Middle East Economic Survey


No 38



Four Omani Banks IDRs Affirmed By Fitch With Stable Outlook

Fitch Ratings on 16 September affirmed the long-term Issuer Default Ratings (IDRs) of Omani-based Bank Dhofar (BD), Oman Arab Bank (OAB) and Oman International Bank (OIB) at BBB+ and Bank Muscat (BM) at A-; all with stable outlook. However, the agency downgraded the individual ratings of BD, OIB and OAB to C/D from C while affirming BMs individual rating at C. The four Omani banks...