Tuesday 13 March 2012

Moody’s affirms A1 credit rating | Oman Observer

Oman’s A1 foreign and local currency govt bond ratings are supported by economic and financial strengths - MUSCAT — International ratings agency Moody’s has affirmed the Long Term Issuer (domestic and foreign currency) credit rating of the Government of Oman at A1.
In affirming its current rating position on the Sultanate, Moody’s stated: “Oman’s A1 foreign and local currency government bond ratings are supported by the country’s economic and financial strengths. Its large fiscal and external current account surpluses have enabled the accumulation of foreign assets by both the public and private sectors while the country’s external debt remains low. Economic and financial event risks are mitigated by the country’s strong international investment position.”

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