JSC Development Finance Institution Altum operational volumes for the five months period ending 31 May 2023

Attīstības finanšu institūcija Altum
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JSC Development Finance Institution Altum operational volumes for the five months period ending 31 May 2023

Inside information, 2023-06-30 14:37 CEST -- In the 5 months of 2023, the ALTUM's newly issued financial instruments amounted to 97 million EUR (-11.9% compared to the corresponding period of 2022), financing 1,934 new projects (-25.6% compared to 5 months of 2022). For more information - see the attachment.

JSC Development Finance Institution Altum is a Latvian state-owned company providing enterprises and households access to 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 16 December 2022 Moody's Investors Service (Moody's) affirmed the Company's Baa1 long-term issuer rating, with outlook stable, same as affirmed on 25 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 is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market - Baltic Bond List of Nasdaq Riga.

Laura Lapkovska
AS Attīstības finanšu institūcija Altum Investors Relationships Division
Tel.:+371 26165699
E-mail: [email protected]

Attachments:
Birzai_pazinoj_5M_2023_ENG_pielikums.pdf