Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services and outsourced research and analytical services to institutional customers. The Company has two segments: MIS and MA. The MIS segment consists of all credit rating activity. All of Moody’s other non-rating commercial activities are included within the MA segment. MIS publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets worldwide including corporate and governmental obligations, structured finance securities and commercial paper programs. The MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in global financial markets.

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