Moody’s agency raises the outlook on the credit rating of Oman from stable to positive. It affirms the rating of the country at Ba3.
Global ratings agency Moody’s on Thursday upgraded Oman’s outlook to “positive” from “stable”, citing elevated oil prices easing the Middle-Eastern nation’s debt position over the next few years.
“The prospect that oil prices remain elevated for the next few years affords the government additional time to advance its fiscal and economic reform agenda,” Moody’s said.
more recommended stories
Missing Omani mother found dead after over 50 days
Muscat: Missing Omani mother found dead.
HH Sayyid Bilarab inaugurates ‘Madinat Al Teeb Model City’
Liwa: As part of celebrations marking.
Oman Participates in 22nd WTTC Global Summit in Riyadh
Riyadh: The Sultanate of Oman, represented.
Royal Oman Police Football Championship kicks off
Muscat: Royal Oman Police Football Championship.
ROP announces Movement of trucks is prohibited tomorrow
Muscat: The Royal Oman Police (ROP).
Ministry of Energy Signs Memorandum for application of “Wusool” electronic document management system
Muscat: The Ministry of Energy and.
Oman LNG mark historic milestone of loading 3000th LNG cargo from Sur
Sur: Oman LNG company has marked.
Oman attends the 38th COMCEC Ministerial Session in Turkey
Istanbul: The Sultanate of Oman, represented by.
Oman’s Inflation Rate rises 2.39pc in October 2022
Muscat: The inflation rate in the.
New Chairman Elected for OCCI board for 2022-2026
Muscat: Faisal Abdullah Al Rowas was.