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Tobacco Bonds Face Default as Smoking Declines, Moody’s Says

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

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