Ratings of Ahli Bank ( Oman ) Affirmed

Ref: OM017 20 CRA 00- 0 1 9 December 202 1

Ratings of Ahli Bank ( Oman ) Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong- T erm F oreign C urrency R ating (LT FCR) and S hort-Term Foreign Currency Rating (ST FCR ) of Ahli Bank (AB) in Oman at ‘BB’ and ‘ B ’, respectively. At the same time, CI Ratings has affirmed AB’s B ank Standalone Rating (B SR ) of ‘ bb ’ and Core Financial Strength (CFS) rating of ‘bbb-’ . The Bank’s LT FCR and BSR Outlook remains Negative, in common with all other Omani banks. The Bank’s FCR s and Outlook are currently set at the same level as Oman’s sovereign rating s (‘BB’/ ’B’/Negative ) , and remain closely correlated with the sovereign’s creditworthiness. Since AB’s LT FCR is at the sovereign rating level, the E xtraordinary Support Level (ESL) of…