Industry | 2009.11.18
Fitch: Robust Cash Flow Continues to Benefit U.S. Tobacco Industry in 2010
CHICAGO--(BUSINESS WIRE)--Fitch Ratings expects U.S. tobacco corporate ratings to remain stable in 2010 as the companies continue to generate sizeable free cash flow as a result of high operating margins. The ratings are further supported by the companies\' significant liquidity positions with respect to manageable upcoming long-term debt maturities. "Due to the sizable cash flow generated by industry participants, past credit rating changes have mostly been precipitated by events, such as advers
For more information, please visit
http://www.businesswire.com/news/home/20091118005680/en
