Brown & Williamson Asks N.Y. for Lower Annual Payments

Albanese, Elizabeth
January 2002
Bond Buyer;1/16/2002, Vol. 339 Issue 31305, p3
Trade Publication
Reports that tobacco company Brown & Williamson Co. has asked New York Attorney General Eliot Spitzer to lower the annual payment it must pay the state under the terms of the master settlement agreement by approximately $29 million. Possibility of the request jeopardizing tobacco bonds; Opinion of analysts from rating agencies regarding the New York case.


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