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Prospect News home > News index > List of issuers H > Headlines for HSBC Bank Oman SAOG > News item
Published on 3/16/2020 in the Prospect News Emerging Markets Daily.

Fitch trims HSBC Bank Oman

Fitch Ratings said it lowered HSBC Bank Oman SAOG's long-term issuer default rating to BB+ from BBB-. The outlook is negative. Fitch also downgraded HSBC Bank Oman's viability rating to bb from bb+.

The rating actions follow the downgrade of Oman's sovereign ratings to BB with a negative outlook on Thursday and consider the impact on the Omani banking sector operating environment and the bank's credit profile.


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