AFP: Moody's raises Oman ratings with stable outlook
Moody's Investors Service on Thursday raised the sovereign ratings of the Gulf state of Oman on the back of the strength of its public finances.
Oman's local and foreign currency government bond ratings and the country ceiling for foreign currency bank deposits were both raised to A1 from A2, and the country ceiling for foreign currency bonds was raised to Aa2 from Aa3.
The ratings outlook is stable, Moody's said in a statement.
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