Moody's Corporation Announces New Senior Management Appointments

January 22, 2007

NEW YORK--(BUSINESS WIRE)--

Moody's Corporation (NYSE:MCO) today announced that Jennifer Elliott has been named Group Managing Director for Moody's Investors Service Asia, succeeding Thomas Keller who has been appointed Group Managing Director, Global Project Finance and Structured Finance Business Development. Andrew Kriegler, formerly Moody's Managing Director and Country Manager for Canada, succeeds Ms. Elliott as Chief Human Resources Officer for the Corporation. Donald Carter has been named Managing Director and has been appointed Country Manager for Canada.

In her new role, Ms. Elliott is responsible for Moody's Investors Service's operations in the Asia Pacific region, including its structured finance business in Asia and Japan (excluding derivatives) and providing regional oversight and coordination of Moody's company ratings and research businesses. Ms. Elliott also will lead the firm's business development and geographic expansion initiatives in the region.

Mr. Keller will head the Moody's Investors Service Global Project Finance Group with responsibility for ratings of all project and dedicated infrastructure financings around the world. He will also assume responsibility for the Global Structured Finance Business Development Group.

Mr. Kriegler will be responsible for the global Human Resources activities of Moody's Corporation, including recruiting, employee relations, compensation and benefits, training, organizational development and HR information systems.

Mr. Carter will oversee Moody's Investors Service's Canadian operations with responsibility for directing and coordinating the company's ratings and research businesses in the country.

"As Moody's business continues to expand rapidly across markets and geographic regions, it is essential for us to leverage and grow the talent and experience of our senior managers," said Raymond W. McDaniel, Jr., Chairman and Chief Executive Officer of Moody's Corporation. "I am confident that these appointments will provide us with the global perspective, expertise and depth of experience to continue driving business growth and providing the highest quality products and services."

Ms. Elliott joined the Moody's Investors Service Sydney office in 1993 as an analyst in the Structured Finance Group. In 1996, she transferred to Moody's London office, where she was a Vice President - Senior Credit Officer. She became head of Moody's Australia in 1999 and was named Vice President and Chief Human Resources Officer for Moody's Corporation in February 2005. Prior to joining Moody's, Ms. Elliott worked as a banking and finance lawyer in Sydney. She received her BA from the University of Sydney and has an MA in Southeast Asian Business Studies from the School of Oriental and African Studies, London University.

Mr. Keller joined Moody's Investors Service in 1992 and has held positions in Leveraged Finance and Investment Grade Corporate Finance. He relocated to Japan in 1997 where he was Representative Director of Moody's Japan. In 2001, he was named Group Managing Director for Japan and Asia Pacific, with overall responsibility for the ratings and research business in Japan and Asia. He received a BBA in Finance from the University of Rhode Island and holds an MBA from the Hagan School of Business at Iona College.

Mr. Kriegler joined Moody's Investors Service in September 2000 as Country Manager for Canada. Prior to joining Moody's, Mr. Kriegler held investment banking positions with BMO Nesbitt Burns and CIBC World Markets and was a treasury executive at Canada Trust. He received a BSc in Computer Science and Economics from Trinity College in the University of Toronto and holds an MBA from the Richard Ivey School of Business at the University of Western Ontario. Mr. Kriegler is a member of the Auditing and Assurance Standards Oversight Council, an independent body established to exercise public interest oversight with regard to Canadian standard setting in these areas.

Mr. Carter joined Moody's Investors Service in 2001 as a Vice President - Senior Analyst in the Telecom/Media sector. He was promoted to Senior Credit Officer in 2003 and Senior Vice President in 2005. Prior to Moody's, Mr. Carter held senior positions in Canada at Bank of America, Bank of Montreal and Citibank. Mr. Carter has an MBA from University of Michigan and an undergraduate degree in accounting from Concordia University in Montreal, and he is a CFA charterholder.

About Moody's Corporation

Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, a leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets, Moody's KMV, a leading provider of credit risk processing and credit risk management products for banks and investors in credit-sensitive assets serving the world's largest financial institutions, and Moody's Economy.com, a provider of economic research and data services. The corporation, which reported revenue of $1.7 billion in 2005, employs approximately 3,000 people worldwide and maintains offices in 22 countries. Further information is available at www.moodys.com.

Source: Moody's Corporation