Tuesday 01, August 2017 by Georgina Enzer

Moody's takes rating action on six Omani banks and one finance company

Moody's Investors Service ("Moody's") has downgraded the long-term local and foreign currency deposit ratings of the six banks it rates in Oman: BankMuscat S.A.O.G. (to Baa2 from Baa1), HSBC Bank Oman SAOG (to Baa2 from Baa1), Bank Dhofar SAOG (to Baa3 from Baa2), National Bank of Oman Limited (SAOG) (to Baa3 from Baa2), Oman Arab Bank (SAOC) (to Baa3 from Baa2) and Bank Nizwa SAOG (to Ba1 from Baa3).

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