Tempe's long term liabilities
are moderate at 16% of personal income, and Fitch expects them to remain moderate based on the city's manageable capital needs and rapid debt amortization schedule.
It is expected that under his able guidance EOBI would explore new avenues of progress in order to ensure long term liabilities
towards its insured persons.
"Throughout most of the 1990s, AIG was not a large investor in commercial mortgages, primarily dLme to its lack of long term liabilities
to match commercial mortgage loans.
1999, Asiaplast had a total debt of Rp 47.29 billion including Rp 12.1 billion in short term debts and Rp 35.18 billion in long term liabilities
Long term liabilities
for debt and unfunded pension liabilities are moderate at around 17% of estimated personal income and are expected to grow marginally based on pension funded levels and future debt plans.
Table - 2 Composition of debts of PT Humpuss Intermoda, June 1997 Total Description (Rp million) Short term debt: - Bank payable 4,573.7 - Business payables 14,218.0 - Tax payables 8,188.4 - Other debts 49,199.7 - Dividen payable 2,000.0 - Postponed income 6,573.8 - Cost payables 16,475.5 - Long term liabilities
due for repayment in 1 year: * Bank loan 2,836.1 * Credit for ship procurement 22,533.6 * Leasing 1,176.2 Total amount of short term liabilities 127,775.1 Long term liabilities
: - Bank loan 123,636.2 - Credit for ship procurement 313,649.9 - Leasing 224.3 - Postponed value added tax 2,215.6 Total amount of long term liabilities
439,726.0 Total amount of liabilities 567,501.1
Long term liabilities
including debt and the net pension liability are low at approximately 5% of personal income.
Management has been proactive in implementing new recurring revenues to maintain stable operations and fund long term liabilities
. Throughout the most recent economic downturn, expenditure growth was managed through a hiring freeze and limited reductions in services to residents.
Total long term liabilities
are low at 6% of personal income, with about $295 million of net overall debt (including the current issuance) making up more than half of the total.
Fitch expects Tempe's long term liabilities
, currently 15.2% of personal income, to remain moderate based on the city's manageable capital needs and the rapid debt amortization rate.
The five rating factors - institutional framework, economy, management and administration, finances and debt and other long term liabilities
- remain unchanged and define the analytical process and explain the foundation for assigning or changing ratings to international local and regional governments.