Fitch Ratings has upgraded Oman Re [4]'s financial strength rating from "BB+" to "BBB-". The outlook is stable.
This decision came in the wake of an upward revision of the sovereign ratings of the Sultanate of Oman and five local banks.
The rating also reflects the company's strong financial performance and solid capitalization.
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-204-october-2023
[4] https://www.atlas-mag.net/en/article/oman-re