New York, February 10, 2017 -- Moody's Investors Service has determined that entry by Dryden 37 Senior Loan Fund, (the "Issuer") into a supplement dated as of February 10, 2017 to the indenture dated as of March 12, 2015 among the Issuer, Dryden 37 Senior Loan Fund LLC as Co-Issuer and U.S. Bank National Association as Trustee (the "Supplemental Indenture") and performance of the activities contemplated therein will not in and of themselves and at this time result in the reduction or withdrawal with respect to any current rating by Moody's of any Class of Secured Notes or Combination Notes issued by the Issuer. Moody's does not express an opinion as to the Supplemental Indenture could have non-credit-related effects.

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