S&P Upgrades Kazakhstan's Banking Sector Assessment
Summary
International rating agency S&P has upgraded Kazakhstan's banking sector assessment, citing strengthened regulatory supervision.
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International rating agency S&P has upgraded its Banking Industry Country Risk Assessment (BICRA) for Kazakhstan. Experts note that the revision is primarily driven by the strengthening of supervisory frameworks in the financial sector.
This upgrade follows a series of positive revisions in recent years. Previous upgrades to Kazakhstan's BICRA assessment were recorded in 2021, 2023, and 2024.
Source: Kapital.kz
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