Besides, according to Moody's Friday's (November 8th) report, its latest downgrading of India's credit rating to negative was almost entirely prodded by a swathe of policy ineffectiveness mostly in private sectors, while the US-based multinational rating agency had also trimmed outlook for 21 Indian Companies operating in government-owned and private divisions including the State Bank of India (SBI), Indian Oil, NTPC Ltd. and Infosys Ltd, to "negative" from an earlier "stable."