VOL. XL

No. 20

19-May-1997

OMAN

IARC Rates Oman Orix Leasing Company

The Inter-Arab Rating Company (IARC) has issued a first time rating of A1(short-term) and A (long-term) on Oman Orix Leasing Company (OOLC), in which Orix Leasing ofPakistan has 20% and the management contract, the International Finance Corporation 10%, andthree local sponsors - Oman National Holding Company, Oman Development Bank and Oman InternationalBank - a total of 49.7%. IARC says that OOLC, which made profits of OR217,000...