Moody's lowers India's rating

NEW DELHI, AUG. 9. A leading international credit rating agency, Moody's, has lowered India's foreign currency outlook to `stable' from `positive' and to `negative' from `positive' for domestic debt, close on the heels of standard and poor's downgrading India's local currency.

Moody's Investors Service has said that the outlook has been lowered mainly on account of India missing an opportunity to implement second generation of economic reforms.

- PTI

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