🔝 S&P has upgraded the outlook for Freedom Holding Corp. and its subsidiaries—including Freedom Finance JSC and Freedom Bank Kazakhstan—from "stable" to "positive." The agency also raised the national ratings for Freedom Finance and Freedom Bank Kazakhstan from kzA- to kzA. In a separate move, Moody's has assigned first-time ratings to the group’s insurance entities: Freedom Life received Baa3, and Freedom Insurance was rated Ba1. Notably, Freedom Life becomes the first company in the group to achieve an investment-grade rating.
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