North Africa Ratings

Entity	Country	Date	National Scale	Outlook	International Scale		Outlook	Fiduciary Scores				Takaful
			LT/ST		FCY-LT/ST	LCY-LT/ST		Aggregate	AMQ	CG	SQ
Al Baraka Bank Egypt Press Release (English) (Arabic)	Egypt	28-Jan-19	A-(eg) / A2 (eg)	Positive	B-/B	B/B	Positive	71-75	76-80	76-80	61-65	-
Bank of Khartoum Press Release (English) (Arabic)	Sudan	22-Nov-18	AA-(sd)/A1(sd)	Stable	-	-	-	71-75	66-70	66-70	76-80	-
Al Baraka Bank Tunisia Press Release	Tunisia	19-Nov-18	BBB+(tn)/A2(tn)	Stable	BB-/B	BB/B	Stable	71-75	71-75	71-75	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	-
United Capital Bank Press Release	Sudan	21-Oct-18	BBB(sd) / A3(sd)	Stable	-	-	-	66–70	66–70	61–65	71–75	-
Al Baraka Bank Sudan Press Release	Sudan	08-Oct-18	A-(sd)/A2(sd)	Stable	-	-	-	71-75	66-70	71-75	71-75	-
AlBaraka Insurance Company Press Release	Sudan	13-Nov-17	-	Negative	-	-	-	61-65	56-60	-	71-75	BBB