Oman Arab Bank – LT FCR Outlook Revised to Positive

Ref: OM007 2 4 PBK 00-02 1 8 September 20 2 4

Oman Arab Bank – 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 Oman Arab Bank (OAB) 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 OAB’s the 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 OAB receiving extraordinary support from the government in the event of need. In…