Improving outlook: Like most other hydrocarbons exporters, Oman’s economic outlook has been improved by a sustained period of high oil prices. We expect relatively buoyant oil and gas prices to continue through 2023, despite mixed signals from the global market. Added to a perception that economic performance is slowly improving on Sultan Haitham Bin Tariq Al-Said’s watch, GSN has attached a positive upwards arrow to Oman’s economic and financial risk grade.
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GSN risk grades are intended to provide a broad guide to political and economic stability.
Political risk
Rated according to six grades, from A (most stable) to F (failed state).
Economic and financial risk
Graded from 1 (wealthiest/most sound financials) to 6 (bankrupt).
The grades are intended only to offer an immediate gauge of where risk stands in the regional pecking order. An A or 1 grade does not mean the polity is devoid of risk.
To provide a degree of nuance, risk grades also use trends arrows which go upwards (↑) or downwards (↓) to denote cases where momentum is positive or negative.
The grades do not change regularly: upgrades and downgrades are intended to reflect long-term trends or the impact of an exceptionally changed situation.
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