New York, July 27, 2016 -- Moody's Investors Service has determined that entry by Emerson Place CLO, Ltd. (the "Issuer") into an amendment to the collateral management agreement between the Issuer and NewStar Capital LLC (formerly known as Feingold O'Keeffe Capital L.L.C., "NewStar") dated as of July 28, 2016 (the "Amendment") will not in and of itself and at this time cause the current Moody's ratings of the Rated Notes to be reduced or withdrawn. Moody's opinion does not address whether the Amendment could have non-credit effects.
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