Ahli Bank (Oman) – LT FCR Outlook Revised to Positive

Ref: OM01 7 2 4PBK 00- 0 2 1 8 September 202 4

Ahli Bank (Oman) – LT FCR Outlook Revised to Positive

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook for the Long-Term Foreign Currency Rating (LT FCR) of Ahli Bank Oman ( AB ) to Positive from Stable . The change follows CI Ratings’ recent revision of Oman’s sovereign rating Outlook to Positive from Stable . At the same time, CI has affirmed AB’s LT FCR and Bank Standalone Rating (BSR) of ‘BB+’ and ‘ bb + ’ (latter on Stable Outlook) , respectively. The Bank’s Short-Term Foreign Currency Rating (ST FCR) of ‘B’ , Core Financial Strength ( CFS ) rating of ‘bbb-’ , and Extraordinary Support Level (ESL) of Moderate have also been affirmed.

The Positive Outlook reflects CI’s expectation that the Bank’s LT FCR is likely to be upgraded over the next 12 months. Oman’s gradually …