National Bank of Oman – LT FCR Raised Following Sovereign Action

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) of National Bank of Oman (NBO or the Bank) to 'BBB-' and 'A3', respectively, from 'BB+' and 'B'. The Outlook for the LT FCR has been revised to Stable from Positive. At the same time, CI Ratings has affirmed NBO's Bank Standalone Rating (BSR) of 'bb+' with a Stable Outlook, the Core Financial Strength (CFS) rating of 'bbb-' and the Extraordinary Support Level (ESL) of Moderate.

Attachments

• Rating Announcement (CRA)
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