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[Kansas] Budget Problems Could Prompt Sale Of Tobacco Settlement, Lobbyist Says

The settlement currently provides about $50 million a year for early education and other children’s programs. But Shannon Cotsoradis, the president of Kansas Action for Children, says lawmakers are talking about trading those annual payments for $400 mi
KMUW 89.1 Wichita (KS) Public Radio
added Mar 8, 2016 22:00
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Buying Cigarettes With Gas Money Keeps Tobacco-Bond Rally Aflame

Tobacco securities, which are repaid from legal-settlement money that states and localities receive from cigarette companies, have been a top-performer over the past two years. That’s because -- for the first time in a decade -- Americans aren’t giving u
Bloomberg News
added Mar 4, 2016 17:04
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Fitch Affirms New Jersey EDA's Cigarette Tax Rev Bonds at 'BBB+'; Outlook Stable

affirmed the 'BBB+' rating on the New Jersey Economic Development Authority's cigarette tax revenue refunding bonds, series 2012, outstanding in the amount of approximately $798.1 million. The Rating Outlook is Stable.
Business Wire
added Mar 2, 2016 23:33
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[New York] Fitch Takes Various Actions on Tobacco Settlement ABS

The rating actions described below consider: Fitch's new U.S. Tobacco Settlement ABS Criteria dated Oct. 5, 2015, a deviation from that criteria, updated and clarified data, model refinements, and enhancements to Fitch's rating analysis, particularly as t
Business Wire
added Feb 3, 2016 22:36
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Fitch Maintains 14 New York Tobacco Settlement ABS Tranches on Rating Watch

in connection with an ongoing and comprehensive portfolio review of the entire Fitch-rated universe of tobacco bonds. Fitch has completed or nearly completed the review of transactions from other jurisdictions and will concentrate on the New York portfol
Business Wire
added Feb 2, 2016 23:46
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[New Jersey] NJ Broker Seeks Unpaid Commission In Tobacco Escrow Deal ($$)

A California private equity firm was hit Wednesday with a lawsuit in New Jersey federal court over an alleged failure to pay commission to a private mortgage broker as part of a $146 million purchase of tobacco escrow fund assets in 2010.
Law360
added Jan 24, 2016 00:38
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[New Jersey] EDITORIAL: Our view: Tobacco profiteering shows character of NJ government

Subsequent governors have refinanced McGreevey's wasteful money grab... New Jersey government is pocketing all of that money, not spending a dime...New Jersey will have to spend more in the future to deal with the expensive effects of tobacco addiction,
The Press of Atlantic City
added Dec 30, 2015 23:19
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Correction: Fitch Completes U.S. Tobacco ABS Portfolio Review

Fitch Ratings has completed its annual review of tobacco ABS ratings accounting for the amount of Master Settlement Agreement (MSA) payment received by each trust in 2015. For 2015, the aggregate MSA payment was 0.36% higher than the amount 2014.
Business Wire
added Dec 1, 2015 01:16
7 Views

Fitch Places Various Tranches of Tobacco ABS on Rating Watch on Changes and Possible Input Errors

Fitch Ratings has placed 49 tranches of tobacco settlement asset-backed securities (ABS) on Rating Watch and revised two from Rating Watch Negative to Rating Watch Evolving in connection with an ongoing and comprehensive review of its entire tobacco settl
Business Wire
added Dec 1, 2015 01:15
59 Views

[New York] Muni Tobacco Bonds Rally Most Since January on N.Y. Settlement

High-yield municipal tobacco bonds rallied by the most since January after New York reached a settlement with cigarette companies that freed up $550 million of funds, fueling speculation that other states will follow suit.
Bloomberg News
added Oct 21, 2015 15:10
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