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Prospect News home > News index > List of issuers B > Headlines for Bank Muscat SAOG > News item |
S&P cuts BankMuscat to junk
S&P said it lowered its long- and short-term counterparty credit and issue ratings on BankMuscat SAOG to BB+/B from BBB-/A-3.
The outlook remains negative.
The rating action follows the lowering of S&P’s foreign and local currency sovereign credit ratings on the Sultanate of Oman.
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