S&P Upgrades Freedom Finance Insurance to ‘BB’ as Market Position Strengthens
NEW YORK, USA, November 11th, 2026, FinanceWire
Freedom Finance Insurance has received a credit rating upgrade from S&P Global Ratings, reflecting its growing share of Kazakhstan’s insurance market, stronger financial results and improved capital position. The company has moved from 11th to third place in the country’s non-life insurance sector since 2022, while its market share has risen to 9.7%.
S&P Global Ratings has upgraded the long-term issuer credit and financial strength ratings of Freedom Finance Insurance JSC, part of Nasdaq-listed Freedom Holding Corp. (NASDAQ: FRHC), from ‘BB-’ to ‘BB’. The outlook is stable.
The agency also raised the insurer’s Kazakhstan national-scale rating from ‘kzA-’ to ‘kzA+’, citing its stronger market position, improved operating performance a...
