Fitch assigns Kulgaon Badlapur council BB+(ind)

Fitch Ratings said it assigned a national long-term rating of BB+(ind) to the Kulgaon Badlapur Municipal Council.

The outlook is stable.

The rating reflects the council's modest operating and financial performance and its moderate debt burden, Fitch said.

The rating is constrained by the limited avenues for raising revenue, weak economic base and poor urban infrastructure available to its citizens, the agency said.

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