Moody's Investor Service reaffirmed its outlook for India's sovereign credit rating as stable, but another global ratings agency Standard & Poor's (S&P) has issued an analysis stating that saying India has more than 50 per cent likelihood of negative outlook getting confirmed.

The analysis revealed that in the past twenty-four years merely there was merely case in which a country's negative outlook had been reversed.

In its Sovereign Credit Weathervane, Year-End 2012 Update, the rating agency said, "We have raised only one sovereign rating (since 1989) with a negative outlook, and we have lowered 162 out of 282 sovereign ratings with negative outlooks."

S&P has the lowest investment grade accompanied by a negative outlook for India's sovereign credit rating.

The government of India has taken a number of decisive steps, such as opening of retail sector to foreign investors, to reverse that perception, but the S&P analysis still shows that the chances of country getting an upgrade in the near future are dim. The recently issued update noted that Credit Watch listings and outlooks on sovereign ratings had always been useful indicators of upcoming rating actions.

In a separate report, S&P said that Asia-Pacific banks have better capital adequacy than banks in Europe and the US. As per the report, said that banks in the Asia-Pacific region are poised to take a lead in the implementing of Basel III norms in 2013. Estimates suggest that the total capital shortfall of major banks in Indian and China could reach around $100 billion in 2019.