The Government today said that the global agency Standard and Poor's (S&P) has not downgraded India's credit rating in its latest research update on its sovereign credit rating. In a written reply in the Lok Sabha, Finance Minister Pranab Mukhejee said however S&P has revised the outlook on the long term rating on India from stable to negative. He said that the revision in outlook may have some perceptional impact. Mr. Mukherjee said Government has taken note of these concerns. He said that the government is taking a number of steps with a view to further strengthening and sustaining economic growth. The Finance Minister said these include measures contained in the current budget that are aimed towards fiscal consolidation, improvement in the investment environment and development of the infrastructure and industrial sectors.