Oman — Sovereign Signal
BT-SFS 80.0/100 · BBB− · 79 bps over Treasuries
Score and market snapshot
Oman trades 23 bps wide of its fundamentals fit (fitted spread 56 bps).
| Field | Value |
|---|---|
| BT-SFS score | 80.0 / 100 |
| Rank | 2 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 | 79 bps |
| Yield to worst | 4.94% |
| Duration | 5.1y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 92.8 |
| External | 58.0 |
| Macro | 81.6 |
| Institutions | 85.4 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| Current account / GDP | External | 7.5% | 93.8 | IMF | 2026 |
| International reserves, months of imports | External | 3.7 mo | 31.1 | World Bank | 2024 |
| General government debt / GDP | Fiscal | 32.7% | 81.3 | IMF | 2026 |
| Interest expense / revenue | Fiscal | 0.5% | 100.0 | IMF | 2026 |
| Primary balance / GDP | Fiscal | 5.4% | 97.9 | IMF | 2026 |
| WGI institutional composite | Institutions | 0.51 | 85.4 | WGI composite | 2024 |
| Real GDP growth | Macro | 3.5% | 57.3 | IMF | 2026 |
| GDP per capita, USD | Macro | $21,645 | 81.3 | IMF | 2026 |
| Inflation stress | Macro | 1.7% | 100.0 | IMF | 2026 |
Score history
Applying the current methodology to historical sources, Oman moves from 67.7 in 2016 to 80.0 in 2026 (+12.3 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 80.0/100 on the BT Sovereign Fundamentals Score, ranking 2 of 51 sovereigns covered. The score is built from nine 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 79 bps over Treasuries with a 4.94% yield to worst.
Is Oman trading wide or tight of its fundamentals?
Oman trades 23 bps wide of its fundamentals fit (fitted spread 56 bps).
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.
- Oman vs Saudi Arabia — fundamentals and spreads head to head.
- Oman vs Bahrain — fundamentals and spreads head to head.
- United Arab Emirates — regional peer, BT-SFS 86.9 · 29 bps.
- Jordan — regional peer, BT-SFS 56.5 · 136 bps.
- Morocco — regional peer, BT-SFS 52.2 · 126 bps.