Fitch Revises Outlook On Oman To Positive Affirms At 'BB'

April 11, 2023 08:45 PM AEST | By Reuters
Follow us on Google News:

April 11 (Reuters) - Fitch Ratings :

* FITCH REVISES OUTLOOK ON OMAN TO POSITIVE; AFFIRMS AT 'BB'

* FITCH SAYS OMAN'S POSITIVE OUTLOOK REFLECTS LOWER GOVERNMENT DEBT/GDP, WITH HIGH OIL PRICES AND SPENDING RESTRAINT REDUCING EXTERNAL LIQUIDITY RISK

* FITCH SAYS OUTLOOK ALSO INCORPORATES OUR EXPECTATION THAT OMAN'S GOVERNMENT REMAINS COMMITTED TO FISCAL CONSOLIDATION

* FITCH ON OMAN SAYS POTENTIAL SOCIAL PRESSURE FROM LOW EMPLOYMENT RATE OF YOUNG OMANIS REMAINS A RISK TO PUBLIC FINANCES

* FITCH PROJECTS OMAN'S SOVEREIGN NET FOREIGN ASSETS TO RETURN TO A POSITIVE POSITION IN 2023 Source text for Eikon:


Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.



Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK