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22 'AAA' Ratings Withdrawn On Seven Closed-End Leveraged Fund Transactions Following Complete Paydowns Product Image

22 'AAA' Ratings Withdrawn On Seven Closed-End Leveraged Fund Transactions Following Complete Paydowns

  • Published: May 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) May 18, 2011--Standard & Poor's Ratings Services today withdrew its 'AAA' ratings on 22 tranches from seven closed-end leveraged fund transactions (see list). We withdrew our ratings following the complete paydowns of the classes on their redemption dates. RELATED CRITERIA AND RESEARCH Request For Comment: Methodology And Assumptions For Market Value Securities, published Aug. 31, 2010. Surveillance Procedures For Global Market Value Collateralized Debt Obligations Refined, published March 14, 2008. S&P Updates Portfolio Level Approach For Rating U.S. Market Value CDOs, published June 12, 2006. RATINGS WITHDRAWN Nuveen Arizona Dividend Advantage Municipal Fund 3 Rating Class To From Series M NR AAA Nuveen Insured Quality Municipal Fund Inc. Rating Class To From Series M NR...

Companies mentioned in this report are: Nuveen Virginia Premium Income Municipal Fund,Nuveen Premium Income Municipal Fund Inc.,Nuveen Performance Plus Municipal Fund Inc.,Nuveen Insured Quality Municipal Fund Inc.,Nuveen Maryland Premium Income Municipal Fund,Nuveen Ohio Dividend Advantage Municipal Fund,Nuveen Arizona Dividend Advantage Municipal Fund READ MORE >

Nuveen Virginia Premium Income Municipal Fund,Nuveen Premium Income Municipal Fund Inc.,Nuveen Performance Plus Municipal Fund Inc.,Nuveen Insured Quality Municipal Fund Inc.,Nuveen Maryland Premium Income Municipal Fund,Nuveen Ohio Dividend Advantage Municipal Fund,Nuveen Arizona Dividend Advantage Municipal Fund 3

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