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  • 02-12-11

    Moody's reaffirms Al Omaniya Financial Ba3 rating

    (MENAFN) Moody's Investors Service said that it reaffirmed the Ba3 global scale rating to Al Omaniya Financial Services, showing the firm's good profitability, asset quality and capitalization, reported Times of Oman. The agency added it gave the Omani firm a stable outlook, adding that the company managed to rank as one of the most important companies in the Omani leasing sector. It also said that the company was the largest non-banking financial company (NBFC) in the country with an estimated market share of about 25 percent, whereas its total asset size at the end of June reached USD369 million. It is worth noting that Al Omaniya Financial Services maintains a low number of non performing assets (NPAs) at 1.8 percent of total leased assets in terms of asset quality.

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