1R5Z4H>^ F5Z4H>JFIFAdobedC ##''$ %'% $('++++'()02520)7;;;;7;;;;;;;;;;;;;;; X" }!1AQa"q2#BR$3br %&'()*456789:CDEFGHIJSTUVWXYZcdefghijstuvwxyz?Z((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((*+2J:gQ?*J4Vg, ~?E/rп!Q /B/SErrtcpi/~UEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQETW7QYFdug!@Mst[g3>x/~3ZǏ"߮1/i[Du#9s5[]E{'WSѐu-CX-4/Kl ܐOX/rп!Q /B/G, ~?EKkF"|E$,p:tTQEQEQETW7QYFdug!@Mq:>Zu˜q^j}TmTmsėZn+K:ieί(F=t ASH;s6U|d; 8zOý#IB%lZog'?tQ뢊$ UO(((]>$nvAGVI ۖR 5M EO@NwcKe$2U;^1Lz5i?ۈ`9@+ӎ}}{VUM#l=p~' O]QEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQE|Kѩ^W4}I{9`hpkإI:`r=4_my}9Ex/ G\FI\%Q] I\FG^_<麥EB#Qcq>vo2AĪp$WG 5W(ns&[;\Lc՗_K{KʺS!GZ5uo>4lc_\QE2Xu+yd8TRz(^,+f(88O^s$XDD dz+G}S}gR5,OpUF#"/⋟ \r#=B;Lַ1Ēra֥(c*ōd4,QXwk|Ixs4XYx9|+wG.뼿1.(a; ?뻯 !ۏg)h+Ǿ1R?2J(RO2:("Ũ@ n8C<*Vog츏c5QTZ&8<>ׂķ^&2Lh-E'8 qζAHǢ,N9*"~k.x_ \c$a)xy8#h+Sů(((+ o fdrW=78l^Ax3n$3v>k:+<Kjx)8f~o>iDB(#XvQ׀2}OO&V_Emo>} O:y?70AAEp𸴿?<cwMj9ysrث>%헅FfP R0IY?𸴿?<c㕲<Ӣ㽑]Z0$'Ӯqj=8۳:~?*{N'G8ރ91}7GhYdrфe!0 /\Z_Q Ks1|5[۴Ы* طZE;Ƕu bDc9<;s~ &6$$}q\WUᏈw![6 O׌^Ǣkv Yl;;`(((((((((((((((((((5+¨riWH6KBL$\c ~5˧u5)p_%rz wH2,hæC8{7+M }$]4/Ȓt´п"Kn)-Wa;$c[5ˬ3>j$L/s?ax^Z*nl–}1WvQ<*)v=pd(|xE 9?[u?Zt b%D\z泼 e[&vę&?3ⶬv0Cf l`zj_xZ/أٔ+C'3WkQ7ncysw@ 5 5%"[VJ((>vڼM^1U38>sBQbX_d(\p|ּSXfloC#m7uVLg;: {?)u]э[ ;M~M".YyHIiϿD>_.VI;M#lR7$DU)(i!i֊({# $OA)UtgfiϿD>_.VICM%2E'sL}+f+>Aq {RâۜN3[=K&\x:`pA5j6̀U=p#5bz 6(?6r3I't-' ,@U$_AkÖXc>y6rO8\3Z4B/PYJp?x}~[˖$V/Բ|zMl AqurWWh?k yd,Fw2Y=´п"K B/R>ѬIc N ]QEQEQY"Նa5QI\Fƒyb|us%,,]L9=**(>\> ۀBvz`6J(uTɏ|K[F$'?pWrzW_5<1Ff EJWg?~ H#"q}2OE"9Y H;_vO97C|5-崲L3МZlv9ƐQ onychl;]Jʲ3*xfm :C t?6"# [!x08¿\/ĝ@HbnK"}+?cIysot0v>iDbM[yf?JEU{i edR :C_<kr۶srU:(ƺ6Iȅz2 ^EQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEW1/@WFxU\^%9+2 s Յ&\;<~5˧u5)p_%swF-}EQ^_ rCF8 ^}+{[bIc9WPzd0X:_> ݌NW{t01O^x{OJήH .|mG,bF_/=m?#sߜ/_/5맢;(Y 2zW>"Վ5\ƒ8PgQEt9R&@vB,c8׻EQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQE|Kѩ^^qix6 egawk ?8; Ӯ#-+zeNFk[bIc9WPzd0^m]?ӯ1(!H+-_1k(>,ٽ֑GljhhύA3Dǟnk'DFϠ/uzw_@ O4֮QI }dPn+-+BNc!s'~N=?!^usO, ]\=+6^]O-sz%p_lD|s%~Uu9nX/'޼w׎mm#G袊((Ӿ ڕW|F5WhY#Q2'1pF>|7?<z+{?)u]э]? I\FG^EQ^/CE% ?;om?S׺EW|bdx_B/EQE|^˧$fqTNO8 x})afup%cUE\(|fuĐfFLzGlķ̫*N_W^_ rCF8 ^}+<oDnᕿh唀=v(+ +ǫ .Eֵ((((YX;rXT ;89+O TI{@,ʻ'Gm"d OrNI~x%K?Aݛ3zz|5;c7|۝[OjQT5}vB}̋=3(88Wxω . MN+wLc n߁Gz׳x_2Hzv'f(((((((((((((((((((c_?Jv(WYQL^/fuĐfFL{_KJ@3v89?a|jOkk+Ǿ1R?2Jmnd%ᑃ낧#t_q!Q /]^\[RWZ+ƶi}\Xq5{OkǺ61CsXep Lx$lǶOkMڵ|G/đ@*['~߄w1c$Lrץ,t`H1q'?V~rgb,Xҭ!i9,B}P.?:ꪮEI+"=8z{yAOcz^:u]WB &^7?xIavvFВO?xrnp[]E{'WSѐu-QEWu+ƿ|ݟdz7ޮW:_Y:ŋM6[R06:zy"P2I=|/ I6 ҁ . t먯Q!K/jG. Lϱ' [q!Q /]^͠{ao,,FzdzU)(i!i֊({# $&K)RX:*r:E /]G,w~?_Eq? ˽~}%(x@zԅ >bG[/ b3$31{xWč37X dīs|ǩ0QS"mY3q(/5V_4Kfg_aЌG3i43)GCS#ߨh5]$wuYyxR+wQyTzפEQEQEQT5} ]ek 3t<08< Rg.^G_@\NWEɒ*7|ol:¢/qo! gnlwC -e oJ`cL>mN[;S8~3ztjQEQEQEQLT f'ԓ\HG3 ['X*ח%%7ё y[ ;8㩨[kYodČz*㞂'~!Bnr3vv;}  0>nr*OD [?vD DU@ `:)QEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQE|Kѩ^^@VFp_g 9$}wo__I=HۜHGzZ:r_/[i/eHg`:d]+Mw}$_]5ȑt´"Eפ6 61V'Һ+拫i,xdb:^ZW)tBN{~B~.\>NLq*??aZ?,.&$ETύQEQ_1ի-.RϑɷgzgUEOI; 9MFgkS\<_y Ge <Wx_)bFz=fƨ}_l.2  ]G+Mw}$_]5ȑu VH0hî _ !ۏg)h+Ǿ1R?2Jmm"e(t_5ȑt´"E ]^C,+Re[?J(G^iH˿\0=;yBmCz+5_.-ud>?3We*K#SNGZJ;ؒXU: 2:ԴVNk.#pol+:MJܬ:o^>>NpFѱTObPZH ~9gF؏rT V ЃO{KWPw2duz>/.VH>xCR/[);.XWEQEQEQEU GA’72sѺ|&."||DvGS_c^|,֭\Ec;ϰsZBk)#\z?k$w?ߎsggWB˔;0~!AVݯƏ%U+ ߏzť9jп!SE r(ԕ}MhQ?*J4TW>1m#.Q?ϧLUYz9➋j8ڈ~}럌 1C+7`~aV5k1[u3ILcX5ؔF15Q1\}w}+'캧{{|$;sϯOzgj %>}ʟƵQ#VoG&kuDQԗ_tg}M|1?4swtVֱYF#tT@=KEx~suKoyrT̲QNFQ2J2% ԯ ui +i^S?" $]oaÝ}Ge*K#SNGZ/WL]=p"3^q_NQ^=BђW1 ZxbQEWx?XL˙3L~[?cV*H_)o^hk/s3@GnkоDM$L df|Y{#x#H9N?\G2Z6W\ʜץh"܏t khoe^XчLpJ6(3 9k<}k% ,y%=1ޘ# u\[+,??q^EQE|^W^ԯN0p3(tqS#ۨ5{m9䍹hr+KU1ؙ@7/ fwG.뼿1;!I?h+¾%v褣mzZ(_/ R(oj?ZUĹ`BRC?ȧXWϕxƚ-G!F#j|:ݻS Ks1{/$0 ( ó7uoihe4y6tWך袊yaoIYu 3^U z,k!$dfpOQoW|%~ץ\[ܖm\'/]E^=_Dx_Av/EQEQEQEQEQEQEUu,y$sU|g2U_KX?Mf´п"K B/Lᎇ"!*H#py2=X;It?J/3AYp}ȊiϿD>_.bI#>W?WbG*(z (("u3,ְJ' +4d`0^еۘeqt6HO@34MfRz<[Xաy#oܻ##b9 Q^EWMFH\+#c`kN+/jWW AqurWW]pEjQEQEQEQEQEQEQEQE]k.oٷ`p}}+R(Cn9`滘닔QEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEW1/@WFxU{O[O׍[M.vА;ݽ}.r_/ R(=̇2GJإx:`pA4CF}:\ƈP*̱$Qe`C)hw"LHI?kh/b9!gazwo>2YJpS־5{hdPç:CV+yd8TRz(_9jWRύcsobq=k3nUbS'qݺ:(+:lzu_;qlRQCE={?)u]э]? I\FG^EQ^/CE% ?;om?S׺EW|bdx_B/EQExkߵk ǔs#Ϸ\Ɨeu:ǻ8־YM:hPbkag*p=K(:׸W]ڢʪ@0Y2ۅ cú0- x`3*H"'@C+U ꆻǡYr8=p2H_9WӼg!+=Y{ +ǫ .Eֵ(((((UKZ USn$&]_]r'"s'|Fߢk' ,@U$^7$,>vn| [QEWuJ+Ǿ1R?2J|s%jpL_A_;B__NNrѱ܌T"QO*J5OQ F?S?Oz֥>Wof|g2Oz%xWĿ?]Ke 'daѐ#ׯu#WS*;&m/|i68%xi)ia;G%?Ckkī'haUe8 ?uӧEux( N"h68{c5cc62 w8U=B#ЬNDky'$v|b\\գ("\̪Q#?S~TQO*J5OWQEQEQEQES4-%lbE+7`cȯ;,V2y%Zߘq?gMYGmqؓ^Bgנi5RZΘ>kuC6>pb l. ,ܤm]pr{^x<7ḥZmJ7#L\ސgnHb/_{+?$WjȪ>o$ĞBz>I:}_{"O-esI}8 d6gj10S$mHG- ?om?k@VFs#KT V Ѓ^_uټ:gT?('*q+'AxsO:uC: :!An 9=[Xw~\ f@KwL+c?6TJ=ڮx)lЖc*AA1ZRURc5Mu1*7%\q۽j̭n_BhVk\"kZQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEV7yu6[h}/>WVy)SzA}IxZC+7/ErvnOs s(+ǿNO7]]xOٷ,~*ޮƊ~ xKJ9WV떋IaVR yt u&¿h $W>ۀ?'X*~jZ$Gu>pHTNO7G)SzA}I;H??uO''l?s~s_Wc^m-OWۀQWJ;H??uO'= t?ԟnOx ׯ4+FS,NK)k|SzBa>r3ޮo= t?ԟnS wTRkRWnBwZŷtэNzqּ= u>mDŽc34xLn@ӷ^x먢> bBauV}=6w}c)NەHǖ7G{}={Ѡq[A;nU#X#1!Z6g2&~}-đU hk~66sG_Glc߿fstBE]eY c, Ϊ1򤥷(AN6oެ|39fǟ %a,>ϿfqƏ_>=fwyh3@9TQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEVt#`rs L##4J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~TQ?*J4Q F?P?(G%_AcK?Ui/~U~+đ:08㨩h((/iē< |_='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;It?='tnS_ wKQ?N?7G)/zO}G;Iuh*|1nz(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((+Z,@|l$d6u-ŞG Wv |s]\?įj:#ڥiKUhں\c.p<0">"xAE8F8wkpGg==/SXavs`0A[W:]eO/k?ESޫֻηq)Th_˾3cO[)loح8o]KE5Aq۱K _1yCG_q89&[ oP/Y$n.  6$Eik,;i6!N3U|5+6o66^zzWmkD#o`3n'}+] -c(BpG?KO%Hu-YX>RG1RSXavs`0AG59}&im6"t5i RmO+{mS3#O w-&c2)x&Q2Ọ>Y!Ztj ]qqf%o-n+p=?_'lhwvQ [!,xa_\eaq,g Hz:'ᨵXu~ȉҟ[iX#PFўzx/~~>˝mnݍ?NٮX5+C[^}B৔d?r:ֱ6yH$#;%m(ɎN qo\ՠnIv"0YxR0T9z#k35mͲ {0?7w\%ljo/"LAgjo7L/=~mk:T%xQ,ܫJ\ X@ wV7u yw: -1˼]Â89IC[E>~W{x[1ékvu3D)MO|cOZnu]b;Pyqm={ֺks< f=dPx |W[7AMoms&cuE.G![SO=鰿bi6$P|Árp ;zT! ťvvq.$|qǜr?.?SwĢbt "p<Î==ј !g')9?֦[ p!f;)zdkzrJP*]eQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQEQ\Ե{[d!̌IulvCnAzfmwo4N/p|>ӄq+!M+Hj֘I؄Onr} $mV {댽TAuLvpI<8_1o0qyS i +i^z+>jzI5#؜aWkػ?q<mۏsX^+Ե8{Ice>[# ǮWY\Nj|%.,wvyW1`#v}Oc`A:_xIrn,VdU99'uwQۧJܖQ˘2X>xy Ac ߶O>4?)[O\6۹$6b$s)l>/NIP+Fʪ}һ:.Y|]5ďtUzV7t8|Cs[7gco 9>ko:ԫL_k.NxTU~.O.:袊((((((((((((((((((((((((((,rTN&i_jW#t*>ԏ+?.yhWZlooHr]OhPX@E3o%{X7$ev;dvA]5/&AVe2F8V؏ARiH%Y/I#$O#}q|4ѯZ>-mhUU|[խ^Yn`\˱D§ҷuj3AbYdqKAs"9ǔ$w2G#vvuv?/rsFi}SAE@pF.zV>4KuVH^0*F |.G^ 8aCK%)6*BGN#G넿-3z +S^?_"iWnF8/\c]@l($U7Kc y${p@#eҤ  s'ۀ <Ѡ1IQuX ~ŶR?ʭ@-F}~ezթv,B]6HC<ˎX.yqC.O.:s, 뀯=+c^?_"4}r_l6p=兾&dPs0Ϯ S_KX?MZt${ULpUG넿-3zɥ!)lkā*lc*u#A3 ?\߅>Ac*ǖxi8PVĿ\?xEka&;؞)Uԣ 0zW\:gc!q,w.Y0>mǐEw(n,$$#̋$!@KefYOٌRy sӮ+ ͵~!#R:i:nv <Ԛ(42P2I(po2 J p\fi=,{.#66,p/N>FĐi(*P0+in8\,높@qUt=fpMIˌ Q-8W8GrY}R M:&9ppơ\ps|RM;C +'5 /B/SkKf%0"Ü)'2h`'Uv\zE]zqkm KSmPT,9oGB2G{\Ļd8T\x[/rN bH܍9#g4!~!4 /aZ77ma·z H:Gg,1|2I'vy527/ _Z5l)G넿-?4I r) tg4bu ;gjtJWwTԾ&+6v.~>5_v'瑗iG7;nrF3`i[g%=~f%2N=-mhUU|[խ^Yn`\˱D§һm3N:۝vH:O%@+.hK*B*@ @ 3 Pied de page  !F^@"F MMq Normal (Web)dd[$\$aJN@2N $LTexte de bullesCJOJQJ^JaJPP@BP q)Corps de texte 2$da$5CJNVQN 0Lien hypertexte suivi >*B* phZObZ J Char Char =0: =0: d CJOJQJDOrD NTBullet  & FxaJmH sH tH PK!pO[Content_Types].xmlj0Eжr(΢]yl#!MB;.n̨̽\A1&ҫ QWKvUbOX#&1`RT9<l#$>r `С-;c=1gL>Gyi mBTΑ_. zN IFv_uN^ੱ[ 9S[5l|Eʌvm1J5lkke A:o:5 A6]l5lŔ3h^/^BF8_) .5ňr^%=( EdxHdȉm`Tyc13DI&[{{Oy'w޽EJԳ>|vS7^T|?~BLy_?|G}shXHwy,4+x_Nb#RJ#RfqB_ 6š}Ww,1<ޖgW2Fی;Y<{r>:tA8I\*;1ܣ(()z0vu]p&HzFIɀ l 2qٽuym$TZ4^AcJhkH.#Tq]!!X V~Z;tH.ɁK5X:1J2OҸ}W@"oI|!([[>$e4Aԛ1w fV'tn5ԭ^E;;~~Z/8~][ઙSzt{0׿;oq f7Msy^=Kvahjd6z۝u}9okO؃A%M td{\gא'f5Y0 I}orGL)'PK! ѐ'theme/theme/_rels/themeManager.xml.relsM 0wooӺ&݈Э5 6?$Q ,.aic21h:qm@RN;d`o7gK(M&$R(.1r'JЊT8V"AȻHu}|$b{P8g/]QAsم(#L[PK-!pO[Content_Types].xmlPK-!֧6 -_rels/.relsPK-!kytheme/theme/themeManager.xmlPK-!2+theme/theme/theme1.xmlPK-! ѐ'2 theme/theme/_rels/themeManager.xml.relsPK]- Y 6  X _[)Y  DY <W).Yp 4 ZYXXXXXXXX@ @H 0( B-07  0(  B S  ? _Hlt443124699 _Hlt269390427 _Hlt269390428_PictureBullets DZ@@r GZmr)*|AGHhjp!'IW   DGHHJKKMNPQSTWZ>DGHJKMNPQSTWZ:c(>oS(@y1Lh^`OJQJo(hHh^`OJQJ^Jo(hHohpp^p`OJQJo(hHh@ @ ^@ `OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHohPP^P`OJQJo(hH^`CJOJQJo(hH^`CJOJQJo(hHopp^p`CJOJQJo(hH@ @ ^@ `CJOJQJo(^`CJOJQJo(^`CJOJQJo(^`CJOJQJo(^`CJOJQJo(PP^P`CJOJQJo(h^`OJQJo(hHh^`OJQJ^Jo(hHohpp^p`OJQJo(hHh@ @ ^@ `OJQJo(hHh^`OJQJ^Jo(hHoh^`OJQJo(hHh^`OJQJo(hHh^`OJQJ^Jo(hHohPP^P`OJQJo(hHS(c(y         *         ,1ab\LV %-nG?M >bm  j* K< ZJ S g2 q % w/ ^E  " E 0` 9 > CY I CoufgBfCg/@7FXj  3oQaC2aRVpFz~9\S(,48C\_/\ >'OUcQ1zmOu9KmXvM)]  EO "Q5"F"2$" &e&`&Z'Cf'7( ("(a)()q)Wp* ,',$f,].-/F]0n0UG1Q2P233v3g4c5sq5k7(9Q9.:g;(<i<4v>?'?d?n? @3A\KA8eA[B=C6E;EJEatG}G"GucH}H IS\IK.K0=KPVK$LRLsL ML M`NNN P%P-PAP$RV(RI\R7SbSjSTUtUdWY'Y$]Y%Z'9ZzRZ4[X]8]L]o2^@^\^i^{`3`daR0a=bfce(cjczc(dAf gcg#hAh{hixjHk[kEl>6n~CnMMq9Vqhq r]rtst@tuw5uvv^vEnwtwN#xOBySGy&z*A{I{#~{/|u|2}`}2K~GR5IpT{5 +< .9;M/yz0C?Pdu@1">1I!0 `r+=Od2OU-p@A/3[Bt1 RjpTTZor.a (6{zI .H!,ZGu#3M3bJ4%L13|-EGa<((0J4BPM 2Uzp2E'f%G% dC|Gkw8 |l*OSe\.Zlp%ZH3H`2;y@_*5{E,pk_ua?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnoprstuvwxyz{|}~Root Entry FData 1Tableq2WordDocument46SummaryInformation(DocumentSummaryInformation8CompObj` F Document Microsoft Word 97-2004NB6WWord.Document.8