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Moody’s downgrades Oman’s credit rating to junk on public finances
Moody’s Investors Service downgraded Oman’s credit rating to junk with a negative outlook due to concerns over the sultanate's ability to contain its public finances in a low oil price environment. The agency lowered the country's long-term issuer and senior unsecured bond rating from Baa3 to Ba1, one level below…
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