S&P eyes Energy Development positively

S&P said it revised its outlook for Energy Development Oman SAOC to positive from stable and affirmed the BB+ ratings on the company and its debt.

The outlook revision follows a similar action on Oman on March 29.

S&P said it considers EDO a government-related issuer and ties its rating and outlook to the sovereign. Any upgrade would depend upon a similar action on the sovereign.

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