Enhancement Is the Future of Tobacco Debt, Expert Says

Fine, Jacob
October 2003
Bond Buyer;10/2/2003, Vol. 346 Issue 31749, p3
Trade Publication
Reports that several U.S. states were forced to abandon plans to sell tobacco debt that securitizes payments from the 1988 Master Settlement Agreement with major tobacco companies. Market impact of the threat to bankruptcy posed to Philip Morris USA Inc.; Pricing of tobacco settlement bonds; Revenue pledges.


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