Fitch revises the outlook on five Omani banks to negative
Fitch Ratings has revised the Outlook on five Omani banks - Bank Muscat (BM), HSBC Bank Oman (HBON), Ahli Bank SAOG (ABO), Bank Dhofar (BD) and Bank Sohar (BS) to Negative from Stable. The Outlook on National Bank of Oman (NBO) remains Stable. Fitch has also affirmed the Long-Term Issuer Default Rating (IDRs) of all six banks. A full list of rating actions is at the end of this rating action commentary.