International creditrating agency S&P Global Ratings has revised the outlook on Freedom HoldingCorp.’s core operating subsidiaries from “Stable” to “Positive,” whileaffirming their credit ratings at ‘B+/B’. The revised outlook applies toFreedom Finance JSC, Freedom Finance Europe Ltd., Freedom Finance Global PLC,and Freedom Bank Kazakhstan JSC. The rating of the parent company, FreedomHolding Corp., was affirmed at ‘B-’ with a Stable outlook.PositiveOutlook: recognition of systemic progressThe revised outlook reflects Freedom Holding’s significantachievements in consolidating and enhancing its risk management and compliancefunctions across the organization.Over the past two years, the group has implemented acentralized risk management policy, adopted unified risk appetite standards,established a compliance project management office, and expanded its oversightteam to include 129 risk specialists and 162 compliance professionals operatingacross 22 jurisdictions.“We’ve come a long way —turning fragmented control functions into a unified, centralized system at thegroup level. This decision reflects the maturity of our governance model,”commented CEO Timur Turlov.Focus onresilience: lower risk and balanced growthThe holding’s overallcapitalization strengthened in fiscal year 2025. Its risk-adjusted capital(RAC) ratio rose from 11.6% to around 13%, supported by moderate balance sheetgrowth, a decline in economic and industry risks in Kazakhstan, and a resilientbrokerage business. As of March 2025, Freedom Group serves around 5 millioncustomers, including over 4.4 million financial clients, with its SuperAppbecoming a key digital tool for users’ day-to-day financial activities.Marketleadership in Kazakhstan, growth in EuropeS&P highlightedFreedom’s continued leadership in Kazakhstan’s retail brokerage sector, servingapproximately 683,000 clients worldwide, of whom over 151,000 executed at leastone trade in the last quarter of FY2025. The group is also expanding its presencein Europe, with 391,000 clients via its Cyprus-based subsidiary and offices in10 EU countries. The holding company continues to invest in the telecom segmentand maintains a sustainable business model supported by income from brokerageoperations.AboutFreedom Holding Corp.Freedom Holding Corp. (https://www.freedomholdingcorp.com/)is an international financial and technology group listed on the Nasdaq(ticker: FRHC). The company offers investment, banking, insurance, and digitalservices through its integrated platform, Freedom SuperApp. The group operatesin 22 countries, including Kazakhstan, the United States, Cyprus, Poland,Spain, Uzbekistan, and Armenia. The Company’s principal executive office islocated in New York City.Freedom Holding Corp. is regulated by the U.S. Securitiesand Exchange Commission (SEC). This article was written by FL Contributors at www.forexlive.com.