Nuveen Municipal Superior Income Prospect Fund — Moody’s assigns Aa2 rating to favored shares issued by Nuveen Municipal Substantial Income Chance Fund

Rating Motion: Moody’s assigns Aa2 ranking to preferred shares issued by Nuveen Municipal Superior Income Possibility FundGlobal Credit score Research – 12 Feb 2021New York, February 12, 2021 — Moody’s Buyers Support, (“Moody’s”) has assigned a Aa2 prolonged-expression rating to Sequence 2028 Adjustable Price MuniFund Expression Preferred (AMTP) shares issued by Nuveen Municipal Higher Cash flow Possibility Fund (ticker: NMZ), a closed-finish fund registered beneath the Financial commitment Company Act of 1940 with about $1.8 billion of belongings less than administration.NMZ’s principal financial commitment objective is to provide a higher level of present-day money exempt from normal U.S. federal revenue tax. The fund’s secondary goal is to find full return regular with its most important goal. The fund seeks to realize its investment decision goals by investing principally in significant yielding, minimal- to medium-high-quality municipal securities.A summary of the score motion follows:Nuveen Municipal Superior Revenue Opportunity Fund (NMZ) — AMTP Shares Sequence 2028 combination fantastic of $87. million (870 shares, liquidation preference of $100,000 for each share) — assigned Aa2Ratings RATIONALENMZ’s Aa2 score reflects the fund’s stable danger-modified asset protection ratio which mixed with the very low probability of breaching regulatory coverage requirements delivers favored shareholders with considerable protection from asset deterioration. NMZ also maintains good coverage of its funding expenses, like most well-liked dividend payments.Offsetting the fund’s strengths is its asset profile which principally demonstrates a substantial concentration of underneath expense grade, such as non-rated, municipal securities, and could include securities of an issuer that is in default or that is in individual bankruptcy or insolvency proceedings.Components THAT COULD Direct TO AN Improve OR DOWNGRADE OF THE RATINGSAn update from Aa2 would be probable underneath the adhering to situations: 1) a product reduction in leverage 2) sustained advancement in asset high quality or 3) sustained superior mounted charge protection.The Aa2 rating could be downgraded if there is 1) a sustained decrease in the fund’s threat adjusted asset protection ratio 2) a deterioration in the credit excellent of the fund’s investment decision portfolio 3) a sustained enhance in the fund’s leverage 4) compression in the fund’s coverage of fixed costs 4) personal debt funding blend remains weighted to senior alternatively than preferred.RELATIVE Precedence OF CLAIMIn addition to evaluating the key score variables described earlier mentioned, Moody’s considers the priority of claim of a fund’s specific stability kinds and any other qualitative variables pertinent to the fund’s credit score profile. In the situation of desired securities, which is the instrument class affiliated with these ratings, a 1-notch downward adjustment from the senior score profile recommended by the important aspects is manufactured to reflect the subordinate place of buyers keeping desired stock relative to individuals keeping senior unsecured credit card debt obligations.The principal methodology used in this ranking was “Shut-Conclusion Money Methodology” revealed in December 2020 and accessible at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1205925. Alternatively, be sure to see the Score Methodologies website page on www.moodys.com for a duplicate of this methodology.REGULATORY DISCLOSURESFor further more specification of Moody’s crucial rating assumptions and sensitivity assessment, see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody’s Score Symbols and Definitions can be identified at: https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004.For rankings issued on a software, sequence, classification/course of personal debt or protection this announcement provides specified regulatory disclosures in relation to each and every rating of a subsequently issued bond or be aware of the identical sequence, classification/class of financial debt, security or pursuant to a plan for which the scores are derived solely from present ratings in accordance with Moody’s score practices. For scores issued on a aid company, this announcement delivers sure regulatory disclosures in relation to the credit score ranking action on the support service provider and in relation to just about every particular credit score motion for securities that derive their credit history ratings from the guidance provider’s credit rating rating. 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Exceptions to this tactic exist for the subsequent disclosures, if relevant to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.The score has been disclosed to the rated entity or its selected agent (s) and issued with no amendment ensuing from that disclosure.This score is solicited. Please refer to Moody’s Policy for Designating and Assigning Unsolicited Credit rating Rankings readily available on its website www.moodys.com.Regulatory disclosures contained in this push release implement to the credit rating ranking and, if applicable, the connected rating outlook or ranking assessment.Moody’s typical principles for examining environmental, social and governance (ESG) threats in our credit score assessment can be identified at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1243406.The International Scale Credit score Ranking on this Credit rating Score Announcement was issued by 1 of Moody’s affiliate marketers outside the house the EU and is endorsed by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Principal 60322, Germany, in accordance with Artwork.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit score Rating Organizations. More information and facts on the EU endorsement position and on the Moody’s workplace that issued the credit score rating is offered on www.moodys.com.The Global Scale Credit score Score on this Credit history Ranking Announcement was issued by a person of Moody’s affiliate marketers outside the British isles and is endorsed by Moody’s Investors Service Restricted, A single Canada Sq., Canary Wharf, London E14 5FA under the regulation relevant to credit rating rating agencies in the United kingdom. Even more information on the British isles endorsement standing and on the Moody’s workplace that issued the credit ranking is available on www.moodys.com.Be sure to see www.moodys.com for any updates on alterations to the guide ranking analyst and to the Moody’s authorized entity that has issued the rating.You should see the rankings tab on the issuer/entity page on www.moodys.com for extra regulatory disclosures for every single credit score score. 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