Perry Rotella Joins Moody's Corporation as Senior Vice President and Chief Information Officer

Moody's Corporation (NYSE: MCO) announced today that Perry Rotella
has joined the corporation as Senior Vice President and Chief
Information Officer. Mr. Rotella will have overall responsibility for
leading Moody's global information technology strategy and direction.

Previously, Mr. Rotella spent seven years at American
International Group (AIG), where he held a number of senior technology
positions, including CIO for AIG's Domestic Brokerage group and AIG's
Global Chief Technology Officer. Prior to AIG, he spent 15 years with
American Management Systems (AMS), a technology consulting firm, where
he held a variety of positions including Chief Technology Officer for
AMS's Insurance Technology Group.

"Perry's deep expertise and experience driving technology-based
innovation within global financial services organizations will be
particularly valuable to us as we continue to leverage advanced
technologies to support business growth and new sources of revenue,"
said Raymond W. McDaniel, Jr., Chairman and Chief Executive Officer of
Moody's Corporation.

Mr. Rotella graduated from the University of Pennsylvania with a
Bachelor of Arts degree in mathematics and economics.

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.