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16 'AAA' Ratings Withdrawn On 10 Closed-End Leveraged Fund Transactions Following Complete Paydowns Aug 11
Standard & Poors, Aug 2011
Abstract
NEW YORK (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services today withdrew its 'AAA' ratings on 16 series from 10 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 RATINGS WITHDRAWN DNP Select Income Fund Inc. Rating Class To From A NR AAA B NR AAA C NR AAA M NR AAA W NR AAA T NR AAA Nuveen...
Companies mentioned in this report are: DNP Select Income Fund Inc.,Nuveen Texas Quality Income Municipal Fund,Nuveen North Carolina Premium Income Municipal Fund,Nuveen New York Dividend Advantage Municipal Fund,Nuveen Massachusetts Dividend Advantage Municipal Fund,Nuveen North Carolina Dividend Advantage Municipal Fund,Nuveen Maryland Dividend Advantage Municipal Fund,Nuveen Maryland Dividend Advantage Municipal Fund 2,Nuveen Pennsylvania Dividend Advantage Municipal Fund 2,Nuveen Insured New York Tax-Free Advantage Municipal Fund
Action: Withdrawn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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