Capital Intelligence raises OAB rating

26 August 2010

Capital Intelligence (CI) has raised Oman Arab Bank's (OAB) foreign currency ratings to 'BBB+' long-term and 'A2' short-term, from 'BBB' and 'A3' respectively, Times of Oman has reported. The rating upgrade reflects the firm's increased confidence that government support for the local banking sector will be high in case of need, the rating agency said.

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