That's my understanding too.*I think* it's because Nikon uses ISO 200 as it's native ISO setting (on some cameras anyway). That is their clean, unaltered signal from the sensor. Like any digital camera, higher ISO settings are achieved by amplifying the signal...which causes distortion, which is why we get digital noise at higher ISO settings.
But when it comes to a lower ISO...*I think* that the camera just uses an ISO 200 signal and underexposes it one stop. Of course, the metering is adjusted, so you don't actually get an underexposed shot...but I think that you would get the same noise/image quality as ISO 200.