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"Since all tobacco settlement securitizations are backed by the same underlying cash flow, differences in structure, mainly those that affect coverage and seniority/payment priority, are the primary source of [the] variance in credit quality," Cain wrote

FDA will provide additional details on this issue as they become available. While further conditions are yet to be announced, the law is in place, and most retailers are displaying signs making customers aware of the change

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The monopoly also stated views on how Chinese officials should talk about the issue publicly