VOL. XLV
No 11
18-March-2002
OMAN
Moodys Affirms Negative Outlook OnOmani Banks
International ratingsagency Moodys Investors Service announced on 6 March that due to a difficultoperating environment, persistently tight liquidity and growing asset problems,it has maintained its negative outlook on Omani banks. In its latest, BankingSystem Outlook, the agency said that the banks operate in a volatile environment,vulnerable to oil prices, with banks overextended and deposits scarce. Thelack of a...
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