New York, August 22, 2016 -- Moody's Investors Service has determined that entry by Prospect Capital Funding, LLC. (the "Borrower"), a middle market CLO, into an amendment dated as of August 22, 2016 (the "First Amendment") of the existing Fifth Amended and Restated Loan and Servicing Agreement (the "Amended and Restated Agreement"), dated as of August 29, 2014, and evidencing a revolving credit facility (the "Rated Facility") by and among the Borrower, various Lenders, Prospect Capital Corporation as Servicer, KeyBank National Association and The Royal Bank of Canada, as Co-Syndication Agents, KeyBank National Association as Facility Agent, and U.S. Bank National Association as Calculation, Paying and Documentation Agent, and performance of the activities contemplated therein, will not in and of themselves and at this time result in the reduction of Moody's rating of the existing portion of the Rated Facility to below the Required Facility Rating or in a withdrawal of its rating of the existing portion of the Rated Facility. Moody's does not express an opinion as to whether the First Amendment could have non-credit-related effects.

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