One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Oman's Ratings Downgraded by Fitch

Fitch downgraded Oman's long-term foreign- and local-currency issuer default ratings to BBB- from BBB with a negative outlook, on expectations that the country's budget deficit will hit 12.8% of GDP, one of the largest among sovereigns rated by the agency. [per S&P's Market Intelligence service]

Well, heck, why not?  Why shouldn't everything go wrong ... again?

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