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2020-10-05 21:55
Moody's Investors Service, ("Moody's") has assigned an Aa3 rating to new preferred securities issued by Nuveen Senior Income Fund (ticker: NSL), a closed-end fund registered under the Investment Company Act of 1940 with approximately $338 million of net assets under management. The transaction is expected to be leverage neutral, as NSL will use the proceeds of the issuance to redeem outstanding preferred shares and to pay down a portion of its outstanding senior debt. Nuveen Senior Income Fund invests primarily in floating or variable rate, U.S. dollar denominated senior loans.