New York, January 02, 2013 -- Moody's Investors Service has determined that a proposed modification of the time period permitted to satisfy the "Maximum Weighted Average Life Test", as set forth in the Indenture dated as of November 15, 2007 between Callidus Debt Partners CLO Fund VII, Ltd. (the "Issuer"), Callidus Debt Partners CLO Fund VII, Inc. (the "Co-Issuer") and Citibank, N.A. as Trustee (the "Test Modification") will not in and of itself at this time result in the immediate withdrawal or reduction with respect to any current ratings by Moody's of any Class of Rated Notes. Moody's does not express an opinion as to whether the Test Modification could have effects other than with regard to a change in the current ratings that investors may not view as favorable.

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