Tuesday 11, January 2011 by

Fitch Affirms Bank Muscat at 'A-'; outlook stable

Bank Muscat's Long and Short-term IDRs and Support Rating reflect Fitch's belief that there is an extremely high probability of support from the bank's shareholders and the Omani authorities, in case of need. Fitch's opinion is based on the government's large stake in the bank, its systemic importance and the long history of regulatory support for banks by the Central Bank of Oman (CBO).

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