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29 'AAA' Ratings Withdrawn On Eight Closed-End Leveraged Fund Transactions Following Complete Paydowns Jun 11
Standard & Poors, June 2011
Abstract
NEW YORK (Standard & Poor's) June 13, 2011--Standard & Poor's Ratings Services today withdrew its 'AAA' ratings on 29 tranches from eight 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 RATINGS WITHDRAWN Nuveen California Dividend Advantage Municipal Fund 2 Rating Class To From Series M NR AAA Series F NR AAA Nuveen Investment Quality Municipal Fund Rating Class To From...
Companies mentioned in this report are: Nuveen California Dividend Advantage Municipal Fund 2,Nuveen Investment Quality Municipal Fund Inc.,Nuveen Select Quality Municipal Fund Inc.,Nuveen Premier Municipal Income Fund Inc.,Nuveen Premium Income Municipal Fund 2 Inc.,Nuveen New Jersey Dividend Advantage Municipal Fund,Nuveen Ohio Dividend Advantage Municipal Fund 2,Nuveen Ohio Dividend Advantage Municipal Fund 3
Action: Withdrawn
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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