Two Nuveen Closed-End Funds Have Certain Long-Term Preferred Share Ratings Withdrawn
February 24 2014 - 4:49PM
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 MuniTerm Preferred (MTP) shares issued by two Nuveen
municipal bond closed-end funds. Fitch and Moody’s will continue to
provide ratings for each of the funds.
The two funds, their prior S&P 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 Preferred Series
Preferred Prior S&P Current
S&P Current Fitch Current Share
Type CUSIP Long- Long- Long- Moody's Long- Ticker Term/Short-
Term/Short- Term/Short- Term/Short-
Term Ratings Term Ratings
Term Ratings Term Ratings Nuveen North Carolina
Premium Income Municipal Fund NNC MTP Series 2015
67060P308 AAA / NR
AAA / Aa2 / MTP Series 2015 #1
67060P803 AAA / NR
AAA / Aa2 / MTP Series 2015 #1
67060P704 AAA / NR
AAA / Aa2 / MTP Series 2015
67060P605 AAA / NR
AAA / Aa2 / MTP
Series 2016 67060P407 AAA
/ NR AAA / Aa2 / Nuveen
Connecticut Premium Income Municipal Fund NTC MTP
Series 2015 67060D305 AAA /
NR AAA / Aa2 / MTP
Series 2015 #1 67060D701 AAA /
NR AAA / Aa2 / MTP
Series 2015 67060D503 AAA /
NR AAA / Aa2 / MTP
Series 2015 #1 67060D602 AAA /
NR AAA / Aa2 /
MTP Series 2016 67060D404
AAA / NR AAA /
Aa2 /
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.
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343KRISTYNA.MUNOZ@NUVEEN.COM
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