VOL. XL

No. 8

24-February-1997

OMAN

Forthcoming Omani Bond Issue Rated BBB - By S&P

The US ratings agency Standard and Poor's (S&P) announced on 20 February that it had issued a BBB-rating with a stable outlook on the first sovereign eurobond issue to be undertaken by the Sultanate of Oman. The announcement is, unsurprisingly, identical to the sovereign rating which the agency issued on Oman early last year and which remains current. S&P adduced "the responsible economic management"...