On 6 February 2025 Moody’s Ratings (Moody’s) published an updated JSC “Development Finance Institution Altum” (ALTUM) credit opinion following on 28 January 2025 affirmed ALTUM’s Baa1 long-term issuer rating with outlook stable, the short-term issuer rating at Prime-2 and the baa3 standalone assessment.

The Moody’s rating of Baa1 assigned to ALTUM is one of the highest issuer ratings assigned to corporate entities in Latvia. Initially a long-term issuer rating of Baa1 was assigned to ALTUM 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 28 January 2025 Moody’s Ratings affirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The rating as well as the short-term issuer rating at P-2, the same as affirmed on 2 February 2024. ALTUM is rated by Moody’s Finance Companies Methodology, published in July 2024. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.