Oman Arab Bank – Ratings Affirmed

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 Oman Arab Bank (OAB or the Bank) at ‘BBB-’ and ‘A3’, respectively. At the same time, CI Ratings has affirmed OAB’s Bank Standalone Rating (BSR) of ‘bb+’, Core Financial Strength (CFS) rating of ‘bbb-’ and Extraordinary Support Level (ESL) of Moderate. The Outlook for the LT FCR and BSR is Stable.

OAB’s LT FCR is set one-notch above the BSR to reflect the moderate likelihood of extraordinary support from the Omani government. OAB is the fifth-largest bank in Oman in terms of total assets at end-2024. CI is of the opinion that the sovereign’s strengthened fiscal capacity is likely to ensure that moderate levels of government support will continue to be available to OAB (and the banking sector) in case of need.

The CFS rating and BSR are underpinned by the Bank’s strong…