Standard & Poor's has given Oman a negative BBB rating with a stable outlook. The Agency's latest report on Oman's economy was dominated by positive ratings, driven by a strong financial position, oil and gas exports, and improved several key indicators. Which helps him complete the ambitious reform program.
The agency attributed the rating to continued improvement in budget performance and enhanced financial resilience, as well as ongoing government efforts to reduce public debt and corporate governance. She pointed out that the Sultanate of Oman has made remarkable progress over the past years in addressing the structural challenges it faced, including the large deficit in the state's general budget and balance of payments.
The agency expects real GDP growth to improve to an average of about 2 percent per year between 2025 and 2028, after achieving stable growth of between 1.2 percent and 1.3 percent in 2023 and 2024.
Source (Al-Arab Newspaper of London, Edited)
