Moody´s Acquires BQuotes, Further Expanding Securities Valuation Services

Moody´s Corporation (NYSE: MCO) today announced that it has
acquired BQuotes, a global provider of price discovery tools and
end-of-day pricing services for a wide range of fixed income
securities. This acquisition enhances Moody´s product offering in the
fixed-income valuations and pricing arena, augmenting the firm´s
efforts to deliver tools that facilitate price transparency in global
fixed income markets, especially for complex structured securities and
derivative instruments. Terms of the transaction will not be
disclosed, and the financial impact to Moody´s is not expected to be
material.

BQuotes´ innovative product line will be integrated into Moody´s
Analytics´ new suite of pricing and valuation products, which include
model-based fair value estimates, evaluated pricing, and observed
pricing.

"There is growing market demand for tools that enable credit
market participants to better value debt securities," said Gus Harris,
Senior Managing Director of Moody´s New Products Group. "BQuotes will
provide both our evaluators and our customers with critical
information on a wide range of fixed income securities, and we believe
this will be an important source of competitive differentiation for
Moody´s."

Ray McDaniel, CEO of Moody´s, commented on the strategic
importance of this acquisition, stating "We believe that this
acquisition significantly enhances our ability to provide greater
transparency to the structured finance market, which is a key
objective for Moody´s. Combined with our other offerings in this area,
Moody´s is responding aggressively to market demand for alternative
independent sources of fixed income valuation."

"We are impressed with the valuation business that Moody´s is
assembling and are excited with Moody´s commitment to support and
enhance BQuotes price discovery, end-of-day pricing and UIN Security
Master database services," said Dr. Yiannis Tsiounis, CEO of BQuotes.
"We look forward to increasing the value proposition for our customers
by combining Moody´s databases and analytic models with BQuotes´
leading technology."

The acquisition of BQuotes extends Moody´s product suite and
positions the company to offer a complete range of fixed income
valuation services. Late last year, Moody´s introduced model-based
valuations for structured securities through Credit Values DCV, a
discounted cashflow valuation service that provides an independent
assessment of the intrinsic value of such securities. The company´s
recent acquisition of Mergent´s corporate and municipal bond pricing
services expanded Moody´s pricing initiative to evaluated pricing,
while BQuotes further broadens Moody´s offering to price discovery
tools and observed pricing services. Visit www.moodys.com/creditvalues
for more information.

About Moody´s Corporation

Moody´s is an essential component of the global capital markets,
providing credit ratings, research, tools and analysis that contribute
to stable, transparent and integrated financial markets. 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 and Moody´s Analytics, encompassing the
growing array of Moody´s non-ratings businesses including 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 for structured finance
analytics. The corporation, which reported revenue of $2.0 billion in
2006, employs approximately 3,400 people worldwide and maintains a
presence in 27 countries. Further information is available at
www.moodys.com.