A message from the Chairman and Chief Executive Officer, Moody's Corporation

Moody's formal commitment to philanthropy began with the creation of our foundation in 2001. Since then, we have partnered with a number of organizations to bring about positive change in the communities in which our employees live and work with particular emphasis in New York City, San Francisco, and London. We are careful to choose projects and partners that are aligned with our strategic focus: mathematics, economics, and financial education. Grants from our Credit Markets Research Fund support academic research on capital markets and credit-related topics around the globe, contributing knowledge to the financial community at large. In addition, Moody's employees have donated thousands of volunteer hours to key causes, helping to make a positive difference in their communities. Moody's is proud of the relationships that have helped us forge a distinctive philanthropic footprint in our communities worldwide.