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Ratings

Oman's bonds tumble as Fitch cuts credit rating to junk

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Oman's 2023-maturing dollar bond fell 1.5 cents in the dollar, while its slightly shorter-term 2021 bonds dropped almost one cent.

Wednesday 19, December 2018 BY KUDAKWASHE MUZORIWA

Oman's dollar-denominated government bonds after Fitch became the second major rating agency to cut the country to junk status.

The rating agency’s move leaves Moody's as the only firm to rate Oman as investment grade, reported Reuters.

TAGS : Dollar-denominated , Bond, Fitch, Moody's

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