Moody’s affirms seven Omani banks’ ratings and changes outlook to stable – The National

Moody’s affirms seven Omani banks’ ratings and changes outlook to stable – The National

Moody's Investors Service affirmed the deposit ratings of seven Omani banks and changed the outlook to stable from negative on Monday, saying the action reflected its expectation of continued improvements in the lenders’ operating environment.

Moody's said it affirmed the long-term local and foreign currency deposit ratings of Bank Muscat, HSBC Bank Oman, Bank Dhofar, National Bank of Oman, Sohar International Bank, Oman Arab Bank and Bank Nizwa.

Moody's also affirmed the Baseline Credit Assessments (BCAs) and Adjusted BCAs of the seven Omani banks.