Moody's upgrades India's rating outlook.

Byline: S. Kamal Hayder Kazmi

Moody's Investors Service on Tuesday changed its outlook on India's sovereign ratings to stable from negative. However, it retained the ratings, both on foreign and domestic currencies, at the lowest investment grade. Experts said this would have a beneficial impact on debt allocations by foreign portfolio investors (FPIs) to Indian papers.

"The decision to change the outlook to stable reflects Moody's view that the downside risks from negative feedback between the...