Standard & Poor's Ratings Services said today that it had revised its outlook on India-based Reliance Industries Ltd. (RIL) to stable from negative. At the same time, we affirmed the 'BBB' long-term corporate credit rating on RIL and the 'BBB' issue rating on the company's senior unsecured notes. "We revised the outlook to reflect our expectation of an improvement in RIL's financial metrics because we believe the consistent improvement in the company's operating performance over the past year is sustainable," said Standard & Poor's credit analyst Suzanne Smith, managing director, Corporate & Government Ratings, South and Southeast Asia. We expect RIL's EBITDA to have increased by 20% for the fiscal year ended March 31, 2010.