S&P revises Oman’s outlook to positive; affirms credit rating ‘BB+/B’ 

RIYADH: Oman’s improved fiscal position prompted international credit rating agency S&P Global to upgrade the country’s outlook from stable to positive.  

It also affirmed the long- and short-term foreign and local currency sovereign credit ratings at “BB+/B,” according to a press release. 

This comes as the agency believes that the Oman government’s fiscal and economic reforms, particularly those targeting operational efficiencies and stronger financial profiles for state-owned enterprises, will continue. 

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