Ahli Bank ( Oman ) – Ratings Affirmed with Positive Outlook
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Summary
Ref: OM017 2 2 CRA 00- 0 1 7 December 202 3
Ahli Bank ( Oman ) – Ratings Affirmed with Positive Outlook
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’ , Core Financial Strength (CFS) rating of ‘bbb-’ and Extraordinary Support Level (ESL) of Moderate . The Outlook for the LT FCR and BSR remains Positive .
The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and an O perating Environment Risk Anchor (O PERA ) of ‘bb-’. The CFS reflects the prudent risk management framework and still fairly low NPL ratio, good CAR underpinned by ongoing shareholder support, and sound…