Freedom Holding Corp. Credit Ratings Confirmed by S&P Global Ratings
S&P Global Ratings has affirmed Freedom Holding Corp.'s credit ratings, underscoring the fintech group's robust expansion and financial ecosystem development. The Nasdaq-listed company retains its 'B-' long-term issuer credit rating with a Stable outlook, while its key subsidiaries—Freedom Finance JSC and Freedom Bank Kazakhstan JSC—earned 'B+/B' ratings with a Positive outlook. National scale ratings in Kazakhstan stand firm at 'kzBBB+'.
Freedom Holding's asset base grew 25% year-over-year as of December 31, 2025, fueled by aggressive brokerage and banking segment growth. Loan portfolios expanded 24%, with operating income to risk-weighted assets climbing from 1.0% to 1.8%. Strategic debt increases reflect targeted investments in new markets and services, including cross-border investor access initiatives.
