Ominvest – Outlook on International and National Long-Term Ratings Revised to Positive Following Similar Sovereign Action
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Ref: OM01223PCP00-01 29 March 2 023
Ominve st – Outlook on International and National Long- T erm Ratings Revised to Positive Following Similar Sovereign Action
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Outlook on the Long-Term International r ating of Oman International Development and Investment Company (Ominvest) to Positive from Stable . The Outlook on the Long-Term rating on the Oman National Scale has also been raised to Positive from Stable . At the same ti me, CI Ratings has affirmed Ominvest’s Long- and Short-Term International r atings at ‘BB’ and ‘B’, res pectively. The Company’s Long- and Short-Term N ational ratings have also been affirmed at ‘omAA ’ and ‘omA1+’, respectively, for the same reasons cited below.
The revision in the Outlook for Ominvest’s ratings follows a recent similar change in the Oman sovereign ’s …