Bank Muscat - Ratings Lowered; Outlook Remains Negative

Overview

apital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Bank Muscat (BM) to 'BB+' and 'B', respectively, from 'BBB-' and 'A3'. At the same time, CI Ratings has lowered BM's BSR to 'bb+' from 'bbb-'. The Outlook for both the LT FCR and BSR remains Negative.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Oman, Bank Muscat SAOG)
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