Tobacco Settlement Authority#s Series 2018 $44.735 Million Bonds Assigned Preliminary Ratings

Stocks and Financial Services Press Releases Tuesday June 5, 2018 10:22
NEW YORK--5 Jun--S&P Global Ratings

NEW YORK (S&P Global Ratings) June 4, 2018--S&P Global Ratings today assigned its preliminary ratings to Tobacco Settlement Authority's $44.735 million tobacco settlement revenue refunding bonds series 2018 (see list).

The note issuance is an asset-backed securities transaction backed by Washington's pledged tobacco settlement revenues resulting from the master settlement agreement payments, fully funded liquidity reserve account, and interest income.

The preliminary ratings are based on information as of June 4, 2018. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.
The preliminary ratings reflect: