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Fitch rates 4 Omani banks' IDR
- Oman: Saturday, September 19 - 2009 at 11:13
Fitch Ratings has affirmed the long-term IDRs of Omani banks BankDhofar, Oman Arab Bank and Oman International Bank at 'BBB+' and Bank Muscat (BM) at 'A-'. All of the four banks were given 'Stable Outlook'. Fitch attributes its ratings to on the banks' 'systemic importance to the Omani banking system and the Omani authorities' strong history of support'. The agency views credit is the main risk for Omani banks as relatively high borrower concentration remains a concern.
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Medilyn Manibo, Assistant News EditorSaturday, September 19 - 2009 at 11:13 UAE local time (GMT+4)
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