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REPORT	SOURCE	COUNTRY	STANDARD CLASSIFICATION	RATING AGENCY GRADE	LANGUAGE	ISSUE DATE
COAC Atuntaqui CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	AA- Stable	Spanish	03/2019
COAC Chibuleo CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	BB+ Positive	Spanish	03/2019
COAC Chone CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	BBB Positive	Spanish	03/2019
COAC Guaranda CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	BBB- Stable	Spanish	03/2019
Coop. de la Policia Nacional CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	A Stable	Spanish	03/2019
COAC San Antonio CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	BBB Positive	Spanish	03/2019
COAC Jardín Azuayo CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	AA- Stable	Spanish	03/2019
ODEF Financiera FINANCIAL RATING	MicroFinanza Rating	Honduras	GOOD	BB+ Stable	Spanish	03/2019
FUNDESER SOCIAL RATING	MicroFinanza Rating	Nicaragua	GOOD	BB+	Spanish	03/2019
KMF SOCIAL RATING	MicroFinanza Rating	Kazakhstan	EXCELLENT	AA-	English	03/2019
Emprendamos FINANCIAL RATING	MicroFinanza Rating	Mexico	GOOD	BB- Stable	Spanish	02/2019
OXUS - TJK SOCIAL RATING	MicroFinanza Rating	Tajikistan	GOOD	BB	English	02/2019
Progresemos SOCIAL RATING	MicroFinanza Rating	Mexico	FAIR	B+	Spanish	02/2019
PAMF-BFA FINANCIAL RATING	MicroFinanza Rating	Burkina Faso	GOOD	BB- Stable	French	01/2019
CFE FINANCIAL RATING	MicroFinanza Rating	Panama	GOOD	BB+ Positive	Spanish	01/2019
CRECER CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	A2 Positive	Spanish	01/2019
Sartawi CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	BBB3 Negative	Spanish	01/2019
Banco Pyme de la Comunidad CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	BBB1 Negative	Spanish	01/2019
IDEPRO CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	BBB3 Negative	Spanish	01/2019
Pro Mujer - BOL CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	A3 Stable	Spanish	01/2019
FUBODE CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	BBB1 Stable	Spanish	01/2019
Cooperativa San Martín de Porres CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	BBB1 Stable	Spanish	01/2019
Banco PYME EcoFuturo CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	A1 Stable	Spanish	01/2019
BANCO PRODEM CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	AA3 Stable	Spanish	01/2019
Banco Fortaleza CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	A1 Stable	Spanish	01/2019
Banco Fassil CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	AA3 Stable	Spanish	01/2019
CIDRE CREDIT RATING	MicroFinanza Rating	Bolivia	N/A	BBB1 Stable	Spanish	01/2019
Pro Mujer - ARG MICROFINANCE INSTITUTIONAL RATING	MicroFinanza Rating	Argentina	GOOD	BB+ Stable	Spanish	12/2018
Banco VisionFund Ecuador CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	A+ Stable	Spanish	12/2018
CCC Ambato CREDIT RATING	MicroFinanza Rating	Ecuador	N/A	BB+ Stable	Spanish	12/2018