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Prospect News home > News index > List of issuers O > Headlines for OQ SAOC > News item
Published on 8/25/2022 in the Prospect News Emerging Markets Daily.

Fitch upgrades OQ

Fitch Ratings said it upgraded OQ SAOC's long-term issuer default rating and senior unsecured ratings to BB from BB-. The recovery rating on the notes remains RR4.

“The upgrade follows the upgrade of Oman's sovereign rating to BB from BB- on Aug. 15, 2022. OQ's IDR is equalized with that of Oman (BB/stable), reflecting Fitch's view of strong links between OQ and the state,” the agency said in a press release.

The outlook is stable.


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