Moody's Corporate Overview and Financial Outlook
Disclaimer
Certain statements contained in this presentation are forward-looking statements and are based on future expectations, plans and
prospects for Moody's business and operations that involve a number of risks and uncertainties. Moody's outlook for 2010 and other
forward-looking statements are made as of February 3, 2011, and the Company disclaims any duty to supplement, update or revise such
statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise. In connection
with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying certain factors that
could cause actual results to differ, perhaps materially, from those indicated by these forward-looking statements. Those factors include,
but are not limited to, the current world-wide credit market disruptions and economic slowdown, which is affecting and could continue to
affect the volume of debt securities issued in domestic and/or global capital markets; other matters that could affect the volume of debt
securities issued, including credit quality concerns, changes in interest rates and other volatility in the financial markets; the uncertain
effectiveness and possible collateral consequences of U.S. and foreign government initiatives to respond to the economic slowdown;
possible loss of market share through competition; introduction of competing products or technologies by other companies; pricing
pressures from competitors and/or customers; the potential emergence of government-sponsored credit rating agencies; both proposed
and recently adopted U.S., foreign, state and local legislation and regulations, including the Dodd-Frank Wall Street Reform and
Consumer Protection Act; regulations relating to the oversight of credit rating agencies; provisions in the Dodd-Frank Act modifying
pleading and liability standards applicable to credit rating agencies in a manner adverse to rating agencies; possible judicial decisions in
various jurisdictions regarding the status of and potential liabilities of credit rating agencies; the possible loss of key employees; the
outcome of any review by controlling tax authorities of the Company's global tax planning initiatives; the outcome of those legacy tax and
legal contingencies that relate to the Company, its predecessors and their affiliated companies for which Moody's has assumed portions of
the financial responsibility; the outcome of other legal actions to which the Company, from time to time, may be named as a party; the
ability of the Company to successfully integrate acquired businesses; a decline in the demand from financial institutions for credit risk
management tools; and other risk factors as discussed in the Company's annual report on Form 10-K for the year ended December 31,
2010, quarterly reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010 and September 30, 2010, and in other filings
Imade by the Company from time to time with the Securities and Exchange Commission. This presentation includes certain non-GAAP
financial measures as defined under SEC rules. As required by SEC rules, at the end of this slide presentation we have provided a
reconciliation of those measures to the most directly comparable GAAP measures. A copy of this presentation, including the relevant
reconciliation slides, is available on Moody's investor relations website http://ir.moodys.com.
MOODY'S
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