Moody’s downgrades Oman to A3

Moody's Investors Service said it downgraded Oman's government long-term issuer rating to A3 from A1 and placed it on review for further downgrade.

The key driver for the rating downgrade is the highly negative impact of the structural shift in lower oil prices, which has continued through the opening months of 2016, on Oman's government finances, balance-of-payments position, and economic performance.

© 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.