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Fitch to Rate Suffolk Tobacco Asset Securitization Corp Tobacco Bonds, Series 2008 (New York).

NEW YORK -- Fitch expects to rate Suffolk Tobacco Asset Securitization Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2008 as follows:

--$665,000 Series 2008A current interest serial bonds, due June 1, 2010, 'BBB+';

--$735,000 Series 2008A current interest serial bonds, due June 1, 2011, 'BBB+';

--$815,000 Series 2008A current interest serial bonds, due June 1, 2012, 'BBB+';

--$30,000 Series 2008A current interest serial bonds, due June 1, 2013, 'BBB+';

--$115,000 Series 2008A current interest serial bonds, due June 1, 2014, 'BBB+';

--$205,000 Series 2008A current interest serial bonds, due June 1, 2015, 'BBB+';

--$345,000 Series 2008A current interest serial bonds, due June 1, 2016, 'BBB+';

--$300,000 Series 2008A current interest serial bonds, due June 1, 2017, 'BBB+';

--$1,385,000 Series 2008A current interest serial bonds, due June 1, 2018, 'BBB+';

--$43,230,000 Series 2008B current interest turbo term bonds, due June 1, 2028, 'BBB+';

--$62,495,000 Series 2008B current interest turbo term bonds, due June 1, 2048, 'BBB+';

--$107,436,934 Series 2008C convertible capital appreciation turbo term bonds, due June 1, 2044, 'BBB+';

--14,372,990 Series 2008D capital appreciation turbo term bonds, due June 1, 2048, 'BBB-'.

For more information, see the Suffolk Tobacco Asset Securitization Corporation, Series 2008 (New York) presale report, available to all investors on Fitch Rating's corporate site, www.fitchratings.com.

Fitch's rating definitions and the terms of use 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 are also available from the 'Code of Conduct' section of this site.
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Publication:Business Wire
Date:Aug 5, 2008
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