National Bank of Oman – Outlook Revised to Stable from Negative

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National Bank of Oman – Outlook Revised to Stable from Negative

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on National Bank of Oman’s (NBO) Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) 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 time, CI has affirmed NBO ’s LT FCR and Short-Term Foreign Currency Rating (ST FCR) at ‘BB’ and ‘B’ , respectively. The Bank’s BSR of ‘bb’, Core Financial Strength (CFS) rating of ‘bbb-’ and Extraordinary Support Level (ESL) of Moderate were also affirmed . As NBO’s LT FCR remains set at the same level as Oman’s sovereign rating of ‘BB’, the rating is closely correlated with the…