Oman International Development and Investment Company - Corporate Ratings Affirmed with a Negative Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed Oman International Development and Investment Company's (Ominvest) Long-Term Corporate Rating of 'BBB' and its Short-Term Corporate Rating of 'A3'. At the same time, CI has revised the Outlook for Ominvest's ratings to 'Negative' from 'Stable', reflecting the recent lowering of Oman's sovereign ratings (to 'BBB'/'A3'/'Stable') and the associated weakening of economic conditions.

Attachments

• Credit Rating Announcement (CRA)
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