RIYADH: In a new development signaling a shift in Oman’s economic landscape, global credit rating agency Standard & Poor has upgraded the nation’s long-term credit rating from “BB” to “BB+.”
S&P Global’s assessment underscores a transformation in Oman’s non-oil sector, promising substantial growth in the years ahead, particularly between 2023 and 2026. This shift is poised to play a pivotal role in enhancing the country’s economic prosperity.
Additionally, positive signs within the oil sector are expected to further fuel Oman’s economic expansion.
Source: Arab News
