Moody's to Acquire Financial Projections' Credit Training Business

Moody’s Analytics, a division of Moody’s Corporation (NYSE: MCO), today announced that it has acquired Financial Projections Limited, a UK-based provider of credit training services. Terms of the transaction are not being disclosed. Financial Projections is a leading provider of in-house credit training services, with long-standing relationships among European banks and a strong reputation within the industry. Financial Projections will operate as a part of Moody's Credit Training Services, which provides extensive credit training and continuing education services comprising seminars (both in-house and open enrollment), e-learning and workbooks to customers worldwide. "In the wake of recent developments in the credit markets, our customers are seeking to enhance their credit skills and processes. As a result, there is strong demand for Moody’s credit training capabilities, and Financial Projections enables us to further expand our product offering and customer coverage," said Dan Russell, Executive Director and head of the credit training practice within Moody’s Analytics. Clive Humphrey of Financial Projections added, "We believe that Moody's is a great fit for Financial Projections, not only because of its focus on fundamental credit analysis, but also because Financial Projections will be able to offer a wider range of services to our customers on a global basis." About Moody’s Corporation Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that help protect the integrity of credit. 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; Moody's KMV, a supplier of quantitative credit analysis tools; Moody's Economy.com, which produces economic research and data services; and Moody's Wall Street Analytics, a maker of analytical software for the structured finance markets. The corporation, which reported revenue of $2.0 billion in 2006, employs approximately 3,600 people worldwide and maintains a presence in 27 countries. Further information is available at www.moodys.com.