S&P Global ratings upgrade
Joint Stock Company Kaspi.kz (KSPI)
Company Research
Source: GlobeNewswire
ALMATY, Kazakhstan, June 26, 2024 (GLOBE NEWSWIRE) -- S&P Global upgraded its credit rating to BB+ for Kaspi Bank, a core part of Kaspi.kz’s Fintech Platform. S&P cited Kaspi.kz’s unique strategy, leading brand, superior asset quality, strong financial track-record and ability to keep delivering growth across its Fintech, Payments and Marketplace Platforms. Long-term global scale rating upgraded to 'BB+' from 'BB' with a stable outlook.Kazakhstan national scale rating on Kaspi Bank raised to ‘kzAA+’ from ‘kzAA-’. According to S&P Global; Led by its experienced management team, Kaspi.kz’s has built a leading franchise and positive track record, strategically developing its business mix through the cycle.Kaspi.kz is diversifying by rapidly expanding its Payment and Marketplace Platforms, which stimulates customer loyalty and creates synergies.Return on equity (ROE) has averaged 80% over the past five years, with superior earnings generation expected over the next 2 years.The group
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News
- Kaspi.kz to Announce 2nd Quarter and 1st Half 2024 Financial Results on 22nd JulyGlobeNewswire
- Hedge Are Bullish on Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Right After Its IPO [Yahoo! Finance]Yahoo! Finance
- Announcement of Extraordinary General Meeting ResultsGlobeNewswire
- Harvard Business School publishes Kaspi.kz case studyGlobeNewswire
- Joint Stock Company Kaspi.kz (NASDAQ: KSPI) is now covered by analysts at New Street Research. They set a "buy" rating and a $175.00 price target on the stock.MarketBeat