Fitch affirms Guwahati

Fitch Ratings said it affirmed Guwahati Municipal Corp.'s national long-term rating at BB(ind).

The outlook is stable.

The rating is underpinned by Guwahati's moderate financial performance, which is supported by its consistent revenue surplus post 2007, Fitch said.

The rating is constrained by the corporation's weak institutional and technical capabilities, the agency said, and frail cost recovery policies.

The company has also been slow in implementation of reforms in comparison to other Jawaharlal Nehru National Urban Renewal Mission cities, Fitch said.

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