Muscat – Fitch Ratings has upgraded the long-term issuer default ratings (IDRs) of five Omani banks – Bank Muscat, Sohar International Bank, National Bank of Oman (NBO), BankDhofar and Ahlibank. The upgrades follow Fitch’s recent upgrade of Oman’s sovereign credit rating to investment-grade BBB-, driven by sustained improvements in the country’s public and external balance […]