Moody’s downgrades Oman to junk

DUBAI: Moody’s cut Oman’s credit rating to junk with a negative outlook, citing fiscal challenges at a time of moderate oil prices in a move set to keep its borrowing costs high. Moody’s said in a statement on Tuesday that Oman could face external vulnerability as wide fiscal deficits will contribute to wide current account […]

The post Moody’s downgrades Oman to junk appeared first on Kuwait Times.