Bank Dhofar SAOG -- Moody's takes rating actions on four Omani banks and one finance company

Rating action on banks follows downgrade of the Omani Government ratingLimassol, May 16, 2016 -- Moody's Investors Service (Moody's) has today concluded its review for downgrade on the ratings of four Omani banks (initiated on 3 March 2016) by downgrading the long-term deposit ratings of BankMuscat S.A.O.G. (to Baa1 from A3), Oman Arab Bank (SAOC) (to Baa2 from Baa1) and Bank Dhofar SAOG (to Baa2 from Baa1) and confirming the Baa1 long-term deposit rating of HSBC Bank Oman SAOG. Furthermore, Moody's has assigned a negative outlook to Bank Dhofar's long-term ratings while the ratings of the three other banks carry a stable outlook.

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