Moody's upgrades Kaspi's ratings to Investment Grade

Astana. September 13. KazTAG – International rating agency Moody's has upgraded Kaspi Bank's long-term ratings in national and foreign currencies to the investment grade of "Baa3" from "Ba1". The outlook is "Stable". The long-term rating of bank deposits on the national scale has been confirmed at the level of A2.kz. Also, the base credit rating of Kaspi Bank has been upgraded to ba2 from ba3.
In upgrading their rating, analysts from the leading international agency Moody's outlined the company's strong operational and financial performance.
"International rating agency Moody's has once again confirmed the high reliability of Kaspi, our ability to be sustainable and develop even during periods of global economic turbulence. Our team will continue to further develop innovative online services in Kazakhstan that improve people's lives, help small and medium businesses grow, and promote the country on the world innovation map," Mikhail Lomtadze,  head and co-founder of Kaspi.kz commented.

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