EXHIBIT 21
SUBSIDIARIES OF MOODY’S CORPORATION
The following is a list of active, majority-owned subsidiaries of Moody’s Corporation as of December 31, 2018.
U.S. Entities
| Bureau van Dijk Electronic Publishing Inc. | New York | |
| DVBS, Inc. | Delaware | |
| GGYAXIS, Inc. | Delaware | |
| Lewtan Technologies, Inc. | Massachusetts | |
| MIS Asset Holdings, Inc. | Delaware | |
| MIS Quality Management Corp. | Delaware | |
| Moody’s Advisors Inc. | Delaware | |
| Moody’s Analytics, Inc. | Delaware | |
| Moody’s Analytics Knowledge Services (US) Inc. | Delaware | |
| Moody’s Analytics Knowledge Services Analysis (US) Inc. | Delaware | |
| Moody’s Analytics Knowledge Services Solutions (US) Inc. | Delaware | |
| Moody’s Analytics Solutions, LLC | Delaware | |
| Moody’s Assurance Company, Inc. | New York | |
| Moody’s Assureco, Inc. | Delaware | |
| Moody’s Capital Markets Research, Inc. | Delaware | |
| Moody’s Group Holdings, Inc. | Delaware | |
| Moody’s Holdings LLC | Delaware | |
| Moody’s International LLC | Delaware | |
| Moody’s Investors Service, Inc. | Delaware | |
| Moody’s Overseas Holdings, Inc. | Delaware | |
| Moody’s Risk Assessments Holdings LLC | Delaware | |
| Moody’s Risk Assessments, Inc. | Delaware | |
| Moody’s Shared Services, Inc. | Delaware | |
| Omega Performance Corporation | California | |
| Reis, Inc. | Maryland | |
| Reis Services, LLC | Maryland | |
| The Moody’s Foundation | New York | |
| Wellsford Capital | Maryland |
Non-U.S. Entities
| Administracion de Calificadoras, S.A. de C.V. | Mexico | |
| Bureau van Dijk Editions Electroniques S.A. | Switzerland | |
| Bureau van Dijk Editions Electroniques S.A. | Belgium | |
| Bureau van Dijk Editions Electroniques S.A.S. | France | |
| Bureau van Dijk Edizioni Elettroniche S.p.a | Italy | |
| Bureau van Dijk Electronic Publishing AB | Sweden | |
| Bureau van Dijk Electronic Publishing ApS | Denmark | |
| Bureau van Dijk Electronic Publishing B.V. | Netherlands | |
| Bureau van Dijk Electronic Publishing Beijing Co., Ltd. | China | |
| Bureau van Dijk Electronic Publishing GmbH | Germany | |
| Bureau van Dijk Electronic Publishing GmbH | Austria | |
| Bureau van Dijk Electronic Publishing Hong Kong Limited | Hong Kong | |
| Bureau van Dijk Electronic Publishing K.K. | Japan | |
| Bureau van Dijk Electronic Publishing LLC | Korea | |
| Bureau van Dijk Electronic Publishing Ltd. | UK | |
| Bureau van Dijk Electronic Publishing Pte. Ltd. | Singapore |
| 140 | MOODY’S 2018 10-K |
| Bureau van Dijk Electronic Publishing Pty. Ltd. | Australia | |
| Bureau van Dijk Electronic Publishing S.A. de C.V. | Mexico | |
| Bureau van Dijk Electronic Publishing Unipessoal Lda. | Portugal | |
| Bureau van Dijk Electroniq Publishing S.A. (Pty) Ltd | South Africa | |
| Bureau van Dijk EP DMCC | UAE | |
| Bureau van Dijk Publicaçao Eletronica Ltda. | Brazil | |
| Bureau van Dijk Publicaciones Electronicas S.A. | Spain | |
| Equilibrium (Chile) Holding SpA | Chile | |
| Equilibrium Calificadora de Riesgo S.A. | Panama | |
| Equilibrium Clasificadora de Riesgo S.A. | Peru | |
| Fermat International SA | Belgium | |
| Gilliland Gold Young Consulting Inc. | Canada | |
| ICRA Lanka Limited | Sri Lanka | |
| ICRA Limited | India | |
| ICRA Management Consulting Services Limited | India | |
| ICRA Nepal Limited | Nepal | |
| ICRA Online Limited | India | |
| KIS Pricing, Inc. | Korea | |
| Korea Investors Service, Inc. | Korea | |
| MA Knowledge Services Research (India) Private Limited | India | |
| MA KS Solutions (India) Private Limited | India | |
| Midroog Ltd. | Israel | |
| MIS Support Center Private Limited | India | |
| MIS Support Services CR Sociedad de Responsabilidad Ltda. | Costa Rica | |
| Moody’s (China) Limited | China | |
| Moody’s (Japan) K.K. | Japan | |
| Moody’s (UK) Limited | UK | |
| Moody’s America Latina Ltda. | Brazil | |
| Moody’s Analytics (DIFC) Limited | UAE | |
| Moody’s Analytics (India) Private Limited | India | |
| Moody’s Analytics (Malaysia) Sdn.Bhd. | Malaysia | |
| Moody’s Analytics (Thailand), Co. Ltd. | Thailand | |
| Moody’s Analytics Australia Pty. Ltd. | Australia | |
| Moody’s Analytics Canada Inc. | Canada | |
| Moody’s Analytics Consulting Services (Beijing) Co., Ltd. (f/k/a Copal Business Consulting (Beijing) Co., Limited) | China | |
| Moody’s Analytics Czech Republic s.r.o. | Czech Republic | |
| Moody’s Analytics Deutschland GmbH | Germany | |
| Moody’s Analytics do Brazil Solucoes para Gerenciamento de Risco de Credito Ltda | Brazil | |
| Moody’s Analytics Global Education (Canada), Inc. | Canada | |
| Moody’s Analytics Holdings (UK) Limited | UK | |
| Moody’s Analytics Hong Kong Ltd. | Hong Kong | |
| Moody’s Analytics International Licensing Gmbh | Switzerland | |
| Moody’s Analytics Ireland Ltd. | Ireland | |
| Moody’s Analytics Japan K.K. | Japan | |
| Moody’s Analytics Knowledge Services (BVI) Limited | British Virgin Islands | |
| Moody’s Analytics Knowledge Services (Hong Kong) Limited | Hong Kong | |
| Moody’s Analytics Knowledge Services (India) Private Ltd. | India | |
| Moody’s Analytics Knowledge Services (Jersey) Limited | Jersey | |
| Moody’s Analytics Knowledge Services (Mauritius) Limited | Mauritius | |
| Moody’s Analytics Knowledge Services (Singapore) Pte. Ltd. | Singapore | |
| Moody’s Analytics Knowledge Services (UK) Limited | UK | |
| Moody’s Analytics Knowledge Services Costa Rica S.A. | Costa Rica | |
| Moody’s Analytics Knowledge Services Holdings (Mauritius) Limited | Mauritius | |
| Moody’s Analytics Knowledge Services Lanka (Private) Limited | Sri Lanka |
| MOODY’S 2018 10-K | 141 |
| Moody’s Analytics Knowledge Services Research (Mauritius) Limited | Mauritius | |
| Moody’s Analytics Korea Co., Ltd | Korea | |
| Moody’s Analytics SAS | France | |
| Moody’s Analytics Singapore Pte Ltd. | Singapore | |
| Moody’s Analytics Technical Services (Hong Kong) Ltd. | Hong Kong | |
| Moody’s Analytics Technical Services (UK) Limited | UK | |
| Moody’s Analytics UK Limited | UK | |
| Moody’s Asia Pacific Group (Singapore) Pte. Ltd. | Singapore | |
| Moody’s Asia Pacific Ltd. | Hong Kong | |
| Moody’s Canada Inc. | Canada | |
| Moody’s Canada LP | Canada | |
| Moody’s China (B.V.I.) Limited | British Virgin Islands | |
| Moody’s Company Holdings (BVI) I Limited | British Virgin Islands | |
| Moody’s Company Hong Kong Ltd. | Hong Kong | |
| Moody’s Credit Ratings (China) Limited | China | |
| Moody’s de Mexico, S.A. de C.V., I.C.V | Mexico | |
| Moody’s Deutschland GmbH | Germany | |
| Moody’s Eastern Europe LLC | Russia | |
| Moody’s EMEA Financing (Cyprus) Ltd | Cyprus | |
| Moody’s EMEA Holdings Limited | UK | |
| Moody’s Equilibrium I (BVI) Holding Corporation | British Virgin Islands | |
| Moody’s Equilibrium II (BVI) Holding Corporation | British Virgin Islands | |
| Moody’s Finance (BVI) Limited | British Virgin Islands | |
| Moody’s Financing (BVI) Limited | British Virgin Islands | |
| Moody’s Financing (Cyprus) Limited | Cyprus | |
| Moody’s France SAS | France | |
| Moody’s Group (BVI) Limited | British Virgin Islands | |
| Moody’s Group (Holdings) Unlimited | UK | |
| Moody’s Group Australia Pty Ltd. | Australia | |
| Moody’s Group Cyprus Ltd. | Cyprus | |
| Moody’s Group Deutschland GmbH | Germany | |
| Moody’s Group Finance Limited | UK | |
| Moody’s Group France SAS | France | |
| Moody’s Group Holdings (BVI) Limited | British Virgin Islands | |
| Moody’s Group Japan G.K. | Japan | |
| Moody’s Group NL B.V. | Netherlands | |
| Moody’s Group UK Ltd. | UK | |
| Moody’s Holdings (B.V.I.) Limited | British Virgin Islands | |
| Moody’s Holdings Ltd. | UK | |
| Moody’s Holdings NL B.V. | Netherlands | |
| Moody’s Indonesia (B.V.I) Limited | British Virgin Islands | |
| Moody’s Information Consulting (Shenzhen) Co. Ltd. | China | |
| Moody’s International (UK) Limited | UK | |
| Moody’s International Holdings (Cyprus) Limited | Cyprus | |
| Moody’s International Holdings (UK) Limited | UK | |
| Moody’s Investment Company India Private Limited | India | |
| Moody’s Investors Service (Beijing), Ltd. | China | |
| Moody’s Investors Service (BVI) Limited | British Virgin Islands | |
| Moody’s Investors Service (Korea) Inc. | Korea | |
| Moody’s Investors Service (Nordics) AB | Sweden | |
| Moody’s Investors Service Cyprus Ltd. | Cyprus | |
| Moody’s Investors Service EMEA Limited | UK | |
| Moody’s Investors Service Espana SA | Spain | |
| Moody’s Investors Service Hong Kong Ltd. | Hong Kong | |
| Moody’s Investors Service India Private Limited | India | |
| Moody’s Investors Service Limited | UK |
| 142 | MOODY’S 2018 10-K |
| Moody’s Investors Service Middle East Limited | UAE | |
| Moody’s Investors Service Pty Limited | Australia | |
| Moody’s Investors Service Singapore Pte. Ltd. | Singapore | |
| Moody’s Investors Service South Africa (Pty) Limited | South Africa | |
| Moody’s Israel Holdings Inc. | British Virgin Islands | |
| Moody’s Italia S.r.l. | Italy | |
| Moody’s Latin America Agente de Calificacion de Riesgo S.A. | Argentina | |
| Moody’s Latin America Holding Corp. | British Virgin Islands | |
| Moody’s Lithuania, UAB | Lithuania | |
| Moody’s Mauritius Holdings Ltd. | Mauritius | |
| Moody’s Risk Assessments Limited | UK | |
| Moody’s SF Japan K.K. | Japan | |
| Moody’s Shared Services India Private Ltd | India | |
| Moody’s Shared Services UK Limited | UK | |
| Moody’s Singapore Pte. Ltd. | Singapore | |
| Moody’s South Africa (B.V.I.) Ltd. | British Virgin Islands | |
| Omega Performance Corp./S.C.C. Á Rendement Omega | Canada | |
| Omega Performance Corporation Pty. Limited | Australia | |
| Omega Performance NZ Limited | New Zealand | |
| Omega Performance Pte. Ltd. | Singapore | |
| Pragati Development Consulting Services Ltd | India | |
| PT ICRA Indonesia | Indonesia | |
| Yellow Maple Holding B.V. | Netherlands | |
| Yellow Maple I B.V. | Netherlands | |
| Yellow Maple II B.V. | Netherlands | |
| Yellow Maple Syrup I B.V. | Netherlands | |
| Yellow Maple Syrup II B.V. | Netherlands | |
| Zephus Ltd. | UK |
| MOODY’S 2018 10-K | 143 |