Bank Dhofar's Rights Issue Is Credit Positive
ISSUER COMMENT BANKING NOVEMBER 3, 2016 Bank Dhofar’s Rights Issue Is Credit Positive From Credit Outlook Last Thursday, Oman’s Bank Dhofar SAOG (Baa2/Baa2 negative, ba11) announced that the Omani Capital Market Authority had approved subscriptions to its OMR40 million ($103.5 million) rights issue. Bank Dhofar’s capital increase of around 100 basis points is credit positive because it reverses a
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