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Fitch cuts Oman Electricity, Mazoon
Fitch Ratings said it downgraded Oman Electricity Transmission Co.’s (OETC) and Mazoon Electricity Co.’s long-term foreign and local currency issuer default ratings to BBB- from BBB.
The outlook is negative.
The actions follow the Dec. 11 downgrade of Oman's long-term foreign- and local-currency issuer default ratings to BBB- from BBB. The outlooks are negative.
The agency said its assessment of fundamental issuer-specific credit considerations is unchanged.
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