S&P global ratings revises freedom24 outlook to positive, highlighting the group’s diversified earnings and strong capitalisation

S&P Global Ratings has revised the outlook for Freedom Holding Corp. and its subsidiaries from stable to positive, following an improved risk assessment of the banking sector in Kazakhstan. The agency maintained existing credit ratings while citing the group’s diversified earnings, strong capitalisation, and enhanced risk management structures. This decision also follows a recent upgrade to Kazakhstan's sovereign ratings, which suggests a more stable economic environment.