Ominvest – Ratings Upgraded with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Oman International Development and Investment Company (Ominvest or the Group) to ‘BBB-’ and ‘A3’, from ‘BB+’ and ‘B’, respectively. The Outlook on the LT FCR is Stable.

At the same time, CI Ratings has upgraded Ominvest’s Long-Term Rating on the Oman National Scale to ‘omAA+’ from ‘omAA’. The Short-Term Rating on the same scale is affirmed at ‘omA1+’. The Outlook on the Long-Term rating is Stable.

The principal factors driving the uplift in the ratings are the anticipated reduction in leverage metrics over the next 12 months and the continuing improvement in the operating environment in Oman. Ominvest is expected to be able deleverage by divesting non-core assets over the coming periods. Partial reduction in debt was already noted in 2024, which improved the debt…