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4 months ago
BRIEF-Moody's says Oman's rating balances high wealth and government net asset position against challenges from oil dependence
March 23, 2017 / 8:33 AM / 4 months ago

BRIEF-Moody's says Oman's rating balances high wealth and government net asset position against challenges from oil dependence

1 Min Read

March 23 (Reuters) - Moody's:

* Oman's Baa1 rating balances high wealth and government net asset position against challenges from high oil dependence

* expects Oman's 2017 fiscal deficit to narrow substantially to omr3.1 billion from an estimated omr5.0 billion in 2016

* stable outlook reflects anticipated resilience of Oman's rating over next 12-18 months; signals upward/downward pressures are balanced

* for 2016-2020, forecasts real GDP growth in Oman of around 2.1% per year on average Source bit.ly/2nUte4z

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