Moody's Corporation Declares Quarterly Dividend

The Board of Directors of Moody's Corporation (NYSE: MCO) today
declared a regular quarterly dividend of 7 cents per share of Moody's
common stock. The dividend will be payable December 10, 2006 to
shareholders of record at the close of business on November 20, 2006.

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 2,900 people worldwide and
maintains offices in 22 countries. Further information is available at
www.moodys.com.