Alizz Islamic Bank – Outlook Revised to Stable from Negative

Ref: OM03 1 2 2 PNB 00- 0 1 29 Ma rch 20 2 2

Alizz Islamic Bank – Outlook Revised to Stable from Negative

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Rating on the Oman National Scale of Alizz Islamic Bank (AIB) to Stable from Negative . This follows CI Ratings’ recent revision of the Outlook for Oman’s sovereign rating to Stable from Negative. At the same ti me, CI Ratings has affirmed AIB’s Long- and Short-Term Ratings on the same s cale at ‘omA A’ and ‘omA1 +’ , respectively . The Bank’s Long-Term rating incorporates an uplift for extraordinary support.

The revision of Oman’s LT FCR Outlook to Stable reflects the ongoing strengthening of fiscal and external balances, as well as improving government debt metrics – developments which are largely driven by the direct and indirect impact of…