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Credit Ratings
The following is a summary of Mumtalakat’s credit ratings as of December 15, 2016. Please refer to reports from the individual credit rating agencies for more detailed information, as well as any rating actions that may have been taken by the rating agencies.
   
 
Fitch Ratings
  Long-term Issuer Default Rating: BB+
  Senior Unsecured Rating: BB+
  Short-term Issuer Default Rating: B
  Outlook: Stable
 
Standard & Poor’s
  Long-term Issuer Credit Ratings: BB-
  Short-term Issuer Credit Ratings: B
  Outlook: Stable
 
RAM Ratings
  Long-term Rating of Sukuk Murabaha Program:  A1
  Outlook: Negative
 
Linaburg-Maduell Transparency Index by Sovereign Wealth Fund Institute:
  10/10