Tobacco Bonds Face Default as Smoking Declines, Moody’s Says
Bloomberg – 5 days ago
The declining number of U.S. smokers is proving hazardous to the health of municipal bonds backed by payments from cigarette companies …
Tobacco Bonds May Be Doomed to Default Barron’s (blog)
Most US muni tobacco bonds will default – Moody’s Reuters
Tobacco Bonds Could Go Up in Smoke, Moody’s Says Wall Street Journal (blog