Fitch upgrades Oman Electricity Transmission Company to ‘BBB-‘; outlook stable

Fitch Ratings has upgraded Oman Electricity Transmission Company SAOC’s (OETC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘BBB-‘ from ‘BB+’. The Outlooks are Stable. Fitch has also upgraded OETC’s senior unsecured rating to ‘BBB-‘ from ‘BB+’.