Kaspi.kz (KSPI) Receives BBB- rating from First, outlook stable
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Kaspi.kz receives first international credit rating
September 19, 2024 8:28 AM EDTALMATY, Kazakhstan, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Kaspi.kz has received its first international credit rating. Fitch rates Kaspi.kz investment grade BBB- with a stable outlook. This rating is separate from Kaspi Bank, a component of Kaspi.kzs Fintech Platform, which has been tracked by international rating agencies for many years. Fitch also rates Kaspi Bank investment grade BBB- with a stable outlook.
According to Fitch, the rating reflects Kaspi.kzs unique business profile, leading nationwide franchise and one of the strongest levels of operating profitability when compared to peers globally. Among the key rating drivers are:
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