Financial Institutions

Commercial Banks

Name Date Rating Type Long Term Short Term Outlook Action
Al Baraka Bank (Pakistan) Limited 6/23/2021 Sukuk 2 A Stable Preliminary
Al Baraka Bank (Pakistan) Limited 6/23/2021 Entity A+ A-1 Stable Reaffirmed
Al Baraka Bank (Pakistan) Limited 6/23/2021 Sukuk 1 A Stable Reaffirmed
Bank Alfalah Ltd. 6/30/2021 TFC-1 AA- Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/30/2021 Entity AA A-1+ Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/30/2021 Sukuk 2 A+ Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/30/2021 Sukuk 1 AA- Stable Reaffirmed
Faysal Bank Limited 6/30/2021 Entity AA A-1+ Stable Reaffirmed
Habib Bank Limited 6/30/2021 Entity AAA A-1+ Stable Reaffirmed
Habib Bank Limited 6/30/2021 TFC-2 AA+ Stable Reaffirmed
Meezan Bank Limited 11/24/2021 Sukuk 3 AAA Stable Upgrade
Meezan Bank Limited 6/30/2021 Entity AAA A-1+ Stable Upgrade
Meezan Bank Limited 11/24/2021 Sukuk 2 AA+ Stable Upgrade
Meezan Bank Limited 12/31/2021 Sukuk 4 AAA Stable Final
National Bank of Pakistan 6/28/2021 Entity AAA A-1+ Stable Reaffirmed
Samba Bank Limited 10/7/2021 Entity AA A-1 Rating Watch - Developing Maintained
Silk Bank Limited 12/23/2021 TFC-1 BBB+ Rating Watch - Negative Note
Silk Bank Limited 12/23/2021 Entity A- A-2 Rating Watch - Negative Note
Sindh Bank Ltd 6/30/2021 Entity A+ A-1 Stable Reaffirmed
Summit Bank Limited 6/30/2021 Entity Note
Summit Bank Limited 2/1/2019 TFC-1 D (SO) Default
The Bank of Khyber 6/30/2021 Entity A+ A-1 Stable Upgrade
United Bank Limited 6/30/2021 TFC-5 AA+ Stable Reaffirmed
United Bank Limited 6/30/2021 Entity AAA A-1+ Stable Reaffirmed