Moodys Rates Bank Muscats Note Program
Moody's Investors Service has assigned a Baa3 rating to the senior tranche of Bank Muscats $800mn Euro Medium-Term Note Program. The unsubordinated notes issued under this program will carry the Baa3 rating, while the subordinated notes will be rated when issued. The Baa3 unsubordinated debt rating is the same as the Omani banks Baa3 foreign currency deposit rating. At the same time, Moody's has also revised the outlook...