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Fitch rates Kohima Municipal B(ind)
Fitch Ratings said it assigned Kohima Municipal Council a B(ind) national long-term rating.
The outlook is stable.
The rating is constrained by the company's very low income base and its inability to generate resources by levying taxes, Fitch said. Also a property tax system is absent, the agency said.
The rating also is constrained by the council's poor service delivery levels in civic services, Fitch added.
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