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

Kruger, Daniel
April 1999
Bond Buyer;04/12/99, Vol. 328 Issue 30617, p26
Trade Publication
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.


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