Generate Nested IIF SQL using VBA code

I came across a situation at work where we were needing to alter a large number of values in particular fields from one value to another. Here is a function I put together to assist in this. After some thought it was obvious that this would be better accomplished joining the conversion table in the query editor and moving on from there, particularly because MS Access has a limit on the number nested IIFs allowed in a single statement. Nonetheless I publish it here as it may prove useful.

Here I create a table T001CodeConversionTable that holds the translation from one set of codes to another. This field also has to have several fields in it named
OldValue
NewValue

The variables TargetTable and TargetFieldforUpdate exist in the table that will have the resultant SQL performed on it.

Public Function CreateNestedIF(TargetTable As Variant, TargetFieldforUpdate As Variant)

Dim rst As DAO.Recordset
Dim rst2 As DAO.Recordset
Dim rst3 As DAO.Recordset
Dim RecordCount1 As Long
Dim RecordCount2 As Long

Set rst = CurrentDb.OpenRecordset("T001CodeConversionTable")
Set rst2 = CurrentDb.OpenRecordset("T001CodeConversionTable")
Set rst3 = CurrentDb.OpenRecordset("T001CodeConversionTable")

RecordCount1 = rst.RecordCount
RecordCount2 = rst3.RecordCount

Dim fs, TextFile
Set fs = CreateObject("Scripting.FileSystemObject")
Set TextFile = fs.CreateTextFile("C:\Users\Mark\Documents\NestedIFs.txt", True)
TextFile.WriteLine ("UPDATE " & TargetTable & " SET " & TargetTable & "." & TargetFieldforUpdate & "=")
Do Until rst.EOF = True
RecordCount1 = RecordCount1 - 1
TextFile.WriteLine ("IIF((" & TargetTable & "!" & TargetFieldforUpdate & "='" & rst!OldValue & "'),'" & rst!NewValue & "'")
If RecordCount1 = 0 Then
TextFile.WriteLine ("")
Else
TextFile.WriteLine (",")
End If
rst.MoveNext
Loop

rst.Close

Do Until rst2.EOF = True
TextFile.WriteLine (")")
rst2.MoveNext
Loop
TextFile.WriteLine ("WHERE ((")

rst2.Close

Do Until rst3.EOF = True
RecordCount2 = RecordCount2 - 1
TextFile.WriteLine ("(" & TargetTable & "!" & TargetFieldforUpdate & ")='" & rst3!OldValue & "'")
If RecordCount2 = 0 Then
TextFile.WriteLine ("")
Else
TextFile.WriteLine ("OR")
End If
rst3.MoveNext
Loop

rst3.Close

TextFile.WriteLine ("));")

TextFile.Close

MsgBox "Created NestedIFs File in C drive"

End Function