Fitch changes Oman Electricity to negative

Fitch Ratings said it revised the outlook on Oman Electricity Transmission Co. SAOC to negative from stable and affirmed its long-term issuer default rating and long-term local-currency issuer default rating at BBB.

Fitch said the outlook revision follows the June 19 change in outlook on Oman's BBB long-term issuer default ratings to negative from stable.

Oman Electricity’s BBB rating benefits from a one-notch uplift for state support.

© 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.