{"id":19283,"date":"2024-11-13T00:00:00","date_gmt":"2024-11-13T00:00:00","guid":{"rendered":"https:\/\/www.fm.gov.om\/19283\/"},"modified":"2025-12-31T11:59:15","modified_gmt":"2025-12-31T11:59:15","slug":"bank-muscats-credit-rating-upgraded","status":"publish","type":"post","link":"https:\/\/www.fm.gov.om\/en\/19283\/","title":{"rendered":"Bank Muscat&#8217;s credit rating upgraded"},"content":{"rendered":"<p><a href=\"https:\/\/www.fitchratings.com\/\" target=\"_blank\" rel=\"noopener\">Fitch Ratings<\/a> affirmed <a href=\"https:\/\/www.bankmuscat.com\/en\/Pages\/default.aspx\" target=\"_blank\" rel=\"noopener\">Bank Muscat<\/a>\u2019s long-term credit rating at BB+ with a stable outlook tied to the strong profile of Oman\u2019s economy.<\/p>\n<p>The agency reported favourable economic conditions for Omani banks, bolstered by higher oil prices in 2024.<\/p>\n<p>Fitch said Bank Muscat&#8217;s viability rating is constrained by Oman\u2019s sovereign rating due to the bank\u2019s substantial exposure to the public and government sectors under its local business model.<\/p>\n<p>The rating reflects the bank&#8217;s prominent position in Oman, giving it access to high-quality borrowers, robust funding from government related entities, asset quality stability and strong capital and liquidity levels.<\/p>\n<p>Bank Muscat dominates the market in Oman, enhancing its pricing power and access to low cost funding sources, which supports its net interest margin and cautious growth, driven by improved net interest margin and diversified revenue streams.<\/p>\n<p><img data-opt-id=609041043  fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-64887 size-fusion-800\" src=\"https:\/\/mlzlkxvcvliz.i.optimole.com\/cb:ghTT.1f99\/w:auto\/h:auto\/q:mauto\/g:sm\/f:best\/https:\/\/www.fm.gov.om\/wp-content\/uploads\/Image-7-3-800x531-1.jpeg\" alt=\"Fitch Ratings headquarters in New York\" width=\"800\" height=\"531\" \/><\/p>\n<p>Last month, <a href=\"https:\/\/www.fm.gov.om\/bank-muscats-credit-rating-upgraded-with-stable-outlook\/\" target=\"_blank\" rel=\"noopener\">S&amp;P Global also upgraded Bank Muscat\u2019s long-term and short-term credit ratings<\/a>, similarly attributing the bank&#8217;s favourable performance to Oman\u2019s positive business environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch said economic conditions are favourable for Omani banks.<\/p>\n","protected":false},"author":1,"featured_media":18836,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[76,116],"tags":[],"class_list":["post-19283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-posts-and-videos","category-trade-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/posts\/19283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/comments?post=19283"}],"version-history":[{"count":1,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/posts\/19283\/revisions"}],"predecessor-version":[{"id":19284,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/posts\/19283\/revisions\/19284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/media\/18836"}],"wp:attachment":[{"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/media?parent=19283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/categories?post=19283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fm.gov.om\/en\/wp-json\/wp\/v2\/tags?post=19283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}