GCC Ratings

Name of Client	Country	Date	National Scale	Outlook	International Scale		Outlook	Fiduciary Scores
			LT/ST		FCY-LT/ST	LCY-LT/ST		Aggregate	AMQ	CG	SQ
International Company for Water & Power Projects (ACWA Power) Press Release	Saudi Arabia	19-Mar-18	AA-(sa)/A1(sa)	Stable	BBB+/A2	-	Stable	71-75	71-75	71-75	61-65
ABC Islamic E.C. Press Release	Bahrain	13-Jan-19	A+(bh) / A1(bh)	Stable	A- / A2	-	Stable	76 - 80	71 - 75	86 - 90	76 - 80
Bahrain Islamic Bank Press Release	Bahrain	31-Dec-18	BBB(bh) / A2(bh)	-	BBB-/ A3	-	Negative	71-75	66-70	76-80	71-75
The International Islamic Trade Finance Corporation (ITFC) Press Release	Saudi Arabia	30-Dec-18	-	-	AA- / A1	-	Stable	76 – 80	76 – 80	71 - 75	71 - 75
GFH Financial Group BSC Press Release	Bahrain	27-Dec-18	BBB-(bh) / A3(bh)	Stable	BB / B	-	Stable	61 - 65	56 - 60	61 - 65	66 - 70
Al Baraka Islamic Bank B.S.C.(c) Press Release	Bahrain	21-Nov-18	BBB+ (bh) / A3 (bh)	Stable	BBB- / A3	-	Negative	71 -75	61 – 65	76 – 80	71 – 75
AlBaraka Banking Group Press Release	Bahrain	25-Oct-18	A+(bh) / A2(bh)	-	BBB+ / A3	-	Stable	76 - 80	76 - 80	81 - 85	76 – 80
Dubai Islamic Bank Press Release	UAE	04-Oct-18	AA-(ae)/A1+(ae)	Stable	A/A1	-	Stable	76-80	81-85	71-75	76-80
aafaq Islamic Finance Press Release	UAE	25-Oct-17	Withdraws	-	Withdraws	-	-	-	-	-	-
Bank Al‐Jazira Press Release	Saudi Arabia	03-Nov-16	A+(sa)/A1(sa)	Negative	A-/A2	-	Negative	71-75	71-75	76-80	66-70
The Kingdom of Bahrain Press Release	Bahrain	24-Mar-16	-	-	BBB/A3	BBB/A3	Stable	-	-	-	-