National Bank of Oman – Ratings Affirmed with a Positive Outlook
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Ref: OM006 2 2 CRA00- 0 1 31 May 202 3
National Bank of Oman – Ratings Affirmed with a Positive Outlook
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 National Bank of Oman (NBO) at ‘BB’ and ‘B’, respectively. At the same time, CI Ratings has affirmed NBO’s Bank Standalone Rating (BSR) of ‘bb’, Core Financial Strength (CFS) rating of ‘bbb-’ and Extraordinary Support Level (ESL) of Moderate. The Outlook f or the LT FCR and BSR remains Positive .
The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor (OPERA) of ‘bb-’. OPERA denotes moderate risk and reflects the economy’s limited diversification, moderate external buffers, low monetary policy flexibility , and elevated geopolitical risks. CI however notes that the…