Rating History: Trust Modaraba
| Company Name | Date | Rating Type | Long Term | Short Term | Outlook/Rating Watch | Action | 
|---|---|---|---|---|---|---|
| 
                                    Trust Modaraba
                                    
                                 | 06/18/2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | 
| 
                                    Trust Modaraba
                                    
                                 | 05/13/2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | 
| 
                                    Trust Modaraba
                                    
                                 | 05/05/2023 | Entity | BBB+ | A2 | Stable | Reaffirmed | 
| 
                                    Trust Modaraba
                                    
                                 | 04/26/2022 | Entity | BBB+ | A2 | Stable | Upgrade | 
| 
                                    Trust Modaraba
                                    
                                 | 02/17/2021 | Entity | BBB- | A3 | Stable | Maintained | 
| 
                                    Trust Modaraba
                                    
                                 | 08/27/2019 | Entity | BBB- | A3 | Rating Watch-Negative | |
| 
                                    Trust Modaraba
                                    
                                 | 01/26/2018 | Entity | BBB- | A3 | Stable | Maintained | 
| 
                                    Trust Modaraba
                                    
                                 | 12/06/2016 | Entity | BBB- | A3 | Positive | Initial |