 Moodys Investors Service, Moodys has today downgraded the ratings of eight government-related issuers GRIs domiciled in Oman. The rating action is a direct consequence of the downgrade of the Government of Oman, on 23 June 2020, to Ba3 from Ba2 with a negative outlook. Moodys downgraded the ratings of the following eight GRIs to Ba3 from Ba2 and assigned negative outlooks because of their concentration of cash flows and operations in Oman. 