By Saeed Azhar and Davide Barbuscia
DUBAI, March 6 (Reuters) - Moody's cut Oman's credit rating to junk with a negative outlook, citing fiscal challenges at a time of moderate oil prices in a move set to keep its borrowing costs high.
Oman's state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame and jasa pijat keliling leading Fitch and S&P to cut Oman's rating to junk over the past two years.
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By Saeed Azhar and Davide Barbuscia
DUBAI, March 6 (Reuters) - Moody's cut Oman's credit rating to junk with a negative outlook, citing fiscal challenges at a time of moderate oil prices in a move set to keep its borrowing costs high.
Oman's state coffers have been hit hard by a slump in oil prices in recent years, resulting in a wide budget deficit that it has struggled to tame and leading Fitch and S&P to cut Oman's rating to junk over the past two years.
...
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0 الإعجابات