S&P Upgrades Freedom24 Outlook to 'Positive'

S&P Global Ratings has revised its outlook on Freedom Finance Europe Ltd. (Freedom24) to 'positive' from 'stable', while affirming its 'B+/B' ratings. The upgrade reflects improvements in risk management and expansion in Europe.

S&P also revised the outlook to 'positive' for Freedom Holding Corp. subsidiaries, including Freedom Finance JSC, Freedom Finance Global PLC, and Freedom Bank Kazakhstan JSC. Freedom Holding Corp.'s long-term rating was affirmed at 'B-' with a 'stable' outlook.

S&P highlighted progress in developing a robust risk management and compliance framework. Evgenii Tiapkin, CEO of Freedom24, stated the upgrade confirms expansion in European markets and commitment to a customer-centric financial ecosystem.