Middle East Economic Survey

VOL. XLVII

No 40

4-October-2004

RATINGS

S&P Affirms BankMuscat Ratings After National Bank of Oman Merger Proposal

Standard & Poor's Ratings Services (S&P) said on 28 September that it has affirmed all of its ratings on Oman-based BankMuscat following the announcement that it is proposing to merge with National Bank of Oman (NBO) as of 1 January 2005 (MEES, 27 September). S&P said BankMuscats ratings remained unchanged, including its BBB-/A-3 counterparty...