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Nuveen Ohio Dividend Advantage Municipal Fund 3 Shares Series 2014 Rated 'AAA'; Series T Rating Affirmed
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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NEW YORK (Standard & Poor's) April 21, 2011--Standard & Poor's Ratings Services today assigned its 'AAA' rating to Nuveen Ohio Dividend Advantage Municipal Fund 3's (the fund's) $16.06 million 2.35% munifund term preferred shares series 2014 and affirmed its 'AAA' rating on the fund's series T auction-rate preferred shares. The ratings on the preferred shares reflect our assessment of the likelihood that the series 2014 and T liquidation preferences and dividends will be paid if the fund's portfolio assets are liquidated. RELATED CRITERIA AND RESEARCH Request For Comment: Methodology And Assumptions For Market Value Securities, published Aug. 31, 2010. Closed-End Leveraged Funds: Criteria And Rating Process, published April 29, 2003. U.S. Municipal Bond Portfolio Criteria Updated For Closed-End Leveraged Funds,...
Companies mentioned in this report are: Nuveen Ohio Dividend Advantage Municipal Fund 3
Action: New Rating
Nuveen Ohio Dividend Advantage Municipal Fund 3