February 12, 2013
Moody's Corporation Increases Share Repurchase Authorization by $1 Billion
NEW YORK--(BUSINESS WIRE)--
On February 12, 2013, the Board of Directors of Moody's Corporation
(NYSE: MCO) authorized a new $1 billion share repurchase program.
Moody's expects to commence repurchases under the new program following
completion of the existing program, which had $677 million of share
repurchase authority remaining as of December 31, 2012.
The company plans to repurchase shares systematically and
opportunistically subject to available cash, market conditions and other
ongoing capital allocation decisions. As a result, the company's share
repurchase activity may vary from quarter to quarter.
ABOUT MOODY'S CORPORATION
Moody's is an essential component of the
global capital markets, providing credit ratings, research, tools and
analysis that contribute to transparent and integrated financial
markets. Moody's Corporation (NYSE: MCO) is the parent company of
Moody's Investors Service, which provides credit ratings and research
covering debt instruments and securities, and Moody's Analytics, which
offers leading-edge software, advisory services and research for credit
and economic analysis and financial risk management. The Corporation,
which reported revenue of $2.7 billion in 2012, employs approximately
6,800 people worldwide and maintains a presence in 28 countries. Further
information is available at www.moodys.com.
Global Head of Investor Relations
Source: Moody's Corporation
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