In the past, Europe was a haven for smokers and the tobacco industry experienced steady growth. In a July 2012 report, Moody s Investors Service predicted sustained robust profits for tobacco companies in Europe, but this summer s report looks much different. This morning, Moody s released a new 2013 report stating that growth of the European tobacco industry is now slowing, though it remains stable. Today s report stated that the European tobacco industry s growth status has been downgraded from positive to stable. According to Senior credit officer Paolo Leschiutta from Moody s corporate finance... Read More.

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