Exhibit 99.2


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

    NEW YORK--(BUSINESS WIRE)--Aug. 1, 2007--On July 30, 2007, the
Board of Directors of Moody's Corporation (NYSE: MCO) authorized a new
$2 billion share repurchase program. Moody's expects to commence
repurchases under the new program immediately following completion of
the existing program. As Moody's has previously announced, 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.

    Moody's Board of Directors also declared a regular quarterly
dividend of 8 cents per share of Moody's common stock. The dividend
will be payable September 10, 2007 to stockholders of record at the
close of business on August 20, 2007.

    Moody's is an essential component of the global capital markets.
It provides credit ratings, research, tools and analysis that help to
protect the integrity of credit. Moody's Corporation (NYSE: MCO) is
the parent company of Moody's Investors Service, which provides credit
ratings and research covering debt instruments and securities; Moody's
KMV, a provider of quantitative credit analysis tools; Moody's
Economy.com, which provides economic research and data services; and
Moody's Wall Street Analytics, a provider of software tools and
analysis for the structured finance industry. The corporation, which
reported revenue of $2.0 billion in 2006, employs approximately 3,600
people worldwide and maintains a presence in 27 countries. Further
information is available at www.moodys.com.


    CONTACT: Moody's Corporation
             Lisa Westlake, 212-553-7179
             Vice President
             Investor Relations
             lisa.westlake@moodys.com