Fitch
Revises Oman’s Outlook to Positive, Affirms Credit Rating at BB+
New York, 18
Dec (ONA) --- Fitch Ratings today revised the outlook of the Sultanate of Oman from
stable to positive, and affirmed the credit rating of the country at 'BB+'.
This is attributed to the continued reduction of government and state-owned
entities (SOEs) debt, growing record of fiscal prudence and the accumulation of
net sovereign foreign assets.
The agency
projects Oman's budget to post a ...