MFR Global Rating Agency

INSTITUTION	REPORT	COUNTRY	AREA	GRADE	LANGUAGE	ISSUE DATE
Apollo Agriculture	Client Protection Certification	KENYA	SSA	Certified Bronze	English	December 2026
Salmon Finance Inc.	Client Protection Certification	PHILIPPINES	SSEA	Certified Silver	English	December 2026
Sarvodaya Development Finance Plc	Client Protection Certification	SRI LANKA	SSEA	Certified Bronze	English	December 2026
SEEDS FINCAP PRIVATE LIMITED	Client Protection Certification	INDIA	SSEA	Certificated Golden	English	December 2026
ADICLA	Social Rating	GUATEMALA	LAC	ˢBB-	Spanish	December 2026
ADICLA	Institutional Rating	GUATEMALA	LAC	β+Intermedio	Spanish	December 2026
Mi-Bospo Fondacija	Social Rating	BOSNIA AND HERZEGOVINA	ECA (NON-EU COUNTRIES)	sA	English	December 2026
O3 Capital Nigeria Limited	Social Rating	NIGERIA	SSA	sB+	English	December 2026
Bayport	Institutional Rating	ZAMBIA	SSA	Certified Gold	English	December 2026
Fansoto	Social Rating	SENEGAL	SSA	Certificated Bronze	French	August 2026

INSTITUTION

REPORT

COUNTRY

AREA

GRADE

LANGUAGE

ISSUE DATE

Apollo Agriculture

Client Protection Certification

KENYA

SSA

Certified
Bronze

English

December 2026

Salmon Finance Inc.

Client Protection Certification

PHILIPPINES

SSEA

Certified
Silver

English

December 2026

Sarvodaya Development Finance Plc

Client Protection Certification

SRI LANKA

SSEA

Certified
Bronze

English

December 2026

SEEDS FINCAP PRIVATE LIMITED

Client Protection Certification

INDIA

SSEA

Certificated
Golden

English

December 2026

ADICLA

Social Rating

GUATEMALA

LAC

ˢBB-

Spanish

December 2026

ADICLA

Institutional Rating

GUATEMALA

LAC

β+Intermedio

Spanish

December 2026

Mi-Bospo Fondacija

Social Rating

BOSNIA AND HERZEGOVINA

ECA (NON-EU COUNTRIES)

English

December 2026

O3 Capital Nigeria Limited

Social Rating

NIGERIA

SSA

sB+

English

December 2026

Bayport

Institutional Rating

ZAMBIA

SSA

Certified
Gold

English

December 2026

Fansoto

Social Rating

SENEGAL

SSA

Certificated
Bronze

French

August 2026

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