Moody?s Investors Service Names Michel Madelain As COO

Moody´s Investors Service, the credit rating agency unit of Moody´s

Corporation (NYSE: MCO), announced today the appointment of Michel

Madelain as Chief Operating Officer with overall responsibility for

managing the day-to-day operations of the ratings business.
Michel Madelain (52), who currently serves as Executive Vice President

in charge of the Global Fundamental Ratings business, will continue to

be based in London, reflecting the increasingly global nature of Moody´s

business.
Brian Clarkson (52), who most recently served as President and COO of

Moody´s Investors Service, has announced that he will retire after

nearly two decades of service. Mr. Clarkson will remain at Moody´s

until the end of July to ensure a smooth transition.
"Michel has served the company in a variety of

key roles in both the U.S. and Europe over the years, and he brings to

his new post a deep insight into both the U.S. and global capital

markets," said Raymond W. McDaniel Jr.

Chairman and Chief Executive Officer, Moody´s

Corporation. "His expertise and leadership

will help us build on the positive changes we´ve

been making as we continue working to address challenges in the global

credit markets."
"I also appreciate the many contributions

that Brian has made during his long career at Moody´s

but understand his desire to retire from the company at this time and

wish him well in the years ahead," Mr.

McDaniel continued.
Mr. Madelain said, "Moody´s has undertaken a

number of significant initiatives over the past year to enhance the

quality of our analysis and further improve the usefulness of our credit

ratings to investors. I am eager to work closely with Ray and the rest

of the leadership team to expand on those efforts, while also helping

the company navigate the difficult market conditions in which Moody´s is

operating."
"It has been a privilege for me to spend the

past two decades working with the exceptional people of Moody´s, and I

am proud of the great strides the company has made during that time," said Mr. Clarkson. "I feel the time is right

for new leadership to drive forward the changes we´ve

been making in recent months, and I am confident that Moody´s and its

people will continue to build on their strong leadership position."
Mr. Madelain most recently served as Executive Vice President of

Fundamental Ratings at Moody´s Investors

Service, with responsibility for all global company and government

ratings, including corporate finance, financial institutions, public

finance and infrastructure finance. Previously, he was Senior Managing

Director with responsibility for global banking. Prior to this position

Mr. Madelain managed Moody´s corporate ratings in Europe, Middle East

and Africa and held several Managing Director positions in the U.S. and

the U.K. Prior to joining Moody´s in 1994, Mr. Madelain was a Partner in

Ernst & Young´s Auditing Practice.
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 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 $2.3 billion in 2007, employs

approximately 3,500 people worldwide and maintains a presence in 29

countries. Further information is available at www.moodys.com.