Financial Institutions

Commercial Banks
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action
Al Baraka Bank (Pakistan) Limited 6/30/2024 Sukuk 1 A Positive Maintained
Al Baraka Bank (Pakistan) Limited 6/30/2024 Sukuk 2 A Positive Maintained
Al Baraka Bank (Pakistan) Limited 6/30/2024 Entity A+ A-1 Positive Maintained
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 Rating Watch - Negative Harmonised
Dubai Islamic Bank Pakistan Ltd 6/27/2024 Sukuk 2 A+ Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/27/2024 Entity AA A-1+ Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/27/2024 Sukuk 3 AA- Stable Reaffirmed
Faysal Bank Limited 6/28/2024 Entity AA A-1+ Positive Maintained
Habib Bank Limited 6/28/2024 Entity AAA A-1+ Stable Reaffirmed
Habib Bank Limited 6/28/2024 TFC-2 AA+ Stable Reaffirmed
Habib Bank Limited 6/28/2024 TFC-3 AA+ Stable Reaffirmed
Meezan Bank Limited 6/28/2024 Sukuk 2 AA+ Stable Reaffirmed
Meezan Bank Limited 6/28/2024 Entity AAA A-1+ Stable Reaffirmed
Meezan Bank Limited 6/28/2024 Sukuk 3 AAA Stable Reaffirmed
Meezan Bank Limited 6/28/2024 Sukuk 4 AAA Stable Reaffirmed
National Bank of Pakistan 6/26/2024 Entity AAA A-1+ Stable Reaffirmed
Silk Bank Limited 6/16/2023 TFC-1 B Rating Watch - Negative Harmonised
Silk Bank Limited 6/7/2024 Entity A- A-2 Rating Watch - Negative Note
Sindh Bank Ltd 6/28/2024 Entity AA- A-1+ Stable Upgrade
The Bank of Khyber 6/28/2024 Entity A+ A-1 Stable Reaffirmed
United Bank Limited 6/26/2024 TFC-5 AA+ Stable Reaffirmed
United Bank Limited 6/26/2024 Entity AAA A-1+ Stable Reaffirmed