TITLE

N.Y.S. counties gauge risk of issuing tobacco bonds

AUTHOR(S)
Kruger, Daniel
PUB. DATE
April 1999
SOURCE
Bond Buyer;04/12/99, Vol. 328 Issue 30617, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Discusses the views of the participants in the New York State municipal bond markets that communities wanting to borrow against their share of the tobacco settlement will opt for asset-backed deals. Issuers' concern about the possible effect of settlement securitization on their own credit rating; Efforts at converting settlement payments into security for bonds outside of New York.
ACCESSION #
1742002

 

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