Alizz Islamic Bank – National Ratings Raised Following Recalibration of Oman National Scale; Outlook Remains Negative

Ref: OM03 1 2 1PNB 00- 0 1 11 Ma rch 20 2 1

Alizz Islamic Bank – National Rating s Raised Following Recalibration of Oman National Scale; Outlook Remains Negative

Capital Intelligence Ratings (CI Ratings or CI) has revised the Long-Term National R ating of Alizz Islamic Bank (Alizz) to ‘omA A’ ( from ‘omA- ’ ) and t he Short-Term rating to ‘omA1 +’ ( from ‘omA2’ ) following the recalibration of Oman’s National Scale . The Outlook on the ratings remains Negative. The change in Alizz ’ s ratings reflects the recalibration of the National Rating Scale for Oman , following the recent downgrade of Oman ’ s sovereign issuer ratings to ‘BB’/Negative from ‘BB+’/Negative .

National scale ratings provide a measure of relative creditworthiness within a particular country and are derived in part from international ratings using country-specific maps. The…