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S&P upgrades Freedom Holding subsidiaries to BB- with stable outlook amid strong growth and risk management.

Market News
25 Jun 2026
GlobeNewsWire
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Bullish
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S&P Global Ratings has upgraded the credit ratings of several Freedom Holding Corp. subsidiaries to "BB-" with stable outlooks, reflecting improved risk management and strong earnings. The upgrades cover Freedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC, with national scale ratings also improved for Kazakhstan-based entities. Freedom Holding reported record revenue of $2.19 billion and doubled net income to $153.3 million in fiscal 2026, alongside significant client base growth. The company plans further international expansion, including banking licenses in France and Turkey, and investments in digital ecosystems across multiple markets.

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