Children's Trust
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Credit Ratings
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Moody's |
Standard & Poor's |
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Tobacco Settlement Asset-Backed
Bonds, 2008 - Series A
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N/R |
N/R |
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Tobacco Settlement Asset-Backed
Bonds, 2008 - Series B
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N/R |
N/R |
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Tobacco Settlement Asset-Backed
Bonds, 2005 Series A
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N/R |
N/R |
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Tobacco Settlement Asset-Backed
Bonds, 2005 Series B
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N/R |
N/R |
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Tobacco Settlement Asset-Backed
Bonds, Series 2002
with maturity date - 5/15/2033
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Ba1 (sf) |
BB (sf) |
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Tobacco Settlement Asset-Backed
Bonds, Series 2002
with maturity date - 5/15/2039
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Ba1 (sf) |
BB (sf) |
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Tobacco Settlement Asset-Backed
Bonds, Series 2002
with maturity date - 5/15/2043
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Ba2 (sf) |
BB (sf) |
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Credit Rating Reports on Children’s Trust
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Security
The Tobacco Settlement Asset-Backed Bonds Series are issued by the Children's Trust pursuant to the Children's Trust Act, by which the Commonwealth of Puerto Rico transferred to the Trust all of its right, title and interest under the Master Settlement Agreement (the ''MSA'') that was entered into by participating cigarette manufacturers (PMs), Puerto Rico, 46 states and five other U.S. jurisdictions in November 1998 in the settlement of certain smoking-related litigation including the Commonwealth's right to receive certain initial, annual and strategic contribution payments to be made by the PMs under the MSA.
Functions
The Children's Trust is a GDB affiliate specially created pursuant to Act 173 of July 30, 1999, as amended (the Children's Trust Act) to administer the funds received by the Commonwealth of Puerto Rico from the settlement of claims against tobacco companies and use them to fund special programs to improve the quality of life of Puerto Rican families. The Children's Trust Fund has an assigned board of directors and the Bank is in charge of providing all of the Trust Fund's staff while serving as its disbursement agent and financial advisor.
Trustees Under the Different Trust Indentures:
Deutsche Bank
Financial Statements Audited by:
RSM Puerto Rico
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Financial Statements |
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Official Statements |
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Children’s Trust - $195,878,970.40
Tobacco Settlement Asset-Backed Bonds, Series 2008
consisting of
$139,003,082.40 Series 2008A and $56,875,888.00 Series 2008B
April 23, 2008 |
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Children’s Trust - $108,209,446,20
Tobacco Settlement Asset-Backed Bonds, Series 2005
consisting of $74,523,430.50 Series 2005A and $33,686,015.70 Series 2005B
July 14, 2005 |
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Children’s Trust - $1,171,200,000
Tobacco Settlement Asset-Backed Bonds, Series 2002
October 4, 2002
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José V. Pagán-Beauchamp
Interim Executive Director, Children's Trust
Tel. (787) 722-2525 x-15442
Fax (787) 728-0975 |
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