Oman Credit Rating Cut at Moody's on Oil Price Impact

  • Poorest Gulf Cooperation Council country downgraded first time
  • Uncertainty over government's management keeps Oman on review

Oman, the poorest Gulf Cooperation Council country on the basis of economic output per person, was cut for the first time by Moody’s Investors Service, which cited the negative impact of lower oil prices on government finances, economic performance and balance-of-payments.

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