Middle East Economic Survey

VOL. XLVII

No 42

18-October-2004

OMAN

RATINGS

Moodys Affirms Ratings On BankMuscat And NBO, But Reviews Banks Financial Strength

Ratings agency Moodys on 7 October affirmed the credit ratings of BankMuscat and National Bank of Oman (NBO) following the recent announcement of their planned merger. However, it is reviewing for possible down-grade the D+ financial strength rating (FSR) of BankMuscat, and reviewing for possible upgrade the D- FSR of NBO as a result of the...