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Headlines Tagged with Bonds 1,540 headlines found

17 Views

Muni Tobacco Bonds Rally as Buyers Swoop in After Trump Selloff

State and local government tobacco-settlement bonds are bouncing back from the drubbing they took in November as investors pick up the debt on the cheap and cigarette consumption declines remain moderate.
Bloomberg News
added Feb 3, 2017 19:17
24 Views

New Jersey set to hand over millions in tobacco cash

failure to spend on smoking cessation efforts when thousands of people still die annually from tobacco-related illnesses has drawn derision from advocates and public health officials....this year will begin repaying hundreds of millions of dollars to bond
AP - Associated Press
added Jan 23, 2017 19:21
2 Views

[Kansas] EDITORIAL: Budget plan kicks the can

Brownback’s stopgap measures include liquidating a long-term investment fund and selling off the state’s future proceeds from its tobacco lawsuit settlement...Instead of solving the state’s fiscal problems, it pushes the problems to the future – where th
Wichita (KS) Eagle
added Jan 15, 2017 18:45
11 Views

[UK] Trump casts a shadow over BAT's $47bn bid for Reynolds

BAT shares are down almost 6pc since Mr Trump was elected and 13pc since it revealed its bid for Reynolds in October. The US company’s stock has meanwhile held flat on the chance of a takeover premium, meaning BAT shareholders already face a steeper bill
Electronic Telegraph (uk)
added Nov 21, 2016 15:51
16 Views

[Ohio] Lehman Says Buckeye Owes It $20M In Default Dispute ($$)

Lehman Brothers Holdings Inc. said the Buckeye Tobacco Settlement Financing Authority used shoddy methodology to make a $29 million claim against it and that the Ohio public-bond issuer actually owes the fallen financial giant $20 million instead, accordi
Law360
added Jul 7, 2016 17:48
9 Views

Higher California Smoking Age Latest Blow to Tobacco Bonds

California's new, higher legal smoking age heralds more trouble for tobacco securitization debt, said an analyst who has followed the sector for years. The legal tobacco purchase age in California rose to 21 years old on June 9. "As an analyst covering
Bond Buyer Online
added Jun 17, 2016 02:18
18 Views

Fitch Withdraws All Ratings Assigned to U.S. Tobacco ABS

Fitch Ratings withdraws all ratings assigned to U.S. tobacco settlement asset-backed securities and has retired the criteria titled 'U.S. Tobacco Settlement ABS Criteria'...the individual, custom modifications (by several participants) to material calcula
Business Wire
added Jun 15, 2016 21:50
15 Views

Tobacco Bond Risks Grow; Fitch Loses Confidence, Pulls Ratings

Fitch’s action hasn’t dented the strong performance of tobacco bond index, up 4% in the past month alone. Nonetheless, Eaton Vance’s Cynthia Clemson writes in a Wednesday blog post that Fitch’s decision highlights risks in the popular securities.
Barron's Blogs
added May 19, 2016 21:34
12 Views

U.S. tobacco bond market shrugs off Fitch move to ditch ratings

Moody's Investors Service and Standard & Poor's still rate tobacco bonds. "I think that perhaps it just doesn't fit their process," said John Miller, co-head of fixed income for Nuveen Asset Management, regarding Fitch's action. "I'm a little bit surpri
Reuters
added May 18, 2016 16:43
8 Views

Moody's downgrades Puerto Rico's Children's Trust Tobacco Settlement Bonds, Series 2002

The rating action reflects the uncertainty surrounding future actions of the Puerto Rican government with respect to payments due on the bonds in this transaction.
Moody's Investors Service
added May 12, 2016 03:48
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