The FINANCIAL — New Delhi/Singapore-25 July 2011: Fitch Ratings has migrated Kohima Municipal Council's (KMC) 'Fitch B(ind)' National Long-Term rating to the "Non-Monitored" category.
The rating will now appear as 'Fitch B(ind)(nm)' on the agency's website.
The rating has been migrated to the "Non-Monitored" category due to lack of adequate information available, and Fitch will no longer provide ratings or analytical coverage of KMC. The rating will remain in the "Non-Monitored" category for six months and be withdrawn at the end of that period. However, in the event the issuer starts furnishing information during this six-month period, the rating may be reinstated and will be communicated through a "Rating Action Commentary".
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