S&P affirms Oman

Standard & Poor's said it affirmed the A/A-1 long-term and short-term local- and foreign-currency ratings on the Sultanate of Oman and removed the ratings from CreditWatch with negative implications, where they were placed on March 7, 2011.

The outlook is negative.

The action reflects easing of immediate political pressures. Aside from an isolated killing in Sohar the protests were largely peaceful, and the quick response of Sultan Qaboos bin Said al-Said to protestor demands appears to have eased tensions, according to an agency press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.