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Capital Intelligence upholds Oman International ratings
- Oman: Sunday, September 13 - 2009 at 08:50
The international credit rating agency, Capital Intelligence (CI) has affirmed foreign currency ratings of Oman International Bank's (OIB) at BBB long-term and A3 short-term, and the financial strength rating at BBB. The ratings reflect the bank's position in the local economy, its large retail customer franchise and the likelihood that the government will provide support in case of need, CI said. The bank's good liquidity, improving asset quality, good capital ratio and reasonably good earnings underscored the financial strength rating.
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