The credit rating of the Sultanate of Oman at the level of investment merits "BBB-"
Muscat on September 27 / WAM / Standard & Poor’s confirmed the credit rating of the Sultanate of Oman at the level of investment merits “BBB -” while maintaining a stable future look, praising the strength of the economy and the government’s commitment to financial measures and its ability to maintain the stability of its economic conditions despite the fluctuations of oil prices.
The agency expected the real GDP growth to exceed 2% during the period (2025-2028), up from 1.7% in 2024, driven by expected annual growth for non-oil sectors of 2.9%.
On the public finance level, the public debt is expected to continue to decrease from 36% in 2024 to 33% by 2028, while inflation will remain at low levels with an average of 1.5% annually.
The agency also expected a slight financial deficit by 0.5% in 2025, followed by a financial balance during the years (2026-2028), based on expectations of the rise in the price of Brent crude to $ 65 a barrel.
The Standard & Poor’s report confirmed that the government’s continued implementation of structural reforms, such as diversifying sources of income and the launch of the “Future Oman Fund”, enhances the stability of the economy and its ability to attract foreign investment.
– Khal –
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
