CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that at the request of the fund’s investment adviser, Standard & Poor’s (S&P) withdrew its long-term ratings from all series of Variable Rate Demand Preferred (VRDP) and MuniTerm Preferred (MTP) shares issued by 27 Nuveen municipal bond closed-end funds. Fitch and Moody’s will continue to provide both long-term and short-term ratings for each of the funds.
The 27 funds, their prior S&P long-term and, for VRDP, short-term ratings, their current S&P ratings after S&P’s actions, and their current Fitch and Moody’s ratings are as follows:
| Fund Name | Common Share Ticker | Preferred Type | Series | Preferred CUSIP | Prior S&P Long-Term/Short-Term Ratings | Current S&P Long-Term/Short-Term Ratings | Current Fitch Long-Term/Short-Term Ratings | Current Moody's Long-Term/Short-Term Ratings | ||||||||
|
Nuveen New York Dividend Advantage Municipal Fund |
NAN | MTP | Series 2015 | 67066X305 | AAA / | NR | AAA / | Aa2 / | ||||||||
| MTP | Series 2016 | 67066X404 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| Nuveen California Premium Income Municipal Fund | NCU | MTP | Series 2015 | 6706L0300 | AAA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen Massachusetts AMT-Free Municipal Income Fund | NGX | MTP | Series 2015 | 67072F306 | AAA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen Georgia Dividend Advantage Municipal Fund 2 | NKG | MTP | Series 2015 | 67072B305 | AAA / | NR | AAA / | Aa2 / | ||||||||
| MTP | Series 2015 #1 | 67072B404 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| MTP | Series 2015 #2 | 67072B503 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| Nuveen Massachusetts Dividend Advantage Municipal Fund | NMB | MTP | Series 2015 |
67069P309 |
AAA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen Massachusetts Premium Income Municipal Fund | NMT | MTP | Series 2015 | 67061E302 | AAA / | NR | AAA / | Aa2 / | ||||||||
| MTP | Series 2016 | 67061E401 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| Nuveen Maryland Premium Income Municipal Fund | NMY | MTP | Series 2015 | 67061Q404 | AAA / | NR | AAA / | Aa2 / | ||||||||
| MTP | Series 2015 #1 | 67061Q800 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| MTP | Series 2015 #1 | 67061Q701 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| MTP | Series 2015 | 67061Q602 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| MTP | Series 2016 | 67061Q883 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| MTP | Series 2016 | 67061Q503 | AAA / | NR | AAA / | Aa2 / | ||||||||||
| Nuveen Missouri Premium Income Municipal Fund | NOM | MTP | Series 2015 | 67060Q306 | AA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen Texas Quality Income Municipal Fund | NTX | MTP | Series 2015 | 670983402 | AAA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen New Jersey Dividend Advantage Municipal Fund 2 | NUJ | MTP | Series 2015 | 67071T307 | AAA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen New York Dividend Advantage Municipal Fund 2 | NXK | MTP | Series 2015 | 67070A309 | AAA / | NR | AAA / | Aa2 / | ||||||||
| Nuveen Dividend Advantage Municipal Fund 3 | NZF | MTP | Series 2016 | 67070X507 | AAA / | NR | AAA / | Aa1 / | ||||||||
| Nuveen New York AMT-Free Municipal Income Fund | NRK | MTP | Series 2015 | 670656305 | AAA / | NR | AAA / | Aa2 / | ||||||||
| VRDP | Series 1 | 670656404 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P1 | ||||||||||
| VRDP | Series 2 | 670656503 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P1 | ||||||||||
| VRDP | Series 3 | 670656602 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P1 | ||||||||||
| VRDP | Series 4 | 670656701 | AAA / A-1 | NR / A-1 | AAA / F1+ | Aa2 / P1 | ||||||||||
| Nuveen AMT-Free Municipal Income Fund | NEA | VRDP | Series 1 | 670657709 | AAA / A-1 | NR / A-1 | AAA / F1+ | Aa1 / P1 | ||||||||
| VRDP | Series 2 | 670657808 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa1 / P1 | ||||||||||
| Nuveen California Municipal Market Opportunity Fund, Inc. | NCO | VRDP | Series 1 | 67062U404 | AAA / A-1 | NR / A-1 | AAA / F1+ | Aa2 / P1 | ||||||||
| Nuveen California Performance Plus Municipal Fund, Inc. | NCP | VRDP | Series 1 | 67062Q502 | AAA / A-1 | NR / A-1 | AAA/ F1 | Aa2 / P1 | ||||||||
| Nuveen Municipal Opportunity Fund, Inc. | NIO | VRDP | Series 1 | 670984863 | AAA / A-1 | NR / A-1 | AAA/ F1 | Aa1 / P1 | ||||||||
| Nuveen California AMT-Free Municipal Income Fund | NKX | VRDP | Series 2 | 670651405 | AA / A-1 | NR / A-1 | AAA / F1+ | Aa2 / P1 | ||||||||
| VRDP | Series 3 | 670651504 | AA / A-1 | NR / A-1 | AAA / F1+ | Aa2 / P1 | ||||||||||
| VRDP | Series 4 | 670651603 | AA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P1 | ||||||||||
| VRDP | Series 5 | 670651702 | AA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P2 | ||||||||||
| Nuveen Municipal Advantage Fund, Inc. | NMA | VRDP | Series 1 | 67062H700 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa1 / P1 | ||||||||
| Nuveen Municipal Market Opportunity Fund, Inc. | NMO | VRDP | Series 1 | 67062W608 | AA / A-1 | NR / A-1 | AAA / F1+ | Aa1 / P1 | ||||||||
| Nuveen New Jersey Premium Income Municipal Fund, Inc. | NNJ | VRDP | Series 2 | 67101N601 | AAA / A-1+ | NR / A-1+ | AAA / F1+ | Aa2 / P1 | ||||||||
| Nuveen New York Performance Plus Municipal Fund, Inc. | NNP | VRDP | Series 1 | 67062R609 | AAA / A-1 | NR / A-1 | AAA / F1+ | Aa2 / P1 | ||||||||
| Nuveen Premium Income Municipal Fund 4, Inc. | NPT | VRDP | Series 1 | 6706K4873 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa1 / P1 | ||||||||
| Nuveen California Investment Quality Municipal Fund, Inc. | NQC | VRDP | Series 2 | 67062A507 | AAA / A-1+ | NR / A-1+ | AAA / F1+ | Aa2 / P1 | ||||||||
| Nuveen New Jersey Investment Quality Municipal Fund, Inc. | NQJ | VRDP | Series 2 | 670971605 | AAA / A-1+ | NR / A-1+ | AAA / F1+ | Aa2 / P1 | ||||||||
| Nuveen California Quality Income Municipal Fund, Inc. | NUC | VRDP | Series 1 | 670985506 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P1 | ||||||||
| Nuveen California Select Quality Municipal Fund, Inc. | NVC | VRDP | Series 1 | 670975507 | AAA / A-1 | NR / A-1 | AAA / F1 | Aa2 / P1 |
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $215 billion as of September 30, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.
