New York, August 17, 2016 -- Moody's Investors Service has determined that entry by Golub Capital Partners CLO 22 (B), Ltd. (the "Issuer") into an amendment to the Memorandum and Articles of Association of the Issuer dated as of August 17, 2016 (the "Amended Articles"), and performance of the activities contemplated therein, will not in and of themselves and at this time result in the immediate withdrawal or reduction with respect to the current rating by Moody's of any Class of Secured Notes issued by the Issuer. Moody's does not express an opinion as to whether the Amended Articles could have non-credit-related effects.

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