Recent Ratings

Entity	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
Al Baraka Bank Syria Press Release	Syria	13-Nov-18	NR/NR	-	-	-	-	71-75	76-80	66-70	71-75	-	-
Banque Al Baraka D’Algerie Press Release (English) (Arabic)	Algeria	12-Nov-18	A+(dz)/A1(dz)	-	BBB-/A3	BBB/A2	Stable	66-70	71-75	61-65	66 – 70	-	-
Republic of Turkey Press Release	Turkey	09-Nov-18	AAA (tr)/ A1+(tr)	Stable	BBB-/A3	BBB/A3	Negative	-	-	-	-	-	-
Al Baraka Banking Group Press Release	Bahrain	25-Oct-18	A+(bh) / A2(bh)	-	BBB+ / A3	-	Stable	76 - 80	76 - 80	81 - 85	76 – 80	-	-
United Capital Bank Press Release	Sudan	21-Oct-18	BBB(sd) / A3(sd)	Stable	-	Stable	-	66–70	66–70	61–65	71–75	-	-