S&P rates Oman Electricity notes BBB+

Standard & Poor’s said it assigned a BBB+ long-term corporate credit rating to Oman Electricity Transmission Co. SAOC.

The agency also said it assigned a BBB+ rating to the debt issuance of special-purpose vehicle, Lamar Funding Ltd., which benefits from Oman Electricity Transmission’s guarantee.

The outlook is stable.

The rating on Oman Electricity is based on a BBB- assessment of its stand-alone credit profile, which reflects a view of the company’s strong business risk profile and significant financial risk profile, the agency said.

S&P also said it regards Oman Electricity as a government-related entity.

© 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.