VOL. XLVII
No 19
10-May-2004
RATINGS
Moodys Downgrades NBO Financial Strength Rating To D-
Ratings agency Moodys on 3 May downgraded the Financial Strength Rating (FSR) of National Bank of Oman (NBO) to D- from D, with a negative outlook. The long and short-term foreign currency deposit ratings for NBO remain unchanged at Baa3/Prime-3, one notch lower than the Baa2/Prime-2 country ceiling, imputing a high level of external support from the authorities, indicative of the banks size and importance...
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