Recent Ratings

Name of Client	Country	Date	National Scale	Outlook	International Scale		Outlook	Fiduciary Scores				Shari’a Quality	Takaful
			LT/ST		FCY-LT/ST	LCY-LT/ST		Aggregate	AMQ	CG	SG
Kuveyt Turk Participation Bank Press Release	Turkey	31-July-17	AA(tr)/A1+(tr)	-	BBB-/A3	BBB/A3	Stable	-	-	-	-	-	-
Bank of Khartoum Press Release	Sudan	17-July-17	AA-(sd)/A1(sd)	Stable	-	-	-	71-75	66-70	66-70	76-80	-	-
Bahrain Islamic Bank Press Release	Bahrain	15-June-17	BBB(bh)/A2(bh)	Stable	BBB-/A3	-	Negative	71-75	66-70	76-80	71-75	-	-
Gulf Finance House Press Release	Bahrain	10-May-17	BBB-(bh)/A3(bh)	-	BB/B	-	Stable	61-65	56-60	61-65	66-70	-	-
Republic of Turkey Press Release	Turkey	14-Apr-17	-	-	BBB-/A-3	BBB/A-3’	stable	-	-	-	-	-	-
K-ELECTRIC LIMITED PKR 22b Sukuk Press Release	Pakistan	27-Mar-17	AA+(pk)	Rating Watch	-	-	-	-	-	-	-	-	-