News & Credit Rating Announcements
21 February 2019 | Country: Oman | Bank: Bank Muscat SAOG
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Bank Muscat - Ratings Lowered Following Sovereign Rating Action
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has lowered Bank Muscat's (BM) Long-Term Foreign Currency Rating (FCR) to 'BBB-' from 'BBB'. The Bank's Financial Strength Rating (FSR) was also lowered, to 'BBB' from 'BBB+'. At the same time, the Short-Term FCR was affirmed at 'A3'. The Outlook for all the ratings was revised to Stable from Negative.
Attachments
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Credit Rating Announcement (CRA)
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