S&P Global Ratings has positively revised its evaluation of the banking industry in Kazakhstan, citing improved supervision. The assessment led to upgrades or outlook raises for multiple financial institutions within Kazakhstan. This improvement coincides with a slowdown in credit growth and banking-sector profits during the first seven months of 2026. S&P’s report, released on September 4th, highlighted the strengthened supervisory practices alongside banks maintaining robust capital buffers. The agency also considered Kazakhstan’s sovereign creditworthiness in its analysis. The Astana Times reported on these developments, indicating a generally stable outlook for the banking sector in Kazakhstan despite the moderating growth. These changes suggest increased confidence in the resilience of the financial system within Kazakhstan.