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Jump to full article: Business Wire, 2009-06-25
Intro: Fitch Ratings affirms two and downgrades one class from Michigan Tobacco Settlement Financing Authority, tobacco settlement asset-backed bonds, series 2008, as follows:
--$114,860,000 series 2008A turbo current interest bonds due June 1, 2042 affirmed at 'BBB+'; Outlook Stable;
--$29,874,650 series 2008B taxable capital appreciation turbo term bonds due June 1, 2046 affirmed at 'BBB'; Outlook Negative;
--$57,673,814 series 2008C capital appreciation turbo term bonds due June 1, 2058 downgraded to 'BB' from 'BBB-'; Outlook Negative.
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