CREDIT RATINGS

National Bank of Oman has been accorded the following credit ratings by the industry’s leading rating institutions:

Moody’s (June 2016) 

Bank DepositBase line Credit Assessment

Adjusted Base line ​Credit Assessment
Senior unsecuredOutlook
Baa2/P-2ba1ba1Baa2Stable

​The bank's ba1 BCA reflects:

  1. Oman's Moderate+ macro profile
  2. The bank's solid asset quality metrics, moderated by high single borrower and sector concentration levels
  3. Sound capitalization levels
  4. Solid and improving profitability.

These strengths are moderated by:

  1. High deposit concentration moderating the modest market funding reliance
  2. Modest liquidity buffers.

NBO, established in 1973 in Muscat, provides conventional and Islamic products and services to corporates and individuals.

Rating Drivers

  • Moderate+ macro profile supporting the bank's ratings
  • Solid asset quality metrics, moderated by high single borrower and sector concentrations
  • Sound capitalisation metrics supported by improving profitability
  • Modest market funding reliance moderated by high deposit concentrations
  • Modest liquidity buffers
  • Moderate probability of affiliate support from CBQK in case of need, and very high probability of government

support from Oman authorities in case of need.

Capital Intelligence (June 2016)

​ Foreign currency Long-TermForeign currency Short-Term​ Bank Financial
Strength
SupportOutlook

BBB+

A2

BBB+

3

Negative

 

Fitch Ratings (June 2016)


Long-Term
Short-TermViability ratingSupport ratingSupport rating floorOutlook
BBBF2bbb-2BBBStable​​