Once A-Rated at S&P, Oman Now Risks Descending Deeper Into Junk - Bloomberg:
S&P Global Ratings started a 12-month countdown for Oman to steady its public finances and stop loading up on external debt -- or risk an even deeper descent into junk.
Rated A by S&P as recently as four years ago, the company put the sultanate on notice on Friday by cutting the outlook to negative while affirming its debt score at BB, two levels below investment grade and on par with Paraguay and Serbia. Both Fitch Ratings and Moody’s Investors Service have Oman one notch higher than S&P.
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