S and P report very satisfying: Piyush Goyal

Union Minister of Railways and Coal Piyush Goyal on Friday said that the latest report by ratings agency Standard and Poor's (S and P) on India's sovereign ratings is 'very satisfying.' Goyal added that the S and P rating is an affirmation of the policies of the government being recognised worldwide and has given an overall positive outlook with much praise for Modi govt's initiative. S and P on Friday maintained the status quo on India's sovereign ratings, but said that 'stable' outlook shows that growth will remain strong over the next two years.