|Emitents||Attīstības finanšu institūcija Altum, AS (5493007HPQSSX8BJ4315)|
|Veids||2.2. Iekšējā informācija|
On 16 December 2022 Moody’s Investors Service (Moody’s) affirmed JSC Development Finance Institution Altum’s (Altum) Baa1 long-term issuer rating, with outlook stable, same as affirmed in March 2019. The baseline credit assessment (BCA) is also affirmed at baa3, together with the short-term issuer rating at P-2.
The assigned Moody’s rating of Altum of Baa1 is one of the highest issuer ratings assigned to corporate entities in Latvia. Altum baseline credit assessment reaffirmed at baa3 as follows from Moody’s assessment, represents:
Reinis Bērziņš, Chairman of ALTUM’s Board:
“We are truly proud to maintain the high credit rating at Baa1 level for ALTUM also during the present times, filled with such negative turbulences of the past three years as the pandemic and Russia’s aggressive war in the Ukraine. Maintaining unchangingly high rating in the financial markets at the time filled with uncertainties is an evaluation of ALTUM professionalism in risk management, financial management and planning. Baa1 rating will allow us to confidently participate in negotiations with international partners and attract financing to the national economy for implementation of significant projects on the best possible terms.”
The methodologies used in these ratings were Moody’s Finance Companies Methodology published in November 2019 and Government-Related Issuers Methodology published in February 2020.
Moody’s initially assigned to Altum a long-term issuer rating Baa1 in June 2017.
JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvia state-owned company 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 enhancing mobilization of the private capital and financial resources. On 25 March 2019 Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The baseline credit assessment (BCA) was upgraded to investment grade rating baa3. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.