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S&P upgrades outlook for India rating to “stable” from “negative”

YEREVAN, September 27. /ARKA/. Standard and Poor’s raised the outlook for India’s “BBB-minus” rating to “stable” from “negative,” saying the country’s government mandate and improved political setting offered a conducive environment for reforms, Reuters reported.

S&P had cut India’s outlook to “negative” in April 2012. India is now rated at the lowest investment grade with a “stable” outlook by all three major global credit agencies. –0–

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Insurance market of Armenia is in embryonic state

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Moody’s upgrades Converse Bank’s ratings

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