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Moody's Corporation

Andrew Huddart Named President, Moody's KMV

New York (ots/PRNewswire)

Moody's Corporation announced today
that effective immediately Andrew Huddart will assume the position of
President, Moody's KMV, the leading provider of market-based
quantitative credit risk analytics for banks, institutional
investors, and corporations.
Mr. Huddart was named Chief Operating Officer of Moody's KMV in
July 2004. Before joining Moody's in May 2004, he was Chief Executive
Officer of mPower, a San Francisco-based investment advisory firm.
Mr. Huddart was with Barra Inc., a provider of institutional risk
analytics, from 1997 - 2001. At Barra, he served as President of
Investment Data Products, Chief Operating Officer, and President of
Barra International. Prior to that, Mr. Huddart held various senior
management positions with Reuters both in Europe and the U.S.
"In his role as COO of Moody's KMV, Andrew designed an important
organizational restructuring which will help the firm achieve solid
growth in 2005," said Raymond W. McDaniel, President of Moody's
Corporation. "Andrew brings to this new position a wealth of
expertise in managing risk analytics and real-time information
businesses from his time at Reuters and Barra."
Mr. Huddart succeeds Douglas M. Woodham, who has been President of
Moody's KMV since January 2003. Previously, Mr. Woodham was head of
Moody's Corporate Development and Technology. He will remain with the
firm through the end of February 2005 to assure a smooth transition.
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, and Moody's KMV, the leading provider of
market-based quantitative services for banks and investors in
credit-sensitive assets serving the world's largest financial
institutions. The corporation, which reported revenue of US$1.2
billion in 2003, employs approximately 2,300 people worldwide and
maintains offices in 18 countries. Further information is available
at http://www.moodys.com.
Web site: http://www.moodys.com

Contact:

Frances G. Laserson, Vice President, Corporate Communications of
Moody's Corporation, +1-212-553-7758, fran.laserson@moodys.com

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