/KASE, June 24, 2020/ – Freedom Holding Corp. (Salt Lake City), whose shares
are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE
about the following:
The international rating agency S&P Global Ratings affirmed the long-term and
short-term credit ratings "B-/B" to the participants of the securities market
Freedom Finance JSC (Republic of Kazakhstan) and IC Freedom Finance LLC
(Russian Federation). The outlook is "Stable". Also, Freedom Finance JSC was
affirmed the rating on national scale at the level "kzBB-".
"Over the past 12 months, Freedom Finance JSC has been gradually selling
shares of Kazakh companies that were in its own position, which ultimately led
to a significant increase in the group's capitalization indicators: the
risk-adjusted capital ratio increased from 7.0 % as of March 31, 2019 to 9% as
of December 31, 2019.
The reduction in own position in stocks and the decrease in dependence on short-
term borrowing led to an improvement in the liquidity profile of both Freedom
Finance JSC and the group as a whole, as evidenced by the improvement in the
liquidity ratio of Freedom Holding Corp. from 1.5x as of March 31, 2019 to
approximately 2.2x as of December 31, 2019", – it is said the agency's report.
More details are available on KASE website at