Wednesday, June 20, 2007

Fitch raises Reynolds debt on lower litigation risk

(Reuters) - A stable outlook indicated an additional ratings change is
not expected over the next one to two years.




The New York Court of Appeals earlier this month ruled that
tobacco companies that are part of the 1998 agreement that
settled tobacco litigation with most states, including
Reynolds, can go to arbitration to try to reduce their
settlement payments, according to a court document.


Read more at Reuters.com Bonds News

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