Bank Muscat – Ratings and Positive Outlook for LT FCR Affirmed
Content is restricted
Summary
09 July 2026
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank Muscat (BM or the Bank) at ‘BBB-’ and ‘A3’, respectively. The Outlook for the LT FCR remains Positive. At the same time, CI Ratings has affirmed BM’s Bank Standalone Rating (BSR) of ‘bbb-’, Core Financial Strength (CFS) rating of ‘bbb’ and Extraordinary Support Level (ESL) of High. The BSR Outlook remains Stable.
The Bank’s BSR is derived from a CFS rating of ‘bbb’ and an Operating Environment Risk Anchor (OPERA) of ‘bb+’ (indicating moderate risk), and is constrained by Oman’s sovereign rating (‘BBB-’/’A3’/Positive). The ESL assessment does not result in any uplift for BM’s LT FCR given that its BSR is already at Oman’s sovereign rating level. The ESL of High takes into account the Omani sovereign’s improved capacity to provide…