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S & P praised the Modi government's actions:

New Delhi November 25 ( leading rating agency Standard & Poor's (S & P) has praised Modi's government's actions. Outlook has been consistent on India. The Modi government is doing well to finance the consolidation. Positive towards the implementation of the reforms. S & P has finally changed the rating of India to BBB-minus in January 2007. This is the lowest level investment grade rating for bonds. Outlook is defined as stable (persistence). In 2009, Outlook turned to Negative. It was upgraded to Stable in 2010. In 2012, Outlook was again reduced to negative. After Modi took over the post in 2014, it was again raised to Stable. This rating continues to be fresh.

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