VOL. XLV
No 50
16-December-2002
OMAN
Fitch Downgrades OIB Due To Falling Market Share And Declining Asset Quality
Ratings agency Fitch has downgraded Oman International Banks (OIBs) individual rating from C to C/D. Its long-term, short-term and support ratings have been affirmed at BBB-, F3 and 2 respectively, and the outlook remains stable. The move reflects Fitchs concern over the banks falling market share of loans and deposits over the past three years, increasing loan loss provisions and...
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