DATABASE
Moody's Global Credit Research
sample Analysis
sample Banking System Outlook
sample Rating Action
sample Summary Opinion

DATA PROVIDER
Moody's Investors Service
www.moodys.com

FREQUENCY OF UPDATE
Daily

DESCRIPTION
Moody�s Corporation (NYSE:MCO) comprises two subsidiaries: Moody�s Investors Service and Moody�s KMV. Moody�s maintains offices in most of the world's major financial centers and employs more than 1,800 people worldwide, including more than 1,000 analysts. The firm also has expanded into developing markets through joint ventures or affiliation agreements with local rating agencies.

Moody�s KMV, a subsidiary of Moody�s Corporation, is the leading provider of market-based quantitative credit assessment services for banks and investors in credit-sensitive assets, and serves more than 1,500 clients operating in 60 countries, including most of the world's 100 largest financial institutions. Other services include credit training and software products to assist financial institutions in commercial lending activities. Moody�s Investors Service, a leading global credit rating, research and risk analysis firm, publishes market-leading credit opinions, deal research and commentary that reach more than 3,000 institutions and 20,000 subscribers around the globe. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.

Ratings and analysis by Moody�s Investors Service track more than $30 trillion of debt issued in domestic and international markets covering approximately:

• 136,000 corporate, government, and structured finance securities
• 67,000 public finance obligations
• 6,000 corporate and financial institution relationships
• 100 sovereign nations

In terms of issuers tracked, Moody�s rates 85% of the companies and 90% of the market capital in the S&P 500:

• 5,000 corporate issuers
• 1,000 banks
• 500 insurance companies
• 3,500 structured transactions
• 16,000 public finance issuers: state, local government, healthcare, higher education, housing, airports, etc.

In addition to its ratings services, Moody�s publishes investor-oriented credit research, including in-depth research on major debt issuers, industry studies, special comments and credit opinion handbooks.

Moody�s Global Credit Research reports are available through Alacra on a real-time basis. Comprehensive coverage of research is published from January 1997 onward, and partial coverage before that.

Functionality Overview
Rating Definitions
Moody's Rating Approach
View Alacra Credit Research Matrix on the Web or in MS Excel