Report

Moody's: No adverse rating impact on preferred shares issued by Nuveen Floating Rate Income Fund following series exchange transaction

Moody's announced today that the exchange of Series C Taxable Fund Preferred Shares (TFP Shares) for new Series A TFP Shares, both of which are issued by Nuveen Floating Rate Income Fund (NYSE: JFR) would not, in and of itself and as of this point in time, result in a reduction, placement on review ...
Underlying
Nuveen Floating Rate Income Fund

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

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    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



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