New York, September 27, 2016 -- Moody's Investors Service has determined that entry by California Street CLO V, Ltd. (f/k/a Symphony CLO V. Ltd.) (the "Issuer") into an amendment (the "Amendment") dated as of September 27, 2016 to the Portfolio Management Agreement (the" Agreement") dated as of December 13, 2007 between Symphony Asset Manager as Portfolio Manager and the Issuer, and performance of the activities contemplated therein, will not in and of themselves and at this time cause the current Moody's ratings of the Rated Notes to be reduced or withdrawn. Moody's does not express an opinion as to whether the Amendment could have non-credit-related effects.

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