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–
