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Fitch assigns Energy Development Oman BB
Fitch Ratings said it assigned Energy Development Oman SAOC BB/RR4 senior unsecured ratings and affirmed its BB issuer default rating.
“The BB senior unsecured rating reflects our generic approach for issuers rated BB- or above and average recovery prospects given a fully senior unsecured capital structure,” Fitch said in a press release.
The outlook is positive.
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