Times of Oman | Standard & Poor's affirms Oman’s credit ratings at A/A-1; outlook stable

Times of Oman | News :: Standard & Poor's affirms Oman’s credit ratings at A/A-1; outlook stable:



"Standard & Poor's Ratings Services affirmed its 'A/A-1' long- and short-term foreign and local currency sovereign credit ratings to the Sultanate. The outlook is stable.



The ratings are supported by Oman's strong net external and general government asset positions and prudent investment policies. They are constrained by the view of its still-nascent public institutions, the challenge of creating sufficient youth employment, and limited monetary policy flexibility.



Based on S&P's assumption that the oil price will decline to around $95 by 2017, the ratings agency expects some weakening in Oman's gross domestic product (GDP) per capita, and in its fiscal and external balances. However, S&P expects the general government's strong net asset position to be maintained at about 78 per cent of GDP in 2014-2017, while the country's net external creditor position should also remain robust at around 77 per cent of current account receipts (CARs)."



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