Standard & Poor's raises Oman's credit rating to BB-

Muscat: For the first time since 2015, Standard & Poor's raised Oman's credit rating to BB- with a stable outlook.

"Standard & Poor's raises Oman's credit rating to BB- with a stable outlook for the first time since 2015. As a result of the improvement in the state’s public financial indicators and the decrease in the risks of public debt," Oman News Agency (ONA) said.