Oman’s Default Risk Sinks to Record Low After Moody’s Upgrade

Oman’s Default Risk Sinks to Record Low After Moody’s Upgrade

The cost of default insurance on Oman’s government debt fell to a record low after Moody’s Ratings upgraded the government to investment grade. The country’s bonds rallied.

Moody’s Investor Service upgrades Oman to investment grade as reforms pay off - The Arabian Stories News

Muscat: The credit upgrade reflects Oman’s strengthened public finances and its ability to absorb economic shocks. Moody’s credited the government’s effective fiscal management, noting a significant drop in government spending—from over 41% of GDP during 2016–2020 to just 29% currently. Public debt has also seen a steady decline, falling from 37.5% of GDP at the end of 2023 to 35.5% in 2024, with further reductions expected. Meanwhile, the publi…