Kroll Bond Rating Agency Assigns BBB- Rating to Medley Capital Corporation

Kroll Bond Rating Agency (KBRA) has assigned an issuer and senior unsecured debt rating of BBB- with a stable outlook to Medley Capital Corporation (NYSE: MCC) (“Medley Capital” or “the Company”), a Business Development Company (BDC) headquartered in New York, NY. Medley Capital Corporation is a publicly registered and traded BDC that commenced operations in January 2011.

The assigned BBB- rating of Medley Capital Corporation reflects the company’s significant position in senior secured assets, well diversified portfolio, low exposure to equity investments, excellent asset quality performance to date, strong interest coverage, and diversified funding profile. These strengths are counterbalanced by MCC’s relatively short track record as a new BDC and its comparatively high leverage metrics.

The ratings were assigned using KBRA’s Finance Company Rating Methodology, published April 1, 2013.

The rating report will follow.

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

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