Oman Arab Bank - LT FCR and BSR Raised due to Improving Sovereign and Operating Environment Risk

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Oman Arab Bank's (OAB) Long-Term Foreign Currency Rating (LT FCR) to 'BB+' from 'BB' and the Bank Standalone Rating (BSR) to 'bb+' from 'bb'. The Outlook for the LT FCR and BSR has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.

Attachments

• Rating Announcement (CRA)
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