VOL. XLII
No. 23
7-June-1999
OMAN
S&P Assigns BB Public Information Ratings To Four OmaniBanks
Standard & Poors (S&P) assigned public informationratings of BB to Bank Muscat International, Commercial Bank of Oman, NationalBank of Oman and Oman International Bank. "The creditworthiness of Omanibanks is supported by their healthy capitalization and profitability, limitedcompetition due to high concentration in the banking sector, and internationalaccounting practices which promote...
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