VOL. XLII

No. 12

22-March-1999

OMAN

S&P Affirms Oman痴 Foreign Currency Rating; DowngradesOutlook To Negative

Standard & Poor痴 Ratings Agency (S&P) on 18 Marchaffirmed its BBB- long-term foreign currency sovereign and senior unsecuredcredit ratings for Oman, but changed its outlook to negative from stable. Atthe same time S&P assigned BBB and A-3 long and short-term local currencysovereign credit ratings, as well as an A-3 short-term foreign currency creditrating, but said the...