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Prospect News home > News index > List of issuers O > Headlines for Oman Telecommunications Co. SAOG > News item
Published on 10/2/2023 in the Prospect News Emerging Markets Daily.

Fitch ups Omantel to BB+

Fitch Ratings said it upgraded Oman Telecommunications Co. SAOG's (Omantel) long-term issuer default rating to BB+ from BB.

The outlook on the IDR is stable.

Fitch also affirmed the BB+ senior unsecured ratings on its $600 million and $900 million notes maturing in 2023 and 2028, respectively. The recovery rating is RR4.

The upgrade follows a similar action on the Omani sovereign on Sept. 25.


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