27.12.2013 18:18:00
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Moody's assigns Aa3 ratings to preferred shares issued by three senior loan funds managed by Nuveen
New York, December 27, 2013 -- Moody's Investors Service, ("Moody's") has assigned Aa3 long-term ratings to Variable Rate Term Preferred (VRTP) shares issued by three senior loan closed-end funds managed by Nuveen Fund Advisors, LLC (Nuveen). The three funds are the Nuveen Floating Rate Income Fund (Ticker: JFR), Nuveen Floating Rate Income Opportunity Fund (Ticker: JRO), and Nuveen Senior Income Fund (Ticker: NSL) (collectively, "the Funds"). The long-term ratings of the VRTP shares are based on the funds' adjusted leverage, portfolio profiles and fixed charge coverage, as calculated by Moody's, combined with an assessment of the VRTP shares' relative priority of claim.