Credit Ratings

Public credit ratings issued by SANAD

Some ratings shown are preliminary

Preliminary ratings are based on available public information only and are not solicited, committee-reviewed credit ratings. Any entity that does not agree may submit a request for a full and final rating.

Showing 44 of 44 ratings

Entity	Sector	Action	LT Rating	ST Rating	Outlook	Rating Watch	Effective Date
First Gulf Libyan Bank Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Initial	BBB(LY)	F2(LY)	Stable	—	2 Jul 2026
Assaray Trade & Investment Bank Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Initial	BBB-(LY)	F3(LY)	Stable	—	2 Jul 2026
Bank of Commerce & Development Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Initial	BB(LY)	B(LY)	Stable	—	2 Jul 2026
National Commercial BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	BB-(LY)	B(LY)	Stable	Negative	29 Jun 2026
Jumhouria BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	B+(LY)	B(LY)	Stable	Negative	29 Jun 2026
Tadhamon BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	B(LY)	B(LY)	Stable	Negative	29 Jun 2026
Yaqeen BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	B(LY)	B(LY)	Stable	Negative	29 Jun 2026
Libyan Islamic BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	B-(LY)	B(LY)	Stable	Negative	29 Jun 2026
Qafela Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Tibesti Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Mediterranean Insurance (Al-Mutawassitia)Preliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Al-Alamiya (Global) Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Al-Namaa Libyan Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Libyan Solidarity Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Sahara Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Al Mukhtar Takaful InsurancePreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Libya Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Trust Insurance (Al-Thiqa)Preliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Al Yossr Takaful InsurancePreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Middle East Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Al-Wathiqa Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
International Group InsurancePreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Amana Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
African Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
United Insurance Company (Al Muttahida)Preliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Takaful Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Aman Bank for Commerce & InvestmentPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
National Union BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Alwaha Bank (Oasis Bank)Preliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Mediterranean BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
North Africa BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Alwafa BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Islamic Finance BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Nuran BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Libyan Foreign BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Imaar BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Daman Islamic BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Arab Islamic Investment BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Andalus BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Sahara BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Wahda BankPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Libo Insurance CompanyPreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Al-Ittihadia Takaful InsurancePreliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Insurance	Preliminary	CCC+(LY)	C(LY)	Stable	Negative	29 Jun 2026
Alejma'a Alarabi Bank (Arab Commercial Bank)Preliminary Press Release Report HistoryDownloads require a Professional subscription or reports-archive access	Banking	Preliminary	CC(LY)	C(LY)	Stable	Negative	29 Jun 2026

First Gulf Libyan Bank

Banking · 2 Jul 2026

BBB(LY)F2(LY)

InitialStable—

Press ReleaseReportHistory

Assaray Trade & Investment Bank

Banking · 2 Jul 2026

BBB-(LY)F3(LY)

InitialStable—

Press ReleaseReportHistory

Bank of Commerce & Development

Banking · 2 Jul 2026

BB(LY)B(LY)

InitialStable—

Press ReleaseReportHistory

National Commercial BankPreliminary

Banking · 29 Jun 2026

BB-(LY)B(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Jumhouria BankPreliminary

Banking · 29 Jun 2026

B+(LY)B(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Tadhamon BankPreliminary

Banking · 29 Jun 2026

B(LY)B(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Yaqeen BankPreliminary

Banking · 29 Jun 2026

B(LY)B(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Libyan Islamic BankPreliminary

Banking · 29 Jun 2026

B-(LY)B(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Qafela Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Tibesti Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Mediterranean Insurance (Al-Mutawassitia)Preliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Al-Alamiya (Global) Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Al-Namaa Libyan Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Libyan Solidarity Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Sahara Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Al Mukhtar Takaful InsurancePreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Libya Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Trust Insurance (Al-Thiqa)Preliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Al Yossr Takaful InsurancePreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Middle East Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Al-Wathiqa Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

International Group InsurancePreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Amana Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

African Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

United Insurance Company (Al Muttahida)Preliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Takaful Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Aman Bank for Commerce & InvestmentPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

National Union BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Alwaha Bank (Oasis Bank)Preliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Mediterranean BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

North Africa BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Alwafa BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Islamic Finance BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Nuran BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Libyan Foreign BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Imaar BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Daman Islamic BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Arab Islamic Investment BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Andalus BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Sahara BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Wahda BankPreliminary

Banking · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Libo Insurance CompanyPreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Al-Ittihadia Takaful InsurancePreliminary

Insurance · 29 Jun 2026

CCC+(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Alejma'a Alarabi Bank (Arab Commercial Bank)Preliminary

Banking · 29 Jun 2026

CC(LY)C(LY)

PreliminaryStableNegative

Press ReleaseReportHistory

Rating Scale

Full scale definitions are published on the Methodology page.

AAA(LY)Highest credit quality

AA+(LY)Very high credit quality

AA(LY)Very high credit quality

AA-(LY)Very high credit quality

A+(LY)High credit quality

A(LY)High credit quality

A-(LY)High credit quality

BBB+(LY)Adequate credit quality

Short-term scale

Short-term ratings address obligations with an original maturity of up to 13 months and are derived from the long-term rating through the published correspondence below.

F1+(LY)Strongest capacity for timely payment

F1(LY)Strong capacity for timely payment

F2(LY)Good capacity for timely payment

F3(LY)Adequate capacity for timely payment

B(LY)Uncertain capacity for timely payment

C(LY)Highly uncertain capacity; default a real possibility

D(LY)Default on short-term obligations

Long-term range	Short-term
AAA(LY) – AA-(LY)	F1+(LY)
A+(LY) – A-(LY)	F1(LY)
BBB+(LY) – BBB(LY)	F2(LY)
BBB-(LY)	F3(LY)
BB+(LY) – B-(LY)	B(LY)
CCC+(LY) – C(LY)	C(LY)
D(LY)	D(LY)

Credit Ratings

Rating Scale

Short-term scale

Long-term to short-term correspondence