S&P affirms Oman at BBB-, raises 2026 growth forecast to 3.5%

RIYADH: S&P Global Ratings affirmed Oman’s long-term sovereign credit rating at “BBB-” and its short-term rating at “A-3”, with a stable outlook, while raising its 2026 economic growth forecast for the sultanate to 3.5 percent. The agency had previously forecast growth of 1.6 percent. The revision reflects higher oil and gas production and Oman’s ability to maintain energy exports through ports with direct access to the Arabian Sea, reducing its reliance on the Strait of Hormuz. Economic growth