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Fitch downgrades OETC, Mazoon, Omantel
Fitch Ratings said it downgraded Oman Electricity Transmission Co.'s (OETC), Mazoon Electricity Co.'s and Oman Telecommunications Co. SAOG's long-term foreign-currency issuer default ratings to BB- from BB, with a negative outlook.
Fitch also downgraded OETC's and Mazoon's long-term local-currency issuer default ratings to BB- from BB, also with a negative outlook.
The agency said the actions follow the downgrade of Oman's long-term foreign- and local-currency ratings to BB- from BB.
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