Moody's Corporation Announces New Senior Management Appointments

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.