VOL. XLIV

No. 24

11-June-2001

OMAN

Moodys Changes Outlook To Stable From Negative On Oman Arab Bank

US ratings agency Moodys Investors Service announced on 31 May that it had changed the outlook for the D+ financial strength rating on Oman Arab Bank (OAB) from negative to stable. The stable outlook for the Baa3/Prime 3 foreign currency deposit ratings of OAB remains unchanged, the agency said in a statement, but will be "influenced by any developments related to Arab Banks stake in OAB."

The...