Financial Institutions

Commercial Banks
Name Date Rating Type Long Term Short Term Outlook Action
Al Baraka Bank (Pakistan) Limited 6/29/2022 Sukuk 1 A Stable Reaffirmed
Al Baraka Bank (Pakistan) Limited 6/29/2022 Sukuk 2 A Stable Final
Al Baraka Bank (Pakistan) Limited 6/29/2022 Entity A+ A-1 Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 6/29/2022 Sukuk 2 A+ Stable Reaffirmed
Dubai Islamic Bank Pakistan Ltd 11/28/2022 Sukuk 3 AA- Stable Preliminary
Dubai Islamic Bank Pakistan Ltd 6/29/2022 Entity AA A-1+ Stable Reaffirmed
Faysal Bank Limited 6/30/2022 Entity AA A-1+ Stable Reaffirmed
Habib Bank Limited 6/29/2022 TFC-2 AA+ Stable Reaffirmed
Habib Bank Limited 12/15/2022 TFC-3 AA+ Stable Final
Habib Bank Limited 6/29/2022 Entity AAA A-1+ Stable Reaffirmed
Meezan Bank Limited 6/29/2022 Sukuk 2 AA+ Stable Reaffirmed
Meezan Bank Limited 6/29/2022 Entity AAA A-1+ Stable Reaffirmed
Meezan Bank Limited 6/29/2022 Sukuk 3 AAA Stable Reaffirmed
Meezan Bank Limited 6/29/2022 Sukuk 4 AAA Stable Reaffirmed
National Bank of Pakistan 6/27/2022 Entity AAA A-1+ Stable Reaffirmed
Samba Bank Limited 6/30/2022 Entity AA A-1 Stable Maintained
Silk Bank Limited 2/16/2023 Entity A- A-2 Rating Watch - Negative Note
Silk Bank Limited 11/10/2022 TFC-1 B+ Rating Watch - Negative Downgrade
Sindh Bank Ltd 6/28/2022 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 6/30/2022 Entity A+ A-1 Stable Reaffirmed
United Bank Limited 6/30/2022 TFC-5 AA+ Stable Reaffirmed
United Bank Limited 6/30/2022 Entity AAA A-1+ Stable Reaffirmed