Financial Institutions

Commercial Banks

Name Date Rating Type Long Term Short Term Outlook Action
Al Baraka Bank (Pakistan) Limited 6/27/2023 Sukuk 1
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Reaffirmed
Al Baraka Bank (Pakistan) Limited 6/27/2023 Sukuk 2
A Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Reaffirmed
Al Baraka Bank (Pakistan) Limited 6/27/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
Bank Makramah Limited (Formerly:Summit Bank Limited) 6/7/2023 Entity
Note
Bank Makramah Limited (Formerly:Summit Bank Limited) 6/27/2023 TFC-1
B Obligations deemed less likely to be met. Protection factors are capable of fluctuating widely if changes occur in the economy. Overall quality may move up or down frequently within this category or into higher or lower rating grade.
Rating Watch - Negative Harmonised
Dubai Islamic Bank Pakistan Ltd 6/26/2023 Sukuk 2
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/26/2023 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/26/2023 Sukuk 3
AA- High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Faysal Bank Limited 6/27/2023 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1+ Stable Reaffirmed
Habib Bank Limited 6/27/2023 Entity
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
A-1+ Stable Reaffirmed
Habib Bank Limited 6/27/2023 TFC-2
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Habib Bank Limited 6/27/2023 TFC-3
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Meezan Bank Limited 6/27/2023 Sukuk 2
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed
Meezan Bank Limited 6/27/2023 Entity
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
A-1+ Stable Reaffirmed
Meezan Bank Limited 6/27/2023 Sukuk 3
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
Stable Reaffirmed
Meezan Bank Limited 6/27/2023 Sukuk 4
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
Stable Reaffirmed
National Bank of Pakistan 6/23/2023 Entity
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
A-1+ Stable Reaffirmed
Samba Bank Limited 6/26/2023 Entity
AA High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
A-1 Stable Reaffirmed
Silk Bank Limited 2/28/2024 Entity
A- Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-2 Rating Watch - Negative Note
Silk Bank Limited 6/16/2023 TFC-1
B Obligations deemed less likely to be met. Protection factors are capable of fluctuating widely if changes occur in the economy. Overall quality may move up or down frequently within this category or into higher or lower rating grade.
Rating Watch - Negative Harmonised
Sindh Bank Ltd 6/27/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
The Bank of Khyber 6/27/2023 Entity
A+ Good credit quality; Protection factors are adequate. Risk factors may vary with possible changes in the economy.
A-1 Stable Reaffirmed
United Bank Limited 6/27/2023 Entity
AAA Highest credit quality; the risk factors are negligible, being only slightly more than for risk-free Government of Pakistan’s debt.
A-1+ Stable Reaffirmed
United Bank Limited 6/27/2023 TFC-5
AA+ High credit quality; Protection factors are strong. Risk is modest but may vary slightly from time to time because of economic conditions.
Stable Reaffirmed