Oman Arab Bank – Ratings Affirmed with a Positive Outlook

Ref: OM007 22 CRA00- 0 1 31 May 20 2 3

Oman Arab Bank – 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 Oman Arab Bank (OAB) at ‘ BB’ and ‘B’, 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 remains Positive .

The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor (OPERA) of ‘bb-’. The BSR and CFS rating are underpinned by the Bank’s deep pool of customer deposits which support its fairly good loa n-based liquidity position, solid capital ratios , and still sound loan…