Middle East Economic Survey


No 35



CI Raises Oman Arab Bank Foreign Currency Ratings

Capital Intelligence (CI) announced on 23 August that it has raised Oman Arab Banks (OABs) foreign currency ratings to BBB+ long term from BBB and to A2 short term from A3. The rating upgrade reflects CIs increased confidence that government support for the local banking sector will be high in case of need, an agency statement said. The financial strength rating is maintained at BBB, with...