Exhibit 99.2

           Moody's Corporation Authorizes Share Repurchase
               Program and Declares Quarterly Dividend


    NEW YORK--(BUSINESS WIRE)--Oct. 26, 2005--Yesterday the Board of
Directors of Moody's Corporation (NYSE: MCO) authorized a new $1
billion share repurchase program. Moody's expects to complete its
current $600 million program shortly and then to commence repurchases
under the new program. Although the new authorization does not have an
expiration date, Moody's anticipates completing the new program during
the first half of 2007. As Moody's announced last quarter, the company
plans to return capital to shareholders by purchasing shares
systematically, as well as continuing to purchase opportunistically
when conditions warrant. As a result, the company's share repurchase
activity may continue to vary from quarter to quarter.
    Since becoming a public company in September 2000 and through
September 30, 2005, Moody's has repurchased 59.8 million shares at a
total cost of $1.4 billion, including 30.5 million shares to offset
shares issued under employee stock plans.
    Moody's Board of Directors also declared a regular quarterly
dividend of 5.5 cents per share of Moody's common stock. The dividend
will be payable December 10, 2005 to shareholders of record at the
close of business on November 20, 2005.
    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, a leading provider of credit risk
processing and credit risk management products for banks and investors
in credit-sensitive assets serving the world's largest financial
institutions. The corporation, which reported revenue of $1.4 billion
in 2004, employs approximately 2,500 people worldwide and maintains
offices in 19 countries. Further information is available at
www.moodys.com.


    CONTACT: Moody's Corporation
             Investor Relations and Corporate Finance:
             Michael Courtian, 212-553-7194
             michael.courtian@moodys.com