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13-Jun-2016

S&P affirms long-term ratings of OPWP, OETC; outlook stable

Global credit rating agency S&P has affirmed its ‘BBB-’ long-term corporate credit ratings on Oman Power and Water Procurement Co (OPWP) and Oman Electricity Transmission Co (OETC). The outlook on both companies remain stable, S&P said. S&P said the affirmation reflects its view that the ratings on OPWP are likely to remain close to those on Oman. ( Muscat daily)

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