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Published on 5/10/2010 in the Prospect News Emerging Markets Daily.

Fitch affirms Ajmer Municipal

Fitch Ratings said it affirmed the national long-term rating of Ajmer Municipal Corp. at BBB-(ind).

The outlook remains stable.

The affirmation takes into account the operating and financial performance of the municipality, which is broadly in line with expectations and assumptions, Fitch said.

The company's financial performance continues to be steady, the agency said, and has consistently reported revenue surpluses between 2002 and 2009.


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