Tobacco sector

credit of the month


The tobacco industry had a wild ride this past year, with most of the ups and downs triggered by headline risk from several high-profile lawsuits. For example, in May of 2003, the Third District Court of Appeal in Florida reversed a $145 billion jury verdict in the Engle class action lawsuit that found that several of the largest US cigarette manufacturers misledi Americans about the dangers of smoking. On the back of this news, spreads on Altria’s bonds tightened over 121 basis points.


To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: