Moody's Investors Service yesterday said it has maintained A2 investment-grade sovereign ratings of Oman due to extensive offshore assets that will enable the country to fund projected deficits without resorting to debt accumulation.
It also gave stable outlook to the country.
"The government's extensive offshore financial assets will enable it to provide fiscal stimulus and fund projected deficits without resorting to debt accumulation, at least over the short- to medium-term," said Tristan Cooper, Moody's Vice-President/Senior Analyst.
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