Article: Moody's Corporation to Acquire KMV.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 11, 2002

Moody's Corporation (NYSE: MCO)--

Acquisition of Pioneer in Quantitative Credit Tools Affords Substantial Growth Opportunities for Moody's; Vastly Extends KMV's Business Expansion

Acquisition Complements Moody's Core Credit Ratings Business

Moody's Corporation (NYSE: MCO) today announced that it has reached a definitive agreement to acquire KMV, the leader in market-based, quantitative credit risk management tools, in an all cash transaction for $210 million. Moody's expects the transaction to close by the early part of the second quarter of 2002 and initially to be ...

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