Fitch Ratings expects Oman to return to a budget deficit as government debt rises marginally if Brent crude falls to $70 per barrel in 2025 and $65 per barrel in the following years, according to its estimates.
According to Fitch, these estimates come within its basic perception of the Sultanate, which upgraded its rating to "BB+" with a stable outlook last September, reflecting a structural improvement in the oil breakeven price due to the country's fiscal reforms, reducing its vulnerability to future shocks and using strong oil revenues to repay debt.
Source (Al-Arabiya.net Website, Edited)
