Capital Intelligence has adjusted Bank Muscat’s long- and short-term foreign currency ratings (FCRs) to A- and A2 from A and A1, respectively. The outlook for the FCRs was also revised to 'negative' from 'stable'. The adjustment to both the ratings and outlook is due to the recent lowering of Oman's sovereign long- and short-term FCRs to A- and A2 from A and A1, respectively, as well as the revision of the outlook to 'negative'. CI said it is maintaining Bank Muscat's financial strength rating at A, with a 'stable' outlook, although this is subject to a review of the bank's financials, which is imminent. As the largest bank in the country, Bank Muscat is most likely to receive substantial support in case of need. The bank's support rating is thus maintained at '2', it added. (Muscat Daily)