S&P raises Freedom Bank Kazakhstan rating to 'B+' with stable outlookThe international rating agency S&P Global Ratings has raised the long-term foreign and local currency credit rating of Freedom Bank Kazakhstan JSC from "B" to "B+", the agency said.At the same time, the agency changed the outlook from “positive” to “stable” and raised Freedom Bank's Kazakhstan sovereign rating from "kzBBB-" to "kzBBB"."Freedom Bank Kazakhstan (Freedom Bank) is owned by Freedom Finance JSC, which is part of the Freedom Holding Corp. holding company controlled by businessman Timur Turlov.According to the National Bank, Bank Freedom Finance Kazakhstan ranked 8th among 21 banks in the country in terms of assets as of 1 November 2024.Freedom Finance JSC provides brokerage services in Kazakhstan and Kyrgyzstan. It belongs to the holding Freedom Holding Corp.Freedom Holding Corp. is headquartered in Almaty, Kazakhstan, and has representative offices in 14 countries, including Cyprus, the United States, Uzbekistan, the United Kingdom and Germany. The Group conducts transactions on the Kazakhstan Stock Exchange, the Astana International Exchange, the Ukrainian Exchange, the Tashkent Republican Stock Exchange and the Uzbek Republican Currency Exchange, as well as on the New York Stock Exchange and the Nasdaq Stock Exchange. (ICE ALMATY)

Fonte notizia: INTERFAX