Ominvest – Ratings Affirmed with Positive Outlook
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Summary
Ref: OM01222CRA 00-01 22 June 2 023
Ominve st – Ratings Affirmed with Positive Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and S hort-Term FCR (ST FCR) of Oman International Development and Investment Company (Ominvest) at ‘BB’ and ‘B’, respectively. The Outlook for the FCR remains Positive. Ominvest’s FCRs and Outlook remain in line with those of the Omani sovereign (‘BB’/‘B’/Positive). At the same time, CI Ratings has affirmed Ominvest’s Long-Term Oman National Scale Rating at ‘omAA’ with a Positive Outlook, and Short-Term National Rating at ‘omA1+’.
For Ominvest, the most important factors when considering liquidity risk and short-term debt repayment capacity at the parent company level are: (i) cash and bank deposits; (ii) readily sale ab le investment securities; and (iii) unu sed borrowing capacity .
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