Fitch Affirms Over $14.6B In U.S. Tobacco Settlement ABS.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. over $14.6 billion in outstanding tobacco settlement bonds. Fitch's rating of the tobacco settlement asset-backed bonds relies on the rating of the U.S. domestic tobacco industry and the payment of bond principal by its stated legal final maturity under Fitch's cash flow stress scenarios. A detailed ratings list follows the end of the release. Fitch fitch: see polecat. currently rates the U.S. domestic tobacco industry 'BBB-' with a Stable Outlook. Fitch revised the sector's Outlook to Stable from Negative on May, 16, 2006 on improvements in both the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. , in addition to the tobacco companies' improved financial condition. The tobacco industry rating is primarily driven by the credit profiles of the three largest public tobacco manufacturers, Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer). Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc. , Inc. (Issuer Default Rating of 'BBB+' by Fitch), Reynolds American Reynolds American, Inc. (NYSE: RAI) is an American company whose holdings include R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Forsyth Tobacco, Lane Limited, Conwood Company (formerly American Snuff Company), and R.J. Reynolds Global Products, Inc. Inc. (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. rated 'BB'), and Loews The name Loews can refer to several articles in the Wikipedia:
Tobacco settlement bonds are tied to Fitch's industry rating of the tobacco industry. Due to the executory That which is yet to be fully executed or performed; that which remains to be carried into operation or effect; incomplete; depending upon a future performance or event. The opposite of executed. executory adj. something not yet performed or done. nature of the Master Settlement Agreement (MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. ), the highest rating achievable under Fitch's criteria is 'BBB', one notch notch (noch) incisure; an indentation on the edge of a bone or other organ. aortic notch dicrotic n. cardiac notch 1. higher than the tobacco industry rating of 'BBB-'. In the event of a bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most of a participating manufacturer, Fitch believes there is an incentive for the manufacturer to choose to continue to make payments under the MSA and the tobacco settlement revenues would therefore continue to flow to bondholders. The MSA is an industry-wide settlement of all past and future claims by the settling states against the participating manufacturers for reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. of health-related costs due to tobacco consumption. In evaluating the existing ratings on the tobacco settlement asset-backed transactions, Fitch considered cash flow stress scenarios for each rating level to determine if the tobacco settlement asset-backed bonds paid off in full by their stated legal final maturity dates. Each of the bonds passed Fitch's cash flow stress scenarios. Fitch's cash flow stress scenarios do not consider any Non-Participating Manufacturers Adjustments, (NPM NPM National Poetry Month NPM National Postal Museum NPM New Public Management NPM National Association of Pastoral Musicians (Silver Spring, Maryland) NPM Network Processor Module NPM National Project Manager Adjustment) that may cause a state's tobacco settlement revenues to be reduced due to failure to enforce the Model Statute, designed to create an incentive for tobacco manufacturers to participate in the MSA. Fitch has affirmed the following tobacco settlement asset-backed bonds: Badger badger, name for several related members of the weasel family. Most badgers are large, nocturnal, burrowing animals, with broad, heavy bodies, long snouts, large, sharp claws, and long, grizzled fur. Tobacco Asset Securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. Corporation (Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee ), series 2002 --$12,485,000 serial bonds due June June: see month. 1, 2007 'BBB'; --$31,220,000 serial bonds due June 1, 2008 'BBB'; --$33,565,000 serial bonds due June 1, 2009 'BBB'; --$32,770,000 serial bonds due June 1, 2011 'BBB'; --$34,040,000 serial bonds due June 1, 2012 'BBB'; --$209,260,000 fixed amortization bonds due June 1, 2017 'BBB'; --$562,130,000 turbo TURBO A clinical trial–The Ultrasound Removal of Blood Clots in Vein Grafts term bonds due June 1, 2027 'BBB'; --$100,000,000 turbo term bonds due June 1, 2028 'BBB'; --$414,470,000 turbo term bonds due June 1, 2032 'BBB'. The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). County Tobacco Securitization Agency (Alameda Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. County Tobacco Asset Securitization Corporation), series 2002 --$1,810,000 serial bonds due June 1, 2007 'BBB'; --$2,985,000 serial bonds due June 1, 2008 'BBB'; --$3,020,000 serial bonds due June 1, 2009 'BBB'; --$3,070,000 serial bonds due June 1, 2010 'BBB'; --$3,130,000 serial bonds due June 1, 2011 'BBB'; --$2,905,000 serial bonds due June 1, 2012 'BBB'; --$5,605,000 turbo term bonds due June 1, 2019 'BBB'; --$51,485,000 turbo term bonds due June 1, 2029 'BBB'; --$45,170,000 turbo term bonds due June 1, 2035 'BBB'; --$76,250,000 turbo term bonds due June 1, 2042 'BBB'. Alameda County Tobacco Asset Securitization Corporation, series 2006 --$38,683,877.20 capital appreciation bonds 2006A due June 1, 2050 'BBB-' --$12,790,902.40 capital appreciation bonds 2006B due June 1, 2050 'BB'. The California County Tobacco Securitization Agency (Fresno Fresno (frĕz`nō), city (1990 pop. 354,202), seat of Fresno co., S central Calif.; inc. 1885. Settled in 1872 as a station on the Central Pacific RR, Fresno profited from irrigated farming as early as the 1880s. County Tobacco Funding Corporation), subordinate series 2006 --$16,605,906.60 subordinate series 2006A turbo capital appreciation bonds due June 1, 2046 'BBB' --$2,889,808.80 subordinate series 2006B turbo capital appreciation bonds due June 1, 2046 'BBB-' --$9,756,936.00 subordinate series 2006C turbo capital appreciation bonds due June 1, 2055 'BB-'. The California County Tobacco Securitization Agency (Kern Kern, river, 155 mi (249 km) long, rising in the S Sierra Nevada Mts., E Calif., and flowing south, then southwest to a reservoir in the extreme southern part of the San Joaquin valley. The river has Isabella Dam as its chief facility. County Tobacco Funding Corporation), series 2002 --$40,960,000 turbo term bonds 2006A due June 1, 2043 'BBB'; --$27,875,000 turbo term bonds 2006B due June 1, 2029 'BBB'; --$29,010,000 turbo term bonds 2006B due June 1, 2037 'BBB'; --$ 4,920,000 turbo term bonds 2006C due June 1, 2015 'BBB'. California County Tobacco Securitization Agency (Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County Tobacco Securitization Corporation), series 2006 --$60,279,685 convertible turbo bonds series 2006A due June 1, 2021 'BBB'; --$46,370,435 convertible turbo bonds series 2006A due June 1, 2028 'BBB'; --$62,196,244 convertible turbo bonds series 2006A due June 1, 2036 'BBB'; --$53,157,077 convertible turbo bonds series 2006A due June 1, 2041 'BBB'; --$72,159,811 convertible turbo bonds series 2006A due June 1, 2046 'BBB'; --$13,586,212 turbo capital appreciation bonds series 2006B due June 1, 2046 'BBB-'; --$12,077,640 turbo capital appreciation bonds series 2006C due June 1, 2046 'BB'. California County Tobacco Securitization Agency (Merced Merced (mərsĕd`), city (1990 pop. 56,216), seat of Merced co., central Calif.; inc. 1889. It is a growing city and a center for tourism and farm trade in a cotton, fruit, and dairy region. County Tobacco Funding Corporation), series 2005 --$2,200,000 series 2005B turbo term bonds due June 1, 2019 'BBB'; --$6,515,000 series 2005A turbo term bonds due June 1, 2026 'BBB'; --$15,160,000 series 2005A turbo term bonds due June 1, 2038 'BBB'; --$15,815,000 series 2005A turbo term bonds due June 1, 2045 'BBB'. California County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corporation), series 2002 --$4,565,000 turbo term bonds due June 1, 2019 'BBB'; --$24,490,000 turbo term bonds due June 1, 2033 'BBB'; --$34,725,000 turbo term bonds due June 1, 2043 'BBB'. California County Tobacco Securitization Agency (Stanislaus County Tobacco Funding Corporation), series 2006 --$20,965,835 subordinate series 2006A due June 1, 2046 'BBB'; --$2,827,546 subordinate series 2006B due June 1, 2046 'BBB-'; --$9,446,325 subordinate series 2006C due June 1, 2055 'BB'. California Statewide Financing Authority, series 2002 --$370,000 series 2002A serial bonds due May 01, 2007 'BBB'; --$905,000 series 2002A serial bonds due May 01, 2008 'BBB'; --$860,000 series 2002A serial bonds due May 01, 2009 'BBB'; --$820,000 series 2002A serial bonds due May 01, 2010 'BBB'; --$785,000 series 2002A serial bonds due May 01, 2011 'BBB'; --$1,040,000 series 2002A serial bonds due May 01, 2012 'BBB'; --$1,020,000 series 2002A serial bonds due May 01, 2013 'BBB'; --$955,000 series 2002A serial bonds due May 01, 2014 'BBB'; --$935,000 series 2002A serial bonds due May 01, 2015 'BBB'; --$930,000 series 2002A serial bonds due May 01, 2016 'BBB'; --$930,000 series 2002A serial bonds due May 01, 2017 'BBB'; --$28,045,000 series 2002A turbo term bonds due May 01 2029, 'BBB'; --$27,540,000 series 2002A turbo term bonds due May 01 2037, 'BBB'; --$33,095,000 series 2002A turbo term bonds due May 01, 2043 'BBB'; --$365,000 series 2002B serial bonds due May 01, 2007 'BBB'; --$895,000 series 2002B serial bonds due May 01, 2008 'BBB'; --$850,000 series 2002B serial bonds due May 01, 2009 'BBB'; --$810,000 series 2002B serial bonds due May 01, 2010 'BBB'; --$775,000 series 2002B serial bonds due May 01, 2011 'BBB'; --$1,030,000 series 2002B serial bonds due May 01, 2012 'BBB'; --$1,010,000 series 2002B serial bonds due May 01, 2013 'BBB'; --$945,000 series 2002B serial bonds due May 01, 2014 'BBB'; --$925,000 series 2002B serial bonds due May 01, 2015 'BBB'; --$920,000 series 2002B serial bonds due May 01, 2016 'BBB'; --$920,000 series 2002B serial bonds due May 01, 2017 'BBB'; --$27,765,000 series 2002B turbo term bonds due May 01, 2029 'BBB'; --$27,265,000 series 2002B turbo term bonds due May 01, 2037 'BBB'; --$32,765,000 series 2002B turbo term bonds due May 01, 2043 'BBB'. California Statewide Financing Authority, Pooled Tobacco Securitization Program, series 2006 --$29,064,420 series 2006A turbo capital appreciation bonds due May 01, 2046 'BBB'; --$6,752,856 series 2006B turbo capital appreciation bonds due May 01, 2046 'BBB-'; --$23,149,900 series 2006C turbo capital appreciation bonds due May 01, 2055 'BB'. The Children's Trust Fund (Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. ), series 2002 --$11,460,000 serial bonds due May 15, 2008 'BBB'; --$5,000,000 serial bonds due May 15, 2009-1 'BBB'; --$6,975,000 serial bonds due May 15, 2009-2 'BBB'; --$11,315,000 serial bonds due May 15, 2010 'BBB'; --$4,000,000 serial bonds due May 15, 2011-1 'BBB'; --$8,135,000 serial bonds due May 15, 2011-2 'BBB'; --$13,805,000 serial bonds due May 15, 2012 'BBB'; --$423,290,000 turbo term bonds due May 15, 2033 'BBB'; --$310,380,000 turbo term bonds due May 15, 2039 'BBB'; --$296,255,000 turbo term bonds due May 15, 2043 'BBB'. The Children's Trust Fund (Puerto Rico), series 2005 --$74,523,431 series 2005A capital appreciation bonds due May 15, 2050 'BBB-'; --$33,686,016 series 2005B capital appreciation bonds due May 15, 2055 'BB'. City of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Tobacco Settlement Revenue Funding Corporation, series 2006 --$105,400,000 series 2006 turbo term bonds due June 01, 2032 'BBB'. District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). Tobacco Settlement Financing Corporation Financing Corporation (FICO) A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC) by issuing bonds. , series 2001 --$5,800,000 serial bonds due May 15, 2008 'BBB'; --$6,285,000 serial bonds due May 15, 2009 'BBB'; --$6,840,000 serial bonds due May 15, 2010 'BBB'; --$7,140,000 serial bonds due May 15, 2011 'BBB'; --$7,145,000 serial bonds due May 15, 2012 'BBB'; --$8,030,000 serial bonds due May 15, 2013 'BBB'; --$8,360,000 serial bonds due May 15, 2014 'BBB'; --$114,855,000 turbo term bonds due May 15, 2024 'BBB'; --$169,110,000 turbo term bonds due May 15, 2033 'BBB'; --$187,540,000 turbo term bonds due May 15, 2040 'BBB'. District of Columbia Tobacco Settlement Financing Corporation, series 2006 --$145,481,196 series 2006A turbo capital appreciation bonds due June 15, 2046 'BBB'; --$14,251,650 series 2006B turbo capital appreciation bonds due June 15, 2046 'BBB-'; --$55,868,400 series 2006C turbo capital appreciation bonds due June 15, 2055 'BB'. Erie Erie, indigenous people of North America Erie (ĭr`ē), indigenous people of North America of the Iroquoian branch of the Hokan-Siouan linguistic stock (see Native American languages). Tobacco Asset Securitization Corporation (New York), series 2005: --$30,330,000 series 2005A current interest bonds due June 1, 2031 'BBB'; --$74,685,000 series 2005A current interest bonds due June 1, 2038 'BBB'; --$111,480,000 series 2005A current interest bonds due June 1, 2045 'BBB'; --$9,163,000 series 2005B first subordinate capital appreciation bonds due June 1, 2047 'BBB-'; --$12,565,080 series 2005C second subordinate capital appreciation bonds due June 1, 2050 'BB'; --$69,470,000 series 2005E taxable capital appreciation bonds due June 1, 2028 'BBB'. Nassau County Nassau County is the name of two counties in the United States of America:
--$42,645,000 series 2006A-1 taxable senior current interest bonds due June 1, 2021 'BBB'; --$37,905,609 series 2006A-2 senior convertible bonds due June 1, 2026 'BBB'; --$97,005,000 series 2006A-3 senior current interest bonds due June 1, 2035 'BBB'; --$194,535,000 series 2006A-3 senior current interest bonds due June 1, 2046 'BBB'; --$10,670,013 series 2006B first subordinate capital appreciation bonds due June 1, 2046 'BBB'; --$9,867,332 series 2006C second subordinate capital appreciation bonds due June 1, 2046 'BBB-'; --$37,604,290 series 2006D third subordinate capital appreciation bonds due June 1, 2060 'BB'. Northern Tobacco Securitization Corporation (Alaska Alaska (əlă`skə), largest in area of the United States but third smallest (exceeding only Vermont and Wyoming) in population, occupying the northwest extremity of the North American continent, separated from the coterminous United States ), series 2006: --$117,510,000 series 2006A senior current interest turbo term bonds due June 1, 2023 'BBB'; --$70,105,000 series 2006A senior current interest turbo term bonds due June 1, 2032 'BBB'; --$212,270,000 series 2006A senior current interest turbo term bonds due June 1, 2046 'BBB'; --$8,668,052 series 2006B first subordinate turbo capital appreciation bonds due June 1, 2046 'BBB'; --$3,434,807 series 2006C second subordinate turbo capital appreciation bonds due June 1, 2046 'BBB-'. New York Counties Tobacco Trust II (New York), series 2001 --$560,000 serial bonds due June 1, 2007 'BBB'; --$975,000 serial bonds due June 1, 2008 'BBB'; --$1,210,000 serial bonds due June 1, 2009 'BBB'; --$1,325,000 serial bonds due June 1, 2010 'BBB'; --$1,495,000 serial bonds due June 1, 2011 'BBB'; --$1,665,000 serial bonds due June 1, 2012 'BBB'; --$1,825,000 serial bonds due June 1, 2013 'BBB'; --$1,940,000 serial bonds due June 1, 2014 'BBB'; --$2,120,000 serial bonds due June 1, 2015 'BBB'; --$2,425,000 serial bonds due June 1, 2016 'BBB'; --$32,955,000 super sinker Super Sinker A bond with long-term coupons but a short-term maturity. Super sinkers are usually home-financing bonds that give bondholders their principal back right away if homeowners prepay their mortgages. term bonds due June 1, 2025 'BBB'; --$68,005,000 super sinker term bonds due June 1, 2035 'BBB'; --$82,795,000 super sinker term bonds due June 1, 2043 'BBB'. New York Counties Tobacco Trust III (New York), Tobacco Settlement Pass-Through pass-through n. 1. An opening between two rooms, especially a shelved space between a kitchen and dining room that is used for passing food. 2. A route through which something is permitted to pass. 3. Bonds, series 2003: --$16,360,000 turbo term bonds due June 1, 2027 'BBB'; --$15,175,000 turbo term bonds due June 1, 2033 'BBB'; --$40,390,000 turbo term bonds due June 1, 2043 'BBB'. New York Counties Tobacco Trust IV (New York), Tobacco Settlement Pass-Through Bonds, series 2005: --$6,710,000 series 2005A turbo term bonds due June 1, 2021 'BBB'; --$4,520,000 series 2005A turbo term bonds due June 1, 2026 'BBB'; --$16,585,000 series 2005A turbo term bonds due June 1, 2038 'BBB'; --$84,975,000 series 2005A turbo term bonds due June 1, 2042 'BBB'; --$83,875,000 series 2005A turbo term bonds due June 1, 2045 'BBB'; --$52,450,000 series 2005B taxable turbo term bonds due June 1, 2027 'BBB'; --$124,400,000 series 2005C taxable turbo term bonds due June 1, 2041 'BBB'; --$10,277,849 series 2005D first subordinate turbo capital appreciation bonds due June 1, 2050 'BBB-'; --$14,073,539 series 2005E second subordinate turbo Capital appreciation bonds due June 1, 2055 'BB'; --$124,400,000 series 2010A turbo term bonds due June 1, 2041 'BBB'. New York Counties Tobacco Trust V (New York), Tobacco Settlement Pass-Through Bonds, series 2005: --$50,605,433 series 2005 S1 turbo capital appreciation bonds due June 1, 2038 'BBB'; --$43,529,858 series 2005 S2 turbo capital appreciation bonds due June 1, 2050 'BBB-'; --$25,917,083 series 2005 S3 turbo capital appreciation bonds due June 1, 2055 'BB'. Rockland Rockland, industrial town (1990 pop. 16,123), Plymouth co., E Mass.; settled 1673, set off from Abington and inc. 1874. There is light manufacturing. Tobacco Asset Securitization Corporation (New York), series 2005: --$13,084,280 series 2005A first subordinate capital appreciation bonds due Aug. 1, 2045 'BBB-'; --$2,860,940 series 2005B second subordinate capital appreciation bonds due Aug. 1, 2050 'BB'. Tobacco Settlement Financing Corporation (Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. ), series 2001: --$142,015,000 series 2001A taxable turbo term bonds due May 15, 2025 'BBB'; --$230,390,000 series 2001B tax-exempt turbo term bonds due May 15, 2030 'BBB'; --$689,405,000 series 2001B tax-exempt turbo term bonds due May 15, 2039 'BBB'. Tobacco Settlement Financing Corporation (Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. ), series 2002: --$109,770,000 series 2002A tax-exempt turbo term bonds due June 1, 2023 'BBB'; --$168,260,000 series 2002A tax-exempt turbo term bonds due June 1, 2032 'BBB'; --$371,700,000 series 2002A tax-exempt turbo term bonds due June 1, 2042 'BBB'; --$19,645,000 series 2002B taxable turbo term bonds due June 1, 2012 'BBB'. Tobacco Settlement Revenue Management Authority (South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. ), series 2001: --$62,370,000 series 2001A taxable turbo term bonds due May 15, 2016 'BBB'; --$225,880,000 series 2001B tax-exempt turbo term bonds due May 15, 2022 'BBB'; --$347,625,000 series 2001B tax-exempt turbo term bonds due May 15, 2028 'BBB'; --$161,385,000 series 2001B tax-exempt turbo term bonds due May 15, 2030 'BBB'. Tobacco Settlement Financing Corporation (Commonwealth of Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). ), series 2005: --$34,425,000 turbo term bonds due June 1, 2013 'BBB'; --$51,585,000 turbo term bonds due June 1, 2019 'BBB'; --$104,020,000 turbo term bonds due June 1, 2026 'BBB'; --$252,345,000 turbo term bonds due June 1, 2037 'BBB'. Tobacco Settlement Financing Corporation (New Jersey), series 2002: --$20,180,000 serial bonds due June 1, 2008 'BBB'; --$7,240,000 serial bonds due June 1, 2009 'BBB'; --$13,285,000 serial bonds due June 1, 2009 'BBB'; --$7,235,000 serial bonds due June 1, 2010 'BBB'; --$13,755,000 serial bonds due June 1, 2010 'BBB'; --$1,410,000 serial bonds due June 1, 2011 'BBB'; --$20,080,000 serial bonds due June 1, 2011 'BBB'; --$4,805,000 serial bonds due June 1, 2012 'BBB'; --$17,220,000 serial bonds due June 1, 2012 'BBB'; --$22,590,000 serial bonds due June 1, 2013 'BBB'; --$23,200,000 serial bonds due June 1, 2014 'BBB'; --$23,845,000 serial bonds due June 1, 2015 'BBB'; --$7,090,000 serial bonds due June 1, 2016 'BBB'; --$17,535,000 serial bonds due June 1, 2016 'BBB'; --$55,310,000 fixed amortization term bonds due June 1, 2018 'BBB'; --$568,615,000 turbo term bonds due June 1, 2032 'BBB'; --$385,540,000 turbo term bonds due June 1, 2037 'BBB'; --$527,815,000 turbo term bonds due June 1, 2042 'BBB'. Tobacco Settlement Financing Corporation (New Jersey), series 2003: --$1,795,000 serial bonds due June 1, 2007 'BBB'; --$4,615,000 serial bonds due June 1, 2008 'BBB'; --$8,580,000 serial bonds due June 1, 2009 'BBB'; --$9,450,000 serial bonds due June 1, 2010 'BBB'; --$11,565,000 serial bonds due June 1, 2011 'BBB'; --$13,870,000 serial bonds due June 1, 2012 'BBB'; --$14,690,000 serial bonds due June 1, 2013 'BBB'; --$69,980,000 turbo term bonds due June 1, 2019 'BBB'; --$155,270,000 turbo term bonds due June 1, 2024 'BBB'; --$337,860,000 turbo term bonds due June 1, 2032 'BBB'; --$554,230,000 turbo term bonds due June 1, 2039 'BBB'; --$178,075,000 turbo term bonds due June 1, 2041 'BBB'; --$259,595,000 turbo term bonds due June 1, 2043 'BBB'. Tobacco Settlement Asset Securitization Corporation (TSASC) 1999 Indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. , (New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ), series 2006-1: --$284,070,000 turbo term bonds due June 1, 2022 'BBB'; --$137,765,000 turbo term bonds due June 1, 2026 'BBB'; --$372,650,000 turbo term bonds due June 1, 2034 'BBB'; --$599,025,000 turbo term bonds due June 1, 2042 'BBB'. Tobacco Settlement Financing Corporation (US Virgin Islands), series 2006: --$4,764,709 series 2006A subordinate turbo capital appreciation bonds due May 15, 2035, 'BBB'; --$512,471 series 2006B subordinate turbo capital appreciation bonds due May 15, 2035, 'BBB-'; --$867,690 series 2006C subordinate turbo capital appreciation bonds due May 15, 2035, 'BB'. Westchester Tobacco Asset Securitization Corporation (New York), series 2005: --$27,500,000 turbo term bonds due June 1, 2021 'BBB'; --$24,100,000 turbo term bonds due June 1, 2026 'BBB'; --$81,200,000 turbo term bonds due June 1, 2038 'BBB'; --$81,700,000 turbo term bonds due June 1, 2045 'BBB'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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