On 25 February 2019 international credit rating agency Moody's Investors Service published an updated JSC “Development Finance Institution Altum” (Altum) credit opinion – update following change of outlook to review for upgrade.

Altum is a state-owned company of Latvia that ensures access of the enterprises and households to the financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and consequently enhancing mobilization of the private capital and financial resources. In June 2017 the Moody’s assigned to the Company a long-term credit rating Baa1 with a stable outlook. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were quoted on a regulated market – Baltic Bond List of Nasdaq Riga.

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.: +371 67774023, +371 26165699
         E-mail: Laura.Lapkovska@altum.lv