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OAB, BankDhofar ratings affirmed by CI

BankDhofar's and Oman Arab Bank's (OAB) long-term and short-term foreign currency ratings have been affirmed by credit rating agency Capital Intelligence at 'BBB+' and 'A2,' respectively, with a 'stable' outlook, Muscat Daily has reported. The ratings of both banks were underpinned by the high likelihood of support from the government and good financials. Both the banks' financial strength ratings were maintained at 'BBB.'