Kaspi.kz receives investment grade rating from Moody’s
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 04 2025
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Source: Globenewswire
Credit Ratings Achieved: Kaspi.kz has received its second international credit rating, with Moody's assigning it a Baa3 investment grade and Fitch giving it a BBB- rating, both with stable outlooks. These ratings reflect the company's diverse business model, strong profitability, and low leverage.
Expansion Plans: CEO Mikhail Lomtadze highlighted the company's strength as it prepares to expand into Türkiye through its acquisition of a 65.41% stake in Hepsiburada, emphasizing their innovative Super App model that caters to both consumers and merchants.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
