
BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe.

Bond Search Research Bonds

Bonds Online

Find an Investment Professional

Graphs and Data

AAA Rated Industrials (5 year) - 5.22
AAA Rated Industrials (10 year) - 5.36
AAA Rated Industrials (15 year) - 5.46
AAA Rated Industrials (20 year) - 5.54
AAA Rated Industrials (25 year) - 5.60

BBB Rated Industrials (5 year) - 5.82
BBB Rated Industrials (10 year) - 6.24
BBB Rated Industrials (15 year) - 6.50
BBB Rated Industrials (20 year) - 6.69

Source - BondsOnlineQuotes.com

Income Security Dividends

Security	Amount	Ex-Div Date
AFE	$0.45	Oct 15
BURCP	$1.50	Dec 4
DMLP	$0.95	Oct 16
EPD	$0.52	Oct 29
FAV	$0.46	Oct 20
GEL	$0.32	Oct 31
LNC PRG	$0.42	Oct 15

From PreferredsOnline
Click Here for More Information

New Jersey Economic Development Authority's Cigarette Tax Revenue Bonds Rating Placed On Negative CreditWatch

NEW YORK Sept. 12, 2006--Standard & Poor's Ratings Services today placed its 'BBB' rating on New Jersey Economic Development Authority's series 2004 cigarette tax revenue bonds on CreditWatch with negative implications due to a change in law that could affect the cash flow on the bonds.

The fiscal 2007 state budget increased the cigarette tax and also increased the amount of cigarette tax revenues that must first flow into the state's health care subsidy fund to $365 million from $150 million; these actions are not revenue-neutral. Once the health care subsidy fund is fully funded, the remaining cigarette tax revenues then flow into the dedicated cigarette tax revenue fund in support of these series 2004 bonds.

"Due to the first-dollar designation of the increased health care subsidy fund, it is currently unclear whether sufficient funds will be available from current revenues to cover the next debt service payment on the bonds in December," said Standard & Poor's credit analyst Rich Marino. "However, a fully funded debt service reserve is available to cover the payment if necessary."

In addition, the effect this increase to $365 million will have on the various debt service coverage analyses performed when the bonds were initially rated is uncertain, as our prior cash flow analysis incorporated only $150 million of the cigarette tax not being available to support debt service. Decreased debt service coverage is now a possibility.

"We will continue to monitor the credit effects of this change in law, and are in the process of reviewing the cash flows," said Mr. Marino. "The rating could be lowered or maintained based on the effects the law has, or doesn't have, on cash flow."

The CreditWatch placement affects $1.46 billion of debt.

Partner Market Place

Sign In and Search LIVE Offerings with easy-to-use maps - Go To BondSearch123.com

Choose Your Own CD Yields: How would you like to choose the yields you want on FDIC-insured CDs – instead of the yields someone else has chosen? ZIONS

Stuff to look at

Yield and Income Newsletter: A must have for income investors. subscribe NOW

Click here for a Free Week to EWI’s Global Bond Market Forecasts now through May 16!

2007 Investment advice:

The stealth move that could topple world equities. [more]

BondsOnline Advisor

September Issue:
Income Security Recomendations:
Read More [+]

Past Issues: Read More [+]

Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!

Unsubscribe here [+]

About \| Contact \| Affiliate Program \| Advertise \| Contribute \| Disclaimer \| Privacy Policy. Copyright © 2006 Bondsonline Group, Inc.
Market data provided by