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Fitch rates OETC bond BB-
Fitch Ratings said it assigned Oman Electricity Transmission Co.'s proposed U.S. dollar senior unsecured notes an expected BB- expected rating. The proposed notes will be issued through wholly owned subsidiary Oryx Funding Ltd.
“The proposed notes are rated at the same level as OETC's senior unsecured rating as they are expected to be unconditionally and irrevocably guaranteed by the company. OETC's rating is constrained by the Sultanate of Oman (BB-/Negative),” Fitch said in a press release.
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