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Home > Investor Resources > Tax-Exempt Securities by Issuer > Children's Trust
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Children's Trust

Children's Trust

Credit Ratings

  Moody's Standard & Poor's  
Tobacco Settlement Asset-Backed
  Bonds, 2008 - Series A

N/R N/R  
Tobacco Settlement Asset-Backed
  Bonds, 2008 - Series B

N/R N/R  
Tobacco Settlement Asset-Backed
  Bonds, 2005 Series A

N/R N/R  
Tobacco Settlement Asset-Backed
  Bonds, 2005 Series B

N/R N/R  

Tobacco Settlement Asset-Backed
  Bonds, Series 2002

  with maturity date - 5/15/2033

Ba1 (sf) BB (sf)  

Tobacco Settlement Asset-Backed
  Bonds, Series 2002

  with maturity date - 5/15/2039

Ba1 (sf) BB (sf)  

Tobacco Settlement Asset-Backed
  Bonds, Series 2002

  with maturity date - 5/15/2043

Ba2 (sf) BB (sf)  
 
 

Credit Rating Reports on Children’s Trust

arrow Fitch Ratings - June 15, 2016
arrow Fitch Ratings - May 16, 2016

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

 

Financial Statements

arrow June 30, 2015
 

Official Statements

arrow 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
arrow

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

arrow Children’s Trust - $1,171,200,000
Tobacco Settlement Asset-Backed Bonds, Series 2002
October 4, 2002

GDB Contact


José V. Pagán-Beauchamp

Interim Executive Director, Children's Trust
Tel. (787) 722-2525 x-15442
Fax (787) 728-0975

 
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