Bank Muscat – LT FCR Outlook Revised to Positive

Ref: OM014 24PBK00-02 1 8 September 202 4

Bank Muscat – 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 Bank Muscat ( BM ) 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 BM’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 for the LT FCR reflects the moderate likelihood of BM receiving extraordinary support from the government in the event of need. In accordance with CI’s…