Ahli Bank ( Oman ) – Ratings Affirmed

Ref: OM017 21 CRA 00- 0 1 8 December 202 2

Ahli Bank ( Oman ) – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong- T erm F oreign C urrency R ating (LT FCR) and S hort-Term Foreign Currency Rating (ST FCR ) of Ahli Bank (AB) in Oman at ‘BB’ and ‘B’, respectively. At the same time, CI Ratings has affirmed AB’s Bank Standalone Rating (BSR) of ‘bb’ and Core Financial Strength (CFS) rating of ‘bbb-’ . The Outlook for the LT FCR and BSR remains Stable, in common with all other Omani banks.

As AB’s BSR is currently at Oman’s sovereign rating level, CI’s E xtraordinary Support Level (ESL) of Moderate does not result in any uplift for the LT FCR. Also, in common with other Omani banks, AB does not fulfil our criteria for being rated above the sovereign. That said, the Bank’ s FCR s are set…