|
|
 |
|
Viewing report
|
|
|
|
BankMuscat S.A.O.G. Outlook Revised To Positive; 'BBB+/A-2' Ratings Affirmed Jan 08
Standard & Poors, Jan 2008
Abstract
LONDON (Standard & Poor's) Jan. 21, 2008--Standard & Poor's Ratings Services said today that it revised its outlook on Oman-based BankMuscat S.A.O.G. to positive from stable. At the same time, the 'BBB+/A-2' long- and short-term counterparty credit ratings were affirmed. 'The rating actions reflect the bank's sustained leading domestic market position and improving financial performance. Although rapid asset growth and international expansion has put pressure on capitalization, the bank received higher-than-expected new capital, alleviating any potential pressure stemming from the bank's rapid growth in risk assets and planned international expansion,' said Standard & Poor's credit analyst Paul-Henri Pruvost. The ratings on BankMuscat reflect its dominant commercial position in its domestic market, sustained and improving financial performance, and good asset quality...
Companies mentioned in this report are: BankMuscat S.A.O.G.
Action: Affirmed
Action: Outlook: Positive
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
