Moody's

Moodys Corporation (Moodys) is a provider of credit ratings, research and analysis covering fixed income securities, other debt instruments and the entities that issue such instruments in the global capital markets, and credit training services, and quantitative credit risk assessment products and services and credit processing software for banks, corporations and investors in credit-sensitive assets. During the year ended December 31, 2007, Moody operated in two segments: Moodys Investors Service (MIS) and Moodys Moodys KMV (MKMV). Beginning in January 2008, Moodys segments were changed to reflect the business reorganization announced in August 2007. As a result of the reorganization, the rating agency remains in the Moodys Investors Service operating company. All of Moodys other commercial activities, including MKMV and sales of MIS research, are combined under an operating company known as Moodys Analytics. In October 2008, Moodys acquired Fermat International.