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Headlines Tagged with Bonds 1,534 headlines found

19 Views

[Samoa] ASG assumed responsibility to repay fed tobacco loan

Since the year 1999, American Samoa's share of the multi billion dollar national Tobacco Master Settlement Agreement (MSA) has reached more than $17 million, according to a follow up report by local consultant Bryan M. Jackson, who conducted the August 2
Samoa News
added Aug 12, 2012 18:26
16 Views

Tobacco Bonds Rally With No Sign of 2042 Mortality: Muni Credit

More than $15 billion of municipal bonds backed by tobacco-company payments will default within 30 years, Moody’s Investors Service says. That’s not deterring investors from reaping the best returns in the tax-free market.
Bloomberg News
added Jul 20, 2012 16:34
30 Views

Tobacco Bonds Face Default Risk as Smoking Drops, Moody's Says

The declining number of U.S. smokers is proving hazardous to the health of municipal bonds backed by payments from cigarette companies under a 1998 settlement with 46 U.S. states, Moody’s Investors Service said.
San Francisco Chronicle
added Jul 13, 2012 06:34
4 Views

[New York] Editorial: Counties wasted settlement funds

But the fast-money grab, and quick spending, has had long-term implications for local governments. "Essentially, instead of investing the money in reducing the long-term carnage caused by smoking, they took the easy way out," Horner told the Editorial B
New York Journal News
added Jun 28, 2012 11:56
2 Views

[New York] Up in smoke: Counties gave up millions from tobacco settlement for short-term gains

Lower Hudson Valley counties forfeited most of the $659 million they were to receive from a 1998 legal settlement with tobacco manufacturers, selling off their interests and scattering the short-term gains in financial deals that cost taxpayers tens of m
New York Journal News
added Jun 27, 2012 14:34
10 Views

[California] If Prop. 29 passes, money for bonds could suffer

If Proposition 29, which would increase the state tax on cigarettes by $1 a pack, manages to eke out a come-from-behind win in late ballot counting, it could pose another blow to bonds backed by revenues states are receiving from tobacco companies.
San Francisco Chronicle
added Jun 21, 2012 16:58
33 Views

California Tax Imperils Best Tobacco Gain Since ’09: Muni Credit

More than 300,000 uncounted ballots in a California tax referendum may dictate the future of the biggest rally since 2009 for bonds backed by payments from tobacco companies.
Business Week/Bloomberg
added Jun 20, 2012 09:53
15 Views

[New York] Up in smoke: Counties gave up millions from tobacco settlement for short-term gains

Lower Hudson Valley counties forfeited most of the $659 million they were to receive from a 1998 legal settlement with tobacco manufacturers, selling off their interests and scattering the short-term gains in financial deals that cost taxpayers tens of m
New York Journal News
added Jun 18, 2012 14:23
3 Views

[California] EDITORIAL: The wrong cigarette tax

Prop. 29 is not the answer, but a new levy that puts revenue to better use would benefit the state.
Los Angeles Times
added Jun 8, 2012 16:26
4 Views

[California] UPDATE 1-Tobacco bond payments may fall if Calif. OKs tax measure-Fitch (Adds comment, background)

Fitch Ratings said on Tuesday it believes all tobacco Master Settlement Agreement recipients may see lower payments if California voters support a tax measure that would raise the tax on a pack of cigarettes by $1 to $1.87.
Reuters
added Jun 5, 2012 23:39
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