The S&P revised India’s long-term credit rating outlook from BBB- /Negative to BBB-/Stable on their view that – India's improved political setting offers a conducive environment for reforms, which could boost growth prospects and improve fiscal management. While credit ratings have often lagged markets in the past, narrowing credit spreads since Aug’13 and influx of foreign funds on the sovereign debt side has highlighted the foreign investor comfort on account of recent improvement in the macro situation.
