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Oman Oil seeking credit rating: report

: Saturday, April 26 - 2014 @ 03:23

Oman Oil Co has hired JPMorgan Chase & Co to advise on plans to seek a credit rating, Muscat Daily has reported, citing two people familiar with the matter. The sultanate’s state-owned energy company holds majority stakes in Oman Gas Co, Oiltanking Odfjell Terminals & Co, the Musandam power plant and Abraj Energy Services, among other businesses. A rating from an agency such as Standard & Poor’s or Moody’s Investors Service would allow the oil firm to potentially sell bonds and tap a larger group of investors, one of the people said, asking not to be identified as the information isn’t public.

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Saturday, April 26- 2014 @ 3:23 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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