The ten-year general government capital plan is sizeable
at more than $565 million, but the city expects that only 40% of project costs will be funded with general obligation (GO) bonds.
Clearly, a sizeable
portion of US SMBs are cognizant of the Vista release and will be evaluating how the new OS is positioned in the market.
The support of such significant businesses and their sizeable
advertising and promotional budgets has been instrumental in creating the strong growth rates seen by the market in recent years.
acquisitions are not anticipated in the medium term.
Subsequent to these bonds, remaining authorization totals $398 million and is expected to have limited impact on debt ratios given the district's sizeable
tax base and rapid amortization of existing debt, of which over 80% will be retired in ten years.
A primary factor in the upgrade is the absence of any sizeable
borrowings planned over the near term; the county recently completed construction of a new criminal justice center and jail.
Offsetting credit factors include a significant concentration of ownership of developable property within the district, the limited development to date on the major tracts within the district, and the sizeable
increase in the town's debt burden that results from this offering.
Further, Fitch anticipates that the company's positive earnings momentum will be hampered by continued margin pressure, as well as by the identification of a sizeable
problem loan exposure that will likely increase credit costs in the near-term.