Kaspi Bank has declined to be rated by S&P due to the fact that it is rated by two other leading international rating agencies, Fitch and Moody's. is rated by two other leading international rating agencies Fitch and Moody's, and the presence of a third rating is not necessary. This is reported by KASE.

Current credit ratings of Kaspi Bank are among the highest among all banks in Kazakhstan.  among all banks in Kazakhstan.

Moody's upgraded Kaspi Bank's long-term local and foreign currency ratings to investment grade “Baa3” from “Ba1” in September 2024. The outlook is “Stable”. Long-term rating of bank deposits on the national scale - A2.kz. Kaspi Bank's base credit rating was also upgraded to “ba2” from “ba3”.

Fitch also assigned Kaspi Bank an investment grade rating of “BBB-” with a stable outlook in September 2024.