Moody's Completes $300 Million Private Placement of Senior Unsecured Notes

Moody's Corporation (NYSE:MCO) today filed a Form 8-K with the
Securities and Exchange Commission indicating that the company has
completed a private placement of $300 million aggregate principal
amount of its 6.06% Series 2007-1 Senior Unsecured Notes due 2017.

The company now has a total of $1.2 billion of debt outstanding
and an additional borrowing capacity of $100 million under its credit
facilities. The issuance of the Series 2007-1 Notes reduced the
borrowing capacity under the $500 million interim credit facility
entered into on August 8, 2007 to $200 million.

The funds will be used primarily to refinance a portion of the
bank debt incurred for general corporate purposes, including financing
of the company's continuing share repurchase program. As announced
previously, Moody's plans to return capital to shareholders by
purchasing shares systematically as well as opportunistically when
conditions are favorable.

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 $2.0 billion in 2006, employs approximately 3,600
people worldwide and maintains a presence in 27 countries. Further
information is available at www.moodys.com.