New York, January 10, 2014 -- 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 January 8, 2014 (the "Fifth Amendment") to the existing amended and restated Loan Servicing Agreement (the "Agreement"), dated as of March 27, 2012 and evidencing a revolving credit facility (the "Rated Facility") by and among the Borrower, Prospect Capital Corporation, as Servicer, Key Equipment Finance Inc. and The Royal Bank of Canada as Co-Syndication Agents and Required Lenders, 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 its 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 Fifth Amendment could have non-credit-related effects.

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