FAERC reviews report on Oman’s credit ratings

Muscat - 

The Financial Affairs and Energy Resources Council (FAERC) on Tuesday held its first meeting for 2019 under the chair of H E Darwish bin Ismail al Balushi, Minister Responsible of Finance and FAERC deputy chairman.

The Council reviewed a report on the position of the external and local public debt until the end of December 2018, and a report on credit rating of Oman according to the assessment prepared by some international ratings agencies. The FAERC stressed the importance of studying the observations and recommendations of these agencies’ reports and taking all necessary measures to improve the credit rating of Oman.

The Council also reviewed some financial and economic indicators of the sultanate achieved during 2018 compared to 2017.

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