Fitch gives A+ to Tobacco Settlement Financing, N.Y., bonds

Fitch Ratings said it assigned an A+ rating to $216.59 million of asset-backed revenue bonds, series 2008A (state contingency contract secured), and $224.48 million of asset-backed revenue bonds, series 2008B (state contingency contract secured), from the Tobacco Settlement Financing Corp. (State of New York).

The bonds are expected to be offered through negotiation the week of March 17.

Fitch also said it affirmed the A+ rating on about $3.4 billion of outstanding asset-backed revenue bonds (state contingency contract secured).

The outlook is positive.

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