/KASE, September 8, 2026/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK) has announced the following:

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On September 4, 2026, international rating agency S&P Global Ratings revised the outlook on Halyk Bank's long-term issuer credit rating to "Positive" from "Stable", while affirming the ratings at "BBB-/A-3" and the Kazakhstan national scale rating at "kzAAA".

S&P notes the continued strengthening of Kazakhstan's banking regulatory and supervisory framework, which, combined with significant accumulated capital and an improving sovereign credit profile, will support the stability of Kazakhstan's financial system and help the banking sector navigate credit and economic cycles more effectively. As part of this rating action, S&P Global Ratings raised its industry risk assessment under its Banking Industry Country Risk Assessment (BICRA) for Kazakhstan to "6" from "7"; the industry risk trend is stable.

The decision follows the upgrade of the Republic of Kazakhstan's sovereign ratings to "BBB/A-2" on August 21, 2026, reflecting resilient economic growth and fiscal consolidation. In the agency's view, gradually decelerating inflation, lower policy rates by the National Bank of Kazakhstan (NBK), and resilient economic growth will contribute to reducing the economic risks faced by Kazakhstan's banking sector.

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Full version of the press release in Kazakh – see more

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[2026-09-08]