Oman Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Baa3 Stable | BBB- Stable | BBB- Stable | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Dec 08, 2025 | Fitch | BB+ | Positive | BBB- | Stable | |
| Jul 10, 2025 | Moody's | Ba1 | Positive | Baa3 | Stable | |
| Dec 18, 2024 | Fitch | BB+ | Stable | BB+ | Positive | |
| Sep 27, 2024 | S&P | BB+ | Positive | BBB- | Stable | |
| Aug 29, 2024 | Moody's | Ba1 | Stable | Ba1 | Positive | |
| Mar 29, 2024 | S&P | BB+ | Stable | BB+ | Positive | |
| Dec 07, 2023 | Moody's | Ba2 | Positive | Ba1 | Stable | |
| Sep 29, 2023 | S&P | BB | Stable | BB+ | Stable | |
| Sep 25, 2023 | Fitch | BB | Positive | BB+ | Stable | |
| May 15, 2023 | Moody's | Ba3 | Positive | Ba2 | Positive | |
| Apr 11, 2023 | Fitch | BB- | Stable | BB | Positive | |
| Nov 25, 2022 | S&P | BB- | Stable | BB | Stable | |
| Oct 06, 2022 | Moody's | Ba3 | Stable | Ba3 | Positive | |
| Apr 01, 2022 | S&P | B+ | Positive | BB- | Stable | |
| Dec 20, 2021 | Fitch | BB- | Negative | BB- | Stable | |
| Oct 14, 2021 | Moody's | Ba3 | Negative | Ba3 | Stable | |
| Oct 01, 2021 | S&P | B+ | Stable | B+ | Positive | |
| Oct 16, 2020 | S&P | BB- | Negative | B+ | Stable | |
| Aug 17, 2020 | Fitch | BB | Negative | BB- | Negative | |
| Jun 23, 2020 | Moody's | Ba2 | Under Review | Ba3 | Negative |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Oman’s current credit rating?
Oman’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Oman’s credit risk.
Has Oman’s credit rating changed recently?
This page lists the latest rating and outlook actions for Oman, showing when each agency last reviewed or changed its assessment.
Why does Oman’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Oman's bond yields, currency, and equity flows as investors reassess risk.
How does Oman’s rating compare to other countries?
You can explore how Oman ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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