Oman aims to further improve its credit ratings

 Oman is expected to further improve its credit ratings and outlook through the implementation of its fiscal consolidation plan under the leadership of His Majesty Sultan Haitham bin Tarik. Higher oil prices in the world market further consolidated the gains and brought windfalls for the economy. Top credit ratings agencies had upgraded Oman’s credit rating in 2022 and revised their outlook upward as a result of fiscal consolidation and prudent measures taken by the government.