Moody’s revises Oman’s banking sector outlook to stable Finance

Moody’s revises Oman’s banking sector outlook to stable

CONRAD PRABHU MUSCAT: Leading international ratings agency Moody’s has revised the outlook for Oman’s banking sector (Baa3 stable) to stable from positive, citing expectations that non-oil GDP growth will remain around 3.5% in 2026, which is expected to sustain loan growth. Economic activity is anticipated to be driven by robust sentiment, growth in tourism, and […]