Fitch Adjusts Oman’s Outlook to Positive

Fitch Ratings announced that it has revised its outlook for the Sultanate of Oman to positive while maintaining its rating at "BB." It stated that "the outlook also includes expectations that the Omani government will remain committed to financial consolidation." It noted that potential social pressures due to the low rate of employment among Omani youth still pose a risk to public finances, but it expects the net sovereign foreign assets of Oman to return to a positive state this year.