Fitch affirms Oman Arab Bank

Fitch Ratings said it affirmed Oman Arab Bank's long-term issuer default rating at BBB+.

The outlook is stable.

The ratings reflect the high probability of support from the Omani authorities in case of need based on the bank's systemic importance and the Central Bank of Oman's strong history of support, Fitch said.

The ratings are constrained by the bank's relatively small size and reliance on the domestic market for business, the agency said.

© 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.