Name Date Rating Type Long Term Short Term Outlook Action
Al Baraka Bank (Pakistan) Limited 5/17/2017 Sukuk 1 A    Stable Preliminary
Al Baraka Bank (Pakistan) Limited 5/17/2017 Entity A+    A-1 Stable Upgrade
Dubai Islamic Bank Pakistan Ltd 5/17/2017 Entity AA-    A-1 Stable Upgrade
First National Bank Modaraba 5/3/2017 Entity BBB+    A-3 Rating Watch-Negative
The First MicroFinanceBank Limited 4/28/2017 Entity A+    A-1 Stable Reaffirmed
U Microfinance Bank Limited 4/28/2017 Entity A-    A-2 Stable Reaffirmed
Khushhali Microfinance Bank Limited (Formerly Khushhali Bank Ltd). 4/28/2017 Entity A+    A-1 Stable Reaffirmed
NRSP Micro Finance Bank Ltd 4/28/2017 TFC-1 A    Stable Reaffirmed
Pak Oman Microfinance Bank Limited 4/28/2017 Entity BBB+    A-3 Rating Watch-Positive
NRSP Micro Finance Bank Ltd 4/28/2017 Entity A    A-1 Stable Reaffirmed
Rating Process
In order to provide independent evaluations of their credit-worthiness or the credit risk of their debt issue, an entity may choose to have a credit rating assigned to themselves. A step-by-step process is followed to fully assess the issuer’s credit quality and arrive at a rating.Read More
Understanding Ratings
A credit rating is an assessment of the ability and willingness of an entity to fulfill its financial commitments. It is a measure of the credit worthiness of an issuer and can be used by investors to help make investment decisions when comparing different issuers and debt issues.