TITLE

Analysts: Lawsuits Unlikely to Affect Tobacco Bond Deals

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/26/2003, Vol. 343 Issue 31801, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the opinions of bond market professionals on the likely impact of court decisions and lawsuits against tobacco companies on delay in payment to states under the 1998 Master Settlement Agreement. Reasons for which tobacco bonds remain secure investments; Impact of downgrade in tobacco company's corporate rating on municipal bonds; Factors that led Standard & Poor's Corp. to give negative corporate ratings.
ACCESSION #
9463506

 

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