Muscat Finance – Long-Term National Rating Revised to ‘omA-‘ Following Recalibration of Oman National Scale; Outlook Remains Stable

Ref: OM025 21PNC 00-01 18 March 2021

Muscat Finance – Long-Term National Rating Revised to ‘omA-’ Following Recalibration of Oman National Scale ; Outlook Remains Stable

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Long-Term r ating on the Oman National Scale of Muscat Finance S.A.O.G. (MF) to ‘omA-’ from ‘omBBB+ ’. The Short-Term rating on the same scale has been affirmed at ‘omA2’. The Outlook on the r atings remains Stable.

The change in the Long-Term rating reflects the recalibration of the National Rating Scale for Oman. The rating imp act of the deterioration in th e operating environment on MF ’s credit profile ha s been partly offset by the recalibration of the national rating scale for Oman, which – taken in isolation – has had a positive impact on national rating grade s . This is because n ational ratings provide a measure of relative…