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...