S&P Global Ratings raised Freedom Finance Insurance's rating from 'BB-' to 'BB' because it is doing better financially.

Nov 11, 2026, 2:06 PM ETOpinionRead the original at morningstar.com

Good for FRHC

Freedom Holding's insurer rose to 3rd place, and its ratings, capital base, and operating performance improved. This supports the group, though the report covers only one subsidiary.

FRHC · Freedom Holding Corp.

AI read · Good for FRHC

The AI's read

A stronger insurer points to a healthier part of Freedom Holding's business. S&P expects the insurer's capital measure to stay above its 99.8% confidence-level threshold through 2028. The report covers one subsidiary, not all of Freedom Holding's businesses.

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