This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Oman Upgraded to IG Status of BBB- by Fitch
December 9, 2025
Oman was upgraded to IG status of BBB- from BB+ by Fitch. The upgrade reflects sustained improvement in public finances, stronger external balance sheets, and growing confidence in the country’s commitment to fiscal discipline even in lower oil-price environments. Oman has sharply reduced government debt to 36% of GDP in 2025, down from 68% in 2020, and Fitch expects budget deficits to remain modest at around 1% of GDP in 2026-27. A new medium-term fiscal plan in 2026 is expected to further anchor prudence. While hydrocarbon dependence remains high, reforms continue, including improved tax administration and future introduction of personal income tax (from 2028), they noted. Fitch added that Oman’s external position has strengthened significantly, with the country turning from a 31% net debtor in 2021 to a 2% net creditor in 2024, supported by debt repayment and SOE deleveraging. External resilience is strengthened by Oman’s Petroleum Reserve Fund, which holds close to $4.1bn as of November, and the OIA’s future generations fund with $21bn invested abroad.
Oman’s dollar bonds traded stable with its 6% 2029s at 105.3, yielding 4.4%.
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
Mongolia’s Credit Ratings Upgraded to B3 by Moody’s
January 19, 2018
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.