And Omans Foreign Currency Long-Term Rating...
On 5 January CI announced that it had upgraded the foreign currency long-term rating for Oman to BBB, from BBB- but that the short-term rating remains unchanged at A3. According to the agency, the move was due to "higher oil prices since the beginning of 1999 as well as tough economic measures taken by the government to boost revenues, cut expenditure and reduce unnecessary imports." CI says that these have...
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