Moody's Drops Most Tobacco Debt

Albanese, Elizabeth
April 2004
Bond Buyer;4/22/2004, Vol. 348 Issue 31868, p1
Trade Publication
Reports that Moody's Investors Service downgraded most of the tobacco settlement bonds issued by New York counties to below investment grade. Rejection of the request to hear an en banc appeal of a lawsuit alleging that the participation of the state of New York in the 1998 Master Settlement Agreement is illegal; Identification of the current ratings for the tobacco bonds; Views of analysts regarding the bond ratings.


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