Moody’s Ratings Affirms Ratings of Omani Government-Related Entities
Moody’s Ratings has affirmed the ratings of five Omani government-related entities, with the outlook for four entities maintained as stable and one entity’s outlook upgraded to positive. The affirmed entities include DISC, OETC, OPWP, NEDC, and NESC.
This rating action is a result of the recent rating action on the Government of Oman, where its long-term ratings were affirmed and the outlook upgraded to positive. Moody’s emphasized the close relationship of these entities with the government and their exposure to subsidies.
While the outlook for OPWP was upgraded to positive, the outlooks for DISC, OETC, NEDC, and NESC were maintained as stable. The ratings are supported by stable regulatory frameworks, cost recovery mechanisms, low business risk profiles, and monopoly positions in Oman.
Moody’s highlighted the potential for rating upgrades if the sovereign rating improves and the companies show sustained improvement in liquidity and financial performance. Positive rating pressure may emerge if liquidity profiles strengthen and the commitment to good liquidity is demonstrated throughout capital investment cycles.
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