Omani banks’ intrinsic credit profiles face pressure throughout 2021 due to economic disruption caused by the pandemic and the government’s restrictive fiscal policy, said Fitch Ratings in a new report. The sector’s Stage 3 loans ratio to increase by 100bp-150bp from 4.4% at end-2020 as borrower support measures expire and loan classification normalises, the report said, adding that the proportion of restructured loans (4% at end-2020) is also likely to ...