S&P revises Oman’s outlook to positive on improving fiscal position

S&P revises Oman’s outlook to positive on improving fiscal position

The credit rating agency also affirmed its rating for the sultanate at 'BB+/B'.

The post S&P revises Oman’s outlook to positive on improving fiscal position appeared first on The Arabian Stories News.MUSCAT: International credit ratings agency S&P revised its outlook on Oman to positive from stable.

The agency also affirmed its rating for the sultanate at ‘BB+/B’.

“The government’s balance sheet will strengthen and the economic reform program could lead to faster-than-expected deleveraging in many state-owned enterprises, without dampening economic growth outcomes,” S&P said in a statement.

Meanwhile, in a statement issued, the Ministry of Finance said: “Standard & Poor’s has revised the outlook for Oman to positive and affirms the credit rating at “BB+” thanks to the continuous improvement in indicators of state public fiscal performance, posting surpluses, Government efforts to reduce net public debt.”

The post S&P revises Oman’s outlook to positive on improving fiscal position appeared first on The Arabian Stories News. S&P revises Oman’s outlook to positive on improving fiscal position