Fitch gives Guwahati BB(ind)

Fitch Ratings said it assigned a national long-term issuer rating of BB(ind) to Guwahati Municipal Corp.

The outlook is stable.

The agency said that the rating is constrained by Guwahati's revenue deficit, limited ability to leverage its resources to provide core civic amenities, weak institutional and technical capabilities, poor financial management and reporting and frail "cost recovery" policies.

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