New York, December 19, 2022 -- Moody's Investors Service ("Moody's") has assigned

provisional ratings to two classes of notes to be issued by KKR CLO 43 Ltd. (the
"Issuer" or "KKR CLO 43").

Moody's rating action is as follows:

U.S.$213,000,000 Class A-1 Senior Secured Floating Rate Notes due 2034, Assigned
(P)Aaa (sf)

U.S.$3,000,000 Class A-2 Senior Secured Fixed Rate Notes due 2034, Assigned (P)Aaa
(sf)

The notes listed above are referred to herein, collectively, as the "Rated Notes."

RATINGS RATIONALE

The rationale for the ratings is based on our methodology and considers all
relevant risks, particularly those associated with the CLO's portfolio and
structure.

KKR CLO 43 is a managed cash flow CLO. The issued notes will be collateralized
primarily by broadly syndicated senior secured corporate loans. At least 92.5% of
the portfolio must consist of senior secured loans, cash, and eligible investments,
and up to 7.5% of the portfolio may consist of second lien loans, unsecured loans
and permitted non-loan assets. We expect the portfolio to be approximately 90%
ramped as of the closing date.

KKR Financial Advisors II, LLC (the "Manager") will direct the selection,
acquisition and disposition of the assets on behalf of the Issuer and may engage in
trading activity, including discretionary trading, during the transaction's three
year reinvestment period. Thereafter, subject to certain restrictions, the Manager
may reinvest unscheduled principal payments and proceeds from sales of credit risk
assets.

In addition to the Rated Notes, the Issuer will issue five other classes of secured
notes and one class of subordinated notes.

The transaction incorporates interest and par coverage tests which, if triggered,
divert interest and principal proceeds to pay down the notes in order of seniority.