“Fitch” Ratings have revised its outlook for Oman to positive and affirmed its rating at (BB).
The positive outlook for the sultanate, according to the agency, reflects lower government debt relative to GDP, with higher oil prices, spending restrictions, and reduced external liquidity risks. Her outlook also includes expectations that the Omani government will remain committed to fiscal consolidation.
Potential social pressures from low employment for Omani youth continue to pose a fiscal risk. Fitch also expects Oman's sovereign net foreign assets to return to a positive position this year.
Source (Al-Arabiya.net Website, Edited)
