New York, February 07, 2014 -- Moody's Investors Service, Inc. ("Moody's") has assigned Aa2 long-term ratings to the new Variable Rate Demand Preferred (VRDP) shares and MuniFund Term Preferred (MTP) shares issued by the Nuveen Pennsylvania Investment Quality Municipal Fund (Ticker: NQP). Moody's has also assigned P-1 short-term ratings to the VRDP shares. The new preferred shares have been issued in connection with the merger into the NQP fund of Nuveen Pennsylvania Premium Income Municipal Fund 2 (Ticker: NPY), Nuveen Pennsylvania Dividend Advantage Municipal Fund (Ticker: NXM) and Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 (Ticker: NVY) (together, the "Merged Funds").
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