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S&P again upgraded the ratings of LIC Freedom Life

The international rating agency S&P Global Ratings upgraded the long-term credit ratings of JSC LIC Freedom Finance Life on the international scale from “BB-” to “BB”, and on the national scale from “kzA-” to “kzA+”. The forecast is “Negative,” the company’s press service reports.
S&P again upgraded the ratings of LIC Freedom Life

The rating upgrade reflects a significant improvement in the Company's assessment of the Company's capital adequacy.

According to the S&P report, LIC Freedom Life demonstrated a strong profitability and significant retained earnings in 2023. The Company is expected to maintain a strong earnings generation capacity and its credit profile will be positively impacted by management's continued focus on prudent asset allocation policies.

S&P currently notes the company's important role in implementing Freedom Holding Corp.'s long-term business development strategy.

Photos are from open sources.

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