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Fitch revises Omantel view to stable
Fitch Ratings said it revised the outlook on Oman Telecommunications Co. SAOG's (Omantel) to stable from negative and affirmed the long-term foreign-currency issuer default ratings at BB-.
The agency revised Oman’s outlook to stable on Dec. 20.
“Fitch rates Omantel under its government-related entities methodology, given close ties with the government and significant domestic operations in the country,” the agency said in a press release.
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