Fitch Ratings has assigned an 'AAA' rating to the following securities issued by Nuveen Virginia Dividend Advantage Municipal Fund 2 (NYSE Amex: NNB), a municipal closed-end fund managed by Nuveen Asset Management:

--Up to $43,200,000 of MuniFund Term Preferred Shares, 2.80% Series 2014, with a liquidation preference of $10 per share (MTP Shares), due Dec. 1, 2014.