Moody’s upgrades the Sultanate’s credit rating from stable to positive.

Muscat Media In: Moody’s has raised the credit rating in its report on the future outlook of the Sultanate of Oman from stable to positive, with the rating being fixed at “Ba3”. The agency clarified in its report issued by “Al-Khamis” that this revision of the outlook reflects the extent of the government’s commitment to implementing measures to control financial conditions, in addition to benefiting from the rise in oil prices and fulfilling its obligations towards the public debt during the year 2022.