Fitch changes OQ outlook to positive

Fitch Ratings said it revised the outlook on OQ SAOC to positive from stable and affirmed its long-term issuer default rating BB.

“The revision of the outlook reflects the revision of the outlook on Oman (BB/positive). This is because OQ's BB rating is equalized with that of Oman, given the strong links between the company and the sovereign, in line with Fitch's government-related entities (GRE) rating criteria,” the agency in a press release.

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