Moody's is an essential component of the global capital markets. It provides credit ratings, research, tools and analysis that help to 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 provider of quantitative credit analysis tools; Moody's Economy.com, which provides economic research and data services, and Moody's Wall Street Analytics, a provider of software tools and analysis for the structured finance industry. The corporation, which reported revenue of $2.25 billion in 2007, employs approximately 3,400 people worldwide and maintains a presence in 27countries.

Clients include investors, depositors, creditors, investment banks, commercial banks, other financial intermediaries, and a wide range of corporate and governmental issuers of securities.

Moody's default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
In recent years, Moody's has moved significantly beyond its traditional bond rating activities, assigning ratings to issuers of securities, insurance company obligations, bank loans, bank deposits and other bank debt, managed funds and derivatives. The firm also has expanded into developing markets through joint ventures and affiliations with local rating agencies.

In addition to its ratings services, Moody's publishes investor-oriented credit research, including in-depth research on major debt issuers, industry studies, special comments and credit opinion handbooks. While research, analysis and data are delivered through a number of channels, most of Moody's clients use the firm's web site for access to such services in a real-time environment.

Detailed descriptions of both the rated issue and issuer, along with a summary of the rationale for the assignment of the specific rating, also appear in various Moody's credit research products. Product selection includes insurance, utilities, speculative-grade instruments, structured finance, public finance, bank, finance, real estate and global credit research.