India Regains 'Stable' Rating From S&P On Modi's Promises For Reform

The ratings agency Standard & Poor's on Friday upgraded its outlook on India's credit market from negative to stable, two years after a downgrade. The move is fueling optimism for a revival of Asia's third-largest economy as Prime Minister Narendra Modi prepares to renew strained ties with American investors and executives on his first official U.S. visit this weekend.