Golden State Tobacco Securitization Corp.#s $699.330 Million Bonds Series 2018A-1 Assigned Preliminary Ratings

Stocks and Financial Services Press Releases Friday June 15, 2018 09:18
NEW YORK--15 Jun--S&P Global Ratings

NEW YORK (S&P Global Ratings) June 14, 2018--S&P Global Ratings today assigned its preliminary ratings to Golden State Tobacco Securitization Corp.'s $699.330 million tobacco settlement bonds series 2018A-1 (see list).

The bond issuance is an asset-backed securities transaction backed by tobacco settlement revenues, resulting from master settlement agreement payments, a senior liquidity reserve account, and interest income.
The preliminary ratings are based on information as of June 14, 2018. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings.
The preliminary ratings reflect: