VOL. XLVII

No 13

29-March-2004

RATINGS

Capital Intelligence Raises Omans Alliance Housing Bank Rating

Capital Intelligence (CI) announced on 24 March that it has upgraded the long-term foreign currency rating of Alliance Housing Bank (AHB) to BBB- (investment grade) from BB+ in view of the banks growing maturity and sustained good performance last year. The support rating has been raised to three from four to reflect the rising ownership of state-owned entities in the banks capital. The short-term...