Freedom Holding Corp. outlook upgraded to positive by S&P Global

Freedom Holding Corp. S&P Global Ratings Kazakhstan banking sector credit rating outlook Freedom24

S&P Global Ratings has revised the long-term credit rating outlook for Freedom Holding Corp. and its four primary subsidiaries from stable to positive. This decision follows a more favorable assessment of the banking sector risk in Kazakhstan, the group's main market.

While the outlook has improved, the underlying credit ratings remain unchanged: the subsidiaries are confirmed at BB-/B and the parent company, Freedom Holding Corp., remains at B-. Additionally, S&P upgraded the national scale ratings for Freedom Finance JSC and Freedom Bank Kazakhstan JSC from kzA- to kzA.

The revision is the second positive rating action for the group since June 2026. S&P also improved its sector risk assessment for Kazakhstan from 7 to 6, citing enhanced banking supervision, capital accumulation, and sovereign strength. Furthermore, following Kazakhstan's sovereign rating upgrade to BBB/A-2, S&P revised the country's economic risk assessment to positive.

Entities

Freedom Bank Kazakhstan JSC · Freedom Finance JSC · Freedom Holding Corp. · Kazakhstan · S&P Global Ratings

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] S&P Global Ratings revised the long-term credit rating outlook for Freedom Holding Corp. and its four main subsidiaries from stable to positive. diariofinanciero.com · www.epixeiro.gr · www.diariosigloxxi.com
[● 3 SOURCES] S&P upgraded its economic risk assessment for Kazakhstan to positive following the country's sovereign rating upgrade to BBB/A-2. diariofinanciero.com · www.epixeiro.gr · www.diariosigloxxi.com
[● 3 SOURCES] S&P revised its assessment of the banking sector risk in Kazakhstan from 7 to 6. diariofinanciero.com · www.epixeiro.gr · www.diariosigloxxi.com
[● 3 SOURCES] National scale ratings for Freedom Finance JSC and Freedom Bank Kazakhstan JSC were upgraded from kzA- to kzA. diariofinanciero.com · www.epixeiro.gr · www.diariosigloxxi.com
[● 3 SOURCES] The long-term credit ratings for the subsidiaries remain at BB-/B, while Freedom Holding Corp. is rated at B-. diariofinanciero.com · www.epixeiro.gr · www.diariosigloxxi.com

Sources

S&P eleva a positiva la perspectiva de Freedom24 y destaca la solidez financiera del grupo - {DF} DiarioFinanciero [diariofinanciero.com]

2 days ago

Freedom24: Σε «θετικές» αναβαθμίζονται οι προοπτικές του ομίλου από τη S&P Global [www.epixeiro.gr]

4 days ago

S&P eleva a positiva la perspectiva de Freedom24 y destaca la solidez financiera del grupo [www.diariosigloxxi.com]

2 days ago