Oman — Sovereign Signal
BT-SFS 66.7/100 · BBB− · 91bps over Treasuries
Score and market snapshot
Oman trades 6bps wide of its fundamentals fit (fitted spread 85bps).
| Field | Value |
|---|---|
| BT-SFS | 66.7 / 100 |
| Rank | 6 of 51 |
| Composite rating | BBB− |
| Agency ratings | Moody's Baa3 · S&P BBB- · Fitch BBB- |
| Benchmark USD bond | OMAN 7.375 32 |
| Spread over Treasuries | 91bps |
| Yield to worst (S.A.) | 5.97% |
| Duration | 4.7y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 82.3 |
| External | 12.2 |
| Macro | 68.6 |
| Institutions | 88.2 |
The ten metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Reserves, months of imports | External | 3.7 mo | 12.2 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 32.7% | 71.2 | IMF | 2026 |
| FX public debt / GDP | Fiscal | 22.7% | 63.1 | IMF staff report / Eurostat | 2024–2026 |
| Net interest / revenue | Fiscal | 0.5% | 98.8 | IMF | 2026 |
| Primary balance / GDP | Fiscal | 5.4% | 100.0 | IMF | 2026 |
| Governance (WGI GE + RQ) | Institutions | 63.8 | 80.3 | WGI | 2025 |
| Inflation track record | Institutions | 1.7% | 100.0 | IMF | 1997–2026 (h=10) |
| Real GDP growth, centred 3-year | Macro | 3.1% | 43.5 | IMF | 2025–2027 |
| GDP per capita, USD | Macro | $21,645 | 96.6 | IMF | 2026 |
| Growth volatility, 10-year | Macro | 3.0pp | 48.1 | IMF | 2016–2025 |
Score history
Applying the current methodology to historical sources, Oman moves from 64.1 in 2016 to 66.7 in 2026 (+2.6 points over ten years).
Default and restructuring registry
No bond default or restructuring events in the registry window.
Frequently asked questions
What is Oman's sovereign credit score?
Oman scores 66.7/100 on the BT Sovereign Fundamentals Score, ranking 6 of 51 sovereigns covered. The score is built from ten public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Oman USD bond does BondTerminal track?
OMAN 7.375 32 (ISIN XS2234859283), the near-5-year USD benchmark, currently 91bps over Treasuries with a 5.97% yield to worst (S.A.).
Is Oman trading wide or tight of its fundamentals?
Oman trades 6bps wide of its fundamentals fit (fitted spread 85bps).