National Bank of Oman – LT FCR Outlook Revised to Positive
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Ref: OM006 2 4PBK00-02 1 8 September 202 4
National Bank of Oman – 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 National Bank of Oman (NBO) 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 NBO’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 NBO receiving extraordinary support from the government in the event of…