Muscat Gases Company (S.A.O.G) Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
- Language: English
- Published: November 2011
The ratings on BankMuscat S.A.O.G., based in the Sultanate of Oman (A-/Stable/A-2), reflect the bank's dominant commercial position in its domestic market, good earnings profile, and improving asset quality and capitalization. They also take into account controlling ownership by the government of Oman. Standard & Poor's Ratings Services expects that government support would most likely be available in times of difficulty. The ratings are constrained, however, by the small and concentrated Omani economy, the bank's partial reliance on wholesale funding due to its high loan leverage, and its voluntary geographic expansion that could generate new risks. With a market share of about 35% in loans and deposits, BankMuscat is the leading bank in Oman's small financial sector. Consolidated assets totaled...
Companies mentioned in this report are: BankMuscat S.A.O.G.
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