TITLE

Tobacco Debt Still Steady Despite Suits

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/16/2004, Vol. 349 Issue 31927, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the performance of the tobacco bond market remains steady despite of lawsuits filed against tobacco manufacturer Philip Morris USA Inc. in the United States. Decision of plaintiffs who won a case against Phillip Morris to asked the Illinois Supreme Court to uphold the ruling; U.S. Department of Justice's case against Philip Morris; Amount to be paid by Phillip Morris to states under the 1998 Master Settlement Agreement (MSA); Risk associated with MSA repayment.
ACCESSION #
13861570

 

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