S&P cuts Oman’s credit rating over oil price fall | The National

S&P cuts Oman’s credit rating over oil price fall | The National:

"S&P has lowered its long-term outlook for Oman, pointing to further economic pressure from the slide in oil prices.

The credit rating agency downgraded the country’s long-term foreign and local currency sovereign credit ratings to BBB plus from A minus.

“The negative outlook reflects our view that the government’s fiscal and external positions could deteriorate beyond our current expectations over the next two years,” said S&P."



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