Alizz Islamic Bank – Long-Term National Scale Rating Raised due to Improving Sovereign and Operating Environment Risk

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised Alizz Islamic Bank's (AIB) Long-Term Rating on the Oman National Scale to 'omAAA' from 'omAA'.  The Outlook for the rating has been revised to Stable from Positive. These changes follow CI Ratings' one notch increase in the Operating Environment Risk Anchor (OPERA) to 'bb' from 'bb-' and also take into account the recent upgrade of Oman's sovereign rating to 'BB+' from 'BB'.

Attachments

• Rating Announcement (CRA)
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