Moody's lifts Muscat, Oman Arab Bank

Moody's Investors Service said it upgraded the long- and short-term foreign-currency deposit ratings of BankMuscat and Oman Arab Bank to A2/Prime-1 from A3/Prime 2. The bank financial strength ratings remain unchanged. Muscat's foreign-currency rating also remains unchanged at A1.

The outlook has been changed to stable from positive.

The agency said the actions were taken after Moody's upgraded the long- and short-term A3/Prime-2 ceiling for foreign-currency deposit ratings to A2/Prime-1, the long-term local- and foreign-currency government bond ratings to A2 from A3, and the ceiling for foreign-currency debt in Oman to Aa3 from A1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.