S&P Upgrades Freedom Holding Subsidiaries to 'BB-', Citing Improved Risk Management
Summary
S&P Global Ratings upgraded several key subsidiaries of Freedom Holding Corp. to 'BB-' with stable outlooks, citing improved risk management and strong capitalization. This positive assessment follows the company's robust fiscal year 2026 results, which saw net income double to $153.3 million, and a recent $300 million stock offering. While the parent company's rating remains 'B-', the subsidiary upgrades reflect a stronger overall group financial profile and could lead to lower borrowing costs.
At the time of this announcement, FRHC was trading at $135.45 on NASDAQ in the Finance sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $107.98 to $194.01. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: FinanceWire.