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UNSOLICITED RATINGS

Independent unsolicited rating publications prepared from publicly available information.

BANK

TITLE COUNTRY DATE RATING ASSIGNED PUBLICATION
PEARL BANK LIMITED UGANDA 2026-04-02 A (STABLE) VIEW REPORT
UGANDA DEVELOPMENT BANK LIMITED UGANDA 2025-12-03 AA (POSITIVE) VIEW REPORT
DFCU BANK LIMITED UGANDA 2025-10-17 A (STABLE) VIEW REPORT

CORPORATES

TITLE COUNTRY DATE RATING ASSIGNED PUBLICATION
UGANDA CLAYS LIMITED UGANDA 2025-12-10 CCC (NEGATIVE) VIEW REPORT
MTN UGANDA LIMITED UGANDA 2025-11-07 AA (STABLE) VIEW REPORT

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