Fitch rates Michigan Tobacco Settlement Finance Authority, tobacco settlement asset-backed bonds as follows:
--$114,860,000.00 series 2008A current interest turbo bonds, due June 1, 2042 'BBB+'
--$29,874,650.00 series 2008B taxable capital appreciation turbo term bonds, due June 1, 2046, 'BBB'
--$57,673,814.40 series 2008C capital appreciation turbo term bonds, due June 1, 2058, 'BBB-'
For more information, see the Michigan Tobacco Settlement Finance Authority, series 2008 presale report, available to all investors on Fitch's corporate web 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.
Contacts:
New York:
Jeffrey Prackup, +1-212-908-0839
Gary
Santo, +1-212-908-9172
Sandro Scenga, +1-212-908-0278 (Media
Relations)
