TITLE

Analysts say tobacco settlement fight may have impact on Texas' ratings

AUTHOR(S)
Preston, Darrell
PUB. DATE
February 1998
SOURCE
Bond Buyer;02/25/98, Vol. 323 Issue 30338, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Investigates the impact of a fight over Texas' multi-billion dollar legal settlement with tobacco companies on the state's credit rating. Threat to the state's strong credit ratings; Creation of a large liability for the state; Potential use of the money to strengthen the state's reserves.
ACCESSION #
290255

 

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