Fitch Places 260 Tobacco Settlement Asset-Backed Bonds on Rating Watch Positive.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. place all of its outstanding Tobacco Settlement Asset-Backed Bonds ratings on Rating Watch Positive as listed below. This action is due to Fitch's upgrade of the corporate rating of the domestic tobacco industry to 'BBB' from 'BBB-' with a Stable Outlook on August 29, 2007. Fitch's rating of the most senior tranches Tranches A piece, portion or slice of a deal or structured financing. This portion is one of several related securities that are offered at the same time but have different risks, rewards and/or maturities. "Tranche" is the French word for "slice". of tobacco settlement bonds is influenced by Fitch's corporate rating of the tobacco industry, with a maximum attainable at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. rating of one notch notch (noch) incisure; an indentation on the edge of a bone or other organ. aortic notch dicrotic n. cardiac notch 1. above the tobacco industry rating. As such, Fitch's maximum rating for tobacco settlement bonds has moved to 'BBB+' from 'BBB'. In addition, Fitch fitch: see polecat. is reviewing its consumption stresses to incorporate some of the same developments that were incorporated in the industry upgrade. Per Fitch's criteria criteria (krītēr´ē  ),n. , the ratings on the tobacco bonds are the lower of the maximum attainable rating and the rating commensurate com·men·su·rate adj. 1. Of the same size, extent, or duration as another. 2. Corresponding in size or degree; proportionate: a salary commensurate with my performance. 3. with the stress at which each tranche Tranche One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics. tranche A class of bonds. passes. The corporate rating of the domestic tobacco industry incorporates the creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. of the domestic tobacco subsidiaries on a stand-alone (jargon) stand-alone - Capable of operating without other programs, libraries, computers, hardware, networks, etc. Exactly what is absent is presumed to be obvious from context. "We only run Windows on stand-alone PCs because it's too dangerous to run it on networked ones." basis, without reliance on parental financial support. The recent corporate rating actions reflect the operational and financial improvements of the major industry participants over the past two years and the continued manageability man·age·a·ble adj. That can be managed or controlled: manageable problems. man of 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. risk. Fitch's assessment of the domestic tobacco industry centers on class action cases with the greatest near-to-intermediate term risk. Beyond the legal issues, there are several continuing negative pressures on the tobacco industry including extensive smoking bans which diminish demand and rising excise taxes excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually apply only to foreign-made goods, and from sales taxes, which typically apply to all commodities other than those specifically exempted. that can reduce pricing flexibility. Despite these industry factors, the tobacco businesses generate substantial free cash flow. Fitch's ratings on the senior most tobacco settlement bonds can be as high as one notch above the industry rating. Fitch believes that in the event of 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 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. ) would be viewed as an executory contract An executory contract is a contract in which a party has material unperformed obligations. Although material, an obligation to pay money does not usually make a contract executory. The term executory contract assumes a specialized meaning in some areas of law. whereby the manufacturers would be likely to choose to continue making payments under the MSA in order to retain the benefits under the MSA, allowing Fitch to assign a rating one notch higher than the industry rating. Over the past year, the tobacco industry's litigation environment has improved with favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. rulings for the leading tobacco manufacturers. In light of recent rulings, Fitch is reviewing its cash flow stresses for all rating levels in consideration of the decreased tobacco litigation over the near term. Fitch anticipates that most upgrades will be limited to one notch. Notification of any upgrades will be announced upon Fitch's review of the transactions. Additionally, Fitch will update its Tobacco Settlement Bond criteria to reflect the changes to the cash flow stresses within the next 60 days. For more information on Fitch's upgrade of the corporate rating of the domestic tobacco industry, please see the press release 'Fitch Affirms Altria's L-T 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. at 'BBB+'; Places Phillip Phillip is a variant of the name Philip. It may refer to: Given name:
Fitch places the following tobacco settlement asset-backed bonds on Rating Watch Positive: Inland Empire In·land Empire A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area. Tobacco 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. Authority tobacco settlement asset-backed bonds Series 2007 Inland Empire Tobacco Securitization Corporation) (Riverside County, California Riverside County is a county located in the southeastern part of the U.S. state of California, stretching from Orange County to the Colorado River, which is the border with Arizona. ) --$32,500,000.00 Series 2007A Senior Current Interest Bonds, due June June: see month. 1, 2021, 'BBB'; --$55,150,000.00 Series 2007A Senior Current Interest Bonds, due June 1, 2021, 'BBB'; --$53,757,702.60 Series 2007B Senior Convertible Turbo Term Bonds, due June 1, 2026, 'BBB'; --$53,541,801.45 Series 2007C-1 Subordinate Turbo Capital Appreciation Term Bonds, due June 1, 2036, 'BBB'; --$29,652,581.40 Series 2007C-2 Subordinate Turbo Capital Appreciation Term Bonds, due June 1, 2047, 'BBB'; --$23,457,163.80 Series 2007D Subordinate Turbo Capital Appreciation Term Bonds, due June 1, 2057, 'BBB-'; --$18,948,552.00 Series 2007E Subordinate Turbo Capital Appreciation Term Bonds, due June 1, 2057, 'BB'. 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 (Golden Gate Tobacco Funding Corporation), tobacco settlement asset-backed bonds, series 2007 (Marin Mar·in , John 1870-1953. American painter noted for his semiabstract watercolors, including Brooklyn Bridge. County) --$8,830,000 Series 2007A Current Interest Turbo Bonds, due May 15, 2021, 'BBB'; --$6,123,570 Series 2007B Convertible Turbo Bonds, due May 15, 2028, 'BBB'; --$9,280,000 Series 2007A Current Interest Turbo Bonds, due May 15, 2036, 'BBB'; --$17,275,000 Series 2007A Current Interest Turbo Bonds, due May 15, 2047, 'BBB'; --$2,288,202 Series 2007 C Subordinate Turbo Capital Appreciation Bonds, due May 15, 2057, 'BBB-'; --$2,187,675 Series 2007 D Subordinate Turbo Capital Appreciation Bonds, due May 15, 2057, 'BB'; --$1,928,680 Series 2007 E Subordinate Turbo Capital Appreciation Bonds, due May 15, 2057, 'B'. Silicon Valley Tobacco Securitization Authority tobacco settlement asset-backed bonds, series 2007 (Santa Clara County, California Santa Clara County is a county located in the San Francisco Bay Area of the U.S. state of California. It is the primary site of Silicon Valley. As of 2000 it had a population of 1,682,585. The county seat is San Jose. ): Series 2007 turbo capital appreciation term bonds --43,604,065.50 series 2007A, due June 1, 2036 'BBB'; --$11,339,136.60 series 2007A, due June 1, 2041 'BBB'; --$13,617,538.40 series 2007A, due June 1, 2047 'BBB'; --$ 4,407,579.55 series 2007B, due June 1, 2047 'BBB-'; --$20,160,692.00 series 2007C, due June 1, 2056 'BB'; --$8,901,000.00 series 2007D, due June 1, 2056 'B'; Golden State Tobacco Securitization Corporation tobacco settlement asset-backed bonds, series 2007 (California) Series 2007A-1 senior current interest serial bonds: --$27,335,000 due June 1, 2008 'BBB'; --$30,730,000 due June 1, 2009 'BBB'; --$34,080,000 due June 1, 2010 'BBB'; --$19,920,000 due June 1, 2011 'BBB'; --$15,605,000 due June 1, 2011 'BBB'; --$18,710,000 due June 1, 2012 'BBB'; --$20,470,000 due June 1, 2012 'BBB; --$6,395,000 due June 1, 2013 'BBB'; --$11,655,000 due June 1, 2013 'BBB'; --$20,570,000 due June 1, 2014 'BBB'; --$23,190,000 due June 1, 2015 'BBB'; --$28,875,000 due June 1, 2016 'BBB'; --$5,140,000 due June 1, 2017 'BBB'; --$27,255,000 due June 1, 2017 'BBB'; Series 2007A-1 senior current interest turbo term bonds: --$863,100,000 due 2027 'BBB'; --$610,525,000 due 2033 'BBB'; --$1,250,000,000 due 2047 'BBB'; $693,575,000 due 2047 'BBB'; Series 2007A-2 senior convertible turbo term bonds: --$389,192,591.40 due June 1, 2037 'BBB'. Chautauqua Chau`tau´qua 1. a meeting, usually held in the summer outdoors or under a temporary tent, providing public lectures combined with entertainment such as concerts and plays. It originated in the village of Chautauqua, N. Y. Tobacco Asset Securitization Corporation (New York), tobacco settlement revenue bonds, series 2000 --$1,450,000 turbo term bonds due July July: see month. 1, 2012 'BBB'; --$1,100,000 turbo term bonds due July 1, 2016 'BBB'; --$4,820,000 turbo term bonds due July 1, 2024 'BBB'; --$22,160,000 turbo term bonds due July 1, 2040 'BBB'; New York Counties Tobacco Trust I (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 2000 --$910,000 serial bonds due June 1, 2008 'BBB'; --$1,020,000 serial bonds due June 1, 2009 'BBB'; --$1,150,000 serial bonds due June 1, 2010 'BBB'; --$1,310,000 serial bonds due June 1, 2011 'BBB'; --$1,450,000 serial bonds due June 1, 2012 'BBB'; --$1,720,000 serial bonds due June 1, 2013 'BBB'; --$2,020,000 serial bonds due June 1, 2014 'BBB'; --$2,200,000 serial bonds due June 1, 2015 'BBB'; --$14,890,000 turbo term bonds due June 1, 2019 'BBB'; --$2,370,000 flexible amortization term bonds due June 1, 2023 'BBB'; --$39,710,000 flexible amortization term bonds due June 1, 2028 'BBB'; --$60,450,000 flexible amortization term bonds due June 1, 2035 'BBB'; --$71,840,000 flexible amortization term bonds due June 1, 2042 'BBB'; Niagara Niagara, river, United States and Canada Niagara (nīăg`rə), river, 34 mi (55 km) long, issuing from Lake Erie between Buffalo, N.Y., and Fort Erie, Ont., Canada. Tobacco Asset Securitization Corporation (New York), tobacco settlement asset-backed bonds, series 2000 --$535,000 serial bonds due May 15, 2016 'BBB'; --$65,000 serial bonds due May 15, 2016 'BBB'; --$600,000 serial bonds due May 15, 2017 'BBB'; --$70,000 serial bonds due May 15, 2017 'BBB'; --$635,000 serial bonds due May 15, 2018 'BBB'; --$530,000 serial bonds due May 15, 2018 'BBB'; --$260,000 serial bonds due May 15, 2019 'BBB'; --$820,000 serial bonds due May 15, 2019 'BBB'; --$105,000 serial bonds due May 15, 2019 'BBB'; --$780,000 serial bonds due May 15, 2020 'BBB'; --$490,000 serial bonds due May 15, 2020 'BBB'; --$485,000 serial bonds due May 15, 2021 'BBB'; --$875,000 serial bonds due May 15, 2021 'BBB'; --$210,000 serial bonds due May 15, 2022 'BBB'; --$1,175,000 serial bonds due May 15, 2022 'BBB'; --$11,995,000 turbo term bonds due May 15, 2029 'BBB'; --$10,575,000 turbo term bonds due May 15, 2034 'BBB'; --$14,945,000 turbo term bonds due May 15, 2040 'BBB'; Rensselaer Rensselaer (rĕnsəlēr`, rĕn`sələr), city (1990 pop. 8,255), Rensselaer co., E N.Y., on the east bank of the Hudson River opposite Albany; settled 1630 by Dutch, inc. 1897. Tobacco Asset Securitization Corporation (New York), tobacco settlement asset-backed bonds, series 2001 --$160,000 serial bonds due June 1, 2008 'BBB'; --$200,000 serial bonds due June 1, 2009 'BBB'; --$215,000 serial bonds due June 1, 2010 'BBB'; --$245,000 serial bonds due June 1, 2011 'BBB'; --$270,000 serial bonds due June 1, 2012 'BBB'; --$295,000 serial bonds due June 1, 2013 'BBB'; --$310,000 serial bonds due June 1, 2014 'BBB'; --$340,000 serial bonds due June 1, 2015 'BBB'; --$385,000 serial bonds due June 1, 2016 'BBB'; --$5,235,000 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'; --$10,890,000 super sinker term bonds due June 1, 2035 'BBB'; --$13,355,000 super sinker term bonds due June 1, 2043 'BBB'; Ulster Ulster, northernmost of the historic provinces of Ireland. Modern Ulster consists of nine counties. Six (Antrim, Armagh, Down, Fermanagh, Derry, and Tyrone) now make up Northern Ireland (see Ireland, Northern), which is often referred to as Ulster; the remaining Tobacco Asset Securitization Corporation (New York), tobacco settlement asset-backed bonds, series 2001 --$11,765,000 current interest term bonds due June 1, 2030 'BBB'; --$10,190,000 current interest term bonds due June 1, 2040 'BBB'; --$4,610,000 convertible capital appreciation bonds due June 1, 2025 'BBB'; --$4,765,000 convertible capital appreciation bonds due June 1, 2040 'BBB'; 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 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 --$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 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 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 --$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, 2018 '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 --$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'; --$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 June 01, 2046 'BBB'; --$6,752,856 series 2006B turbo capital appreciation bonds due June 01, 2046 'BBB-'; --$23,149,900 series 2006C turbo capital appreciation bonds due June 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'; --$15,505,000 serial bonds due May 15, 2013 'BBB'; --$17,265,000 serial bonds due May 15, 2014 '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 --$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 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 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 tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. 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 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 Westchester is the name of some places in the United States of America:
--$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 Affiliate Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company. 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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