India's sovereign credit outlook has been kept stable by the Global Rating Agency, Moody's Investment Services which said a slowdown in growth and investment is likely to be temporary. Moody's report said certain recent negative trends, lower growth, slowing investment and poor business sentiments are unlikely to become permanent or even medium term features of the Indian economy. The company rated India's long term foreign currency and local currency debt at Baa-3, the lowest grade. Moody's position is in contrast to Fitch Ratings and Standard and Poor which have lowered their credit outlooks for India to negative from stable.