Ahli Bank (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 of Ahli Bank (AB 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 AB'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. The Stable Outlook for the LT FCR and BSR indicates that the ratings are likely to remain unchanged over the next 12 months and reflects our expectation that the Bank will maintain a broadly stable business and financial position.

Attachments

• Rating Announcement (CRA)
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