- Language: English
- Published: June 2014
Summary: Bank Muscat S.A.O.G. Jan 02
- Published: January 2002
- Standard & Poors
The public information ("pi") rating on Bank Muscat S.A.O.G. reflects the bank's leading domestic market position, which has been bolstered by domestic expansion via acquisitions, and adequate earnings and capital. The rating is constrained, however, by the high level of economic risk in Oman, some reliance on wholesale funding at the bank, and a relatively high-risk lending profile, due to lack of geographic diversification and single-party and sector lending concentrations. After merging with Commercial Bank of Oman (CBO) in 2000, Bank Muscat became the leading player in the domestic banking sector. The merger took place after the largest shareholder of Bank Muscat, the Diwan of the Royal Court (Diwan), representing the Sultanate of Oman, purchased a controlling 35% stake in...
Companies mentioned in this report are: BankMuscat S.A.O.G.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >