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Headlines Tagged with Bonds — 1,402 headlines found
29
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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.
Jul 12, 2012
San Francisco Chronicle
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Jul 13, 2012 06:34
4
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[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
Jun 17, 2012
New York Journal News
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Jun 28, 2012 11:56
1
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[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
Jun 17, 2012
New York Journal News
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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.
Jun 21, 2012
San Francisco Chronicle
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Jun 21, 2012 16:58
31
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.
Jun 20, 2012
Business Week/Bloomberg
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Jun 20, 2012 09:53
15
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[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
Jun 17, 2012
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.
Jun 8, 2012
Los Angeles Times
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Jun 8, 2012 16:26
4
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[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.
Jun 5, 2012
Reuters
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Jun 5, 2012 23:39
10
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[New Jersey] Fitch Withdraws the Ratings for the N.J. Economic Dev Auth (NJ) Cigarette Tax Rev Bond Series 2004
May 9, 2012
Business Wire
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May 10, 2012 02:43