Moody's: Prospect Capital unchanged

Moody's Investors Service said it reviewed the June and July agreements between Prospect Capital Funding LLC, Prospect Capital Corp., Cooperatieve Centrale Raiffeisen-Boerenleenbank BA, Rabobank Nederland, New York Branch and Bank of Montreal.

The agency said it concluded that the proposal to increase the rated facility from $325 million to $375 million does not result in a downgrade or withdrawal of the current rating to the facility.

Moreover, the rating on the increased portion of the facility is A2, which is at least equal to the required facility rating under the transaction documents, Moody's said.

The agency said it will continue to monitor the agreements.

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