Oman Arab Bank’s Ratings Affirmed with a Stable Outlook
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Ref: OM007 21 CRA00- 0 1 18 May 20 22
Oman Arab Bank’s Ratings Affirmed with a Stable 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 is Stable.
The Bank’s BSR is derived from a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor (OPERA) of ‘bb-’. The latter indicates moderate risk and takes into account the improving macroeconomic environment due to higher oil prices.
The Bank’s BSR and CFS rating are underpinned by the deep pool of customer deposits…