Moody's

Sardine is a financial technology company that specializes in providing a risk and fraud infrastructure tailored for the online economy. It has developed a device intelligence platform that leverages artificial intelligence and advanced risk engine software. This platform enhances fraud detection while minimizing sign-up friction by analyzing multiple real-time data points, including device information, browser details, and behavioral biometrics. By integrating this technology, Sardine enables businesses to establish a robust risk and fraud management framework, ultimately reducing costs within the fintech ecosystem.

Cape Analytics, LLC is a technology company that specializes in artificial intelligence-based geospatial imagery data solutions for the insurance and reinsurance sectors. Founded in 2014 and headquartered in Mountain View, California, the company provides a cloud-based property intelligence platform that utilizes deep learning and computer vision to deliver instant property insights. This platform allows insurers and other stakeholders to access detailed property attributes during the underwriting process, achieving a level of accuracy that typically necessitated an on-site inspection, while also ensuring rapid data availability across the United States. By streamlining the evaluation of properties, Cape Analytics enhances the underwriting process for real estate and insurance companies.

Cape Analytics, LLC is a technology company that specializes in artificial intelligence-based geospatial imagery data solutions for the insurance and reinsurance sectors. Founded in 2014 and headquartered in Mountain View, California, the company provides a cloud-based property intelligence platform that utilizes deep learning and computer vision to deliver instant property insights. This platform allows insurers and other stakeholders to access detailed property attributes during the underwriting process, achieving a level of accuracy that typically necessitated an on-site inspection, while also ensuring rapid data availability across the United States. By streamlining the evaluation of properties, Cape Analytics enhances the underwriting process for real estate and insurance companies.

Numerated is a fintech company that simplifies business banking for financial institutions and their clients through its innovative digital lending platform. This platform enables banks and credit unions to enhance customer experience by leveraging data to streamline the origination of various business banking products, facilitating the entire process from application to decision and closure. The software includes features such as pre-filled digital applications, decision automation, and sales and marketing tools, thereby making it easier for businesses to obtain financial products. With over 400,000 businesses and 30,000 financial institution associates utilizing the platform, Numerated has processed $50 billion in lending. Financial institutions with a collective asset base of $1 trillion employ Numerated's solutions, which have garnered recognition in the fintech industry for their effectiveness and innovation.

Praedicat, Inc. is a software development company based in Los Angeles, California, established in 2011. It specializes in creating innovative risk analytics software tailored for the property and casualty insurance industries, focusing on the underwriting and management of liability catastrophe risks. The company employs a multidisciplinary team that utilizes advanced technology and proprietary algorithms to extract and analyze information from scientific literature regarding emerging risks. Praedicat's patent-pending technology incorporates applied legal reasoning and economic analysis, enabling liability insurers and reinsurers to transform emerging risks into opportunities for growth rather than avoidance. Through its structured approach, the company provides valuable insights directly applicable to the core business functions of its clients, enhancing their ability to model and manage risk effectively.

MioTech Information Technology (Shanghai) Co., Limited is an artificial intelligence platform based in Shanghai, China, with additional offices in Hong Kong. Founded in 2016, the company specializes in developing software solutions for investment managers, enabling them to navigate complex data and enhance client service. MioTech's platform integrates and analyzes diverse data sources to streamline the investment process, offering a data-driven experience. Additionally, the company focuses on sustainability and environmental, social, and corporate governance (ESG) data, providing financial institutions, enterprises, and governments with tools to monitor and manage sustainability metrics in real time. MioTech's innovative approach is supported by notable investors, including Horizons Ventures and ZhenFund.

Integrated Aerial Precision is an agritech company that drone service and data anakytics for precision agriculture.

D-Olivette provides a decentralized energy solution for rural communities through products that convert organic waste into biogas and fertilizer.

Fourth Line is an agribusiness firm focused on empowering smallholder farmers, particularly those involved in beekeeping. The company processes and supplies wild honey, enhancing the livelihoods of bee farmers through innovative solutions. Fourth Line designs and produces movable, durable beehives made from reclaimed wood offcuts, which are tailored to improve productivity per hive. Additionally, the company offers low-cost solar-powered bee venom harvesting devices specifically designed for the Miombo forest climate, enabling farmers to produce high-value honey for export to global markets. Through these initiatives, Fourth Line aims to enhance agricultural practices and provide financial services to support smallholder farmers.

Octavia Carbon is the Global South's pioneering Direct Air Capture (DAC) company, focused on developing innovative technology to filter carbon dioxide directly from the atmosphere. By utilizing Kenya's abundant geothermal energy and geological resources, Octavia Carbon aims to significantly reduce the costs associated with DAC technology. The captured CO2 can be transformed into stable rock formations underground or repurposed as an industrial gas, providing a cleaner alternative to fossil fuels. This approach not only addresses climate change but also supports industrial power users in East Africa, contributing to the fight against energy poverty in the region.

Hydroponics Gardens Masaka is an agritech company specializing in hydroponic farming solutions. The company provides efficient hydroponic systems for growing fodder and vegetables, aimed at enhancing food production and nutrition. It focuses on cost-effective and sustainable farming practices, equipping farmers with resource-efficient technology. In addition to offering hydroponic equipment, Hydroponics Gardens Masaka also emphasizes education and support for the hydroponics community, helping farmers improve their income while addressing climate change challenges. Through these initiatives, the company promotes innovative agricultural methods that contribute to sustainable development and improved livelihoods.

Organic Fields offers an innovative biological, certified organic fertilizing solution to commercial growers in the agricultural.

Women in Energy Sierra Leone Limited manufactures and distributes smart green stove and briquettes for renewable energy solutions.

Akatale on Cloud is a fresh food online market, a digital platform for assessing food quality and life span, and a resource for local farmers and producers to learn about food preservation

Inno-Neat Energy Solutions provides an off-grid clean energy solutions. Inno-Neat Energy develop innovative solar-battery modules for off-grid households, small businesses, and e-mobility applications.

QuantCube Technology is a Paris-based company founded in 2013 that specializes in real-time predictive analytics utilizing artificial intelligence and algorithmic processing of unstructured data. It serves a diverse clientele, including corporate clients, financial institutions, and investment managers, by offering insights into macroeconomic indicators such as economic growth, inflation, and real estate market dynamics. The company's solutions extend to profile analytics and satellite imagery analytics through deep learning algorithms, enhancing decision-making capabilities for short-term investment strategies. Evolving from its origins as a fintech startup, QuantCube Technology has grown into a cross-sector research and development company committed to ethical data usage while embracing new challenges in various industries, including space.

SCRiesgo provides risk rating and analysis of issues services to investment funds, financial institutions, and insurance companies.

Octaura is an electronic trading solution created by the industry – for the industry. Backed by eight major US financial institutions, Octaura has reimagined the way the syndicated loan and the CLO markets trade. Efficiency, transparency and simplicity are at the heart of what we do.

Global Credit Ratings is a provider of credit ratings. The company serves 400 customers across 20 countries and is the only rating agency to have a strong presence in multiple geographies across the continent.

PassFort is a compliance technology company that offers a platform designed to automate the collection, verification, and secure storage of customer due diligence data. The platform streamlines the onboarding process for both customers and compliance teams, facilitating a tailored approach to Know Your Customer (KYC) processes. By employing a risk-based strategy, PassFort optimizes each individual's onboarding experience based on their assessed risk level. This automated solution not only enhances efficiency but also helps clients manage compliance in a more effective manner, ultimately saving time and reducing operational complexity.

kompany is a regulatory technology platform specializing in global business verification and business KYC, offering real-time access to audit-proof, primary source, and time-stamped company information from over 150 jurisdictions. Headquartered in Vienna, Austria, with additional offices in Singapore and the UK, kompany was founded in 2012 and has since assembled a diverse team of developers, regulatory experts, and product managers. The company operates as a government-licensed clearing house and serves as an official distributor for commercial and business registers across multiple countries. Its suite of products includes an API and a shareholder identification tool known as UBO discovery, designed to help financial institutions, payment service providers, insurers, and other regulated entities automate their due diligence processes and comply with current anti-money laundering regulations.

Bogard AB helps to identify persons in politically exposed positions in customer bases in a correct way using Bogards Nordic PEP database.

BitSight, founded in 2011, is a cyber risk management company that offers a platform designed to help organizations assess and manage information security risk. By applying sophisticated algorithms, BitSight generates daily security ratings that range from 250 to 900, enabling users to evaluate third-party risk, underwrite cyber insurance, benchmark security performance, and conduct due diligence in mergers and acquisitions. The company serves a diverse clientele, including seven of the top ten cyber insurers, 20% of Fortune 500 companies, and three of the top five investment banks, making its Security Ratings technology integral to risk management and business decision-making. With over 1,000 customers and a vast ecosystem of users, BitSight is recognized as the most widely used Security Ratings Service in the industry.

realXdata GmbH, established in 2016 and headquartered in Berlin, Germany, specializes in providing data-driven analytics solutions for the commercial real estate industry. The company offers services such as market data analysis, benchmarking, reporting, and integration, aiming to enhance transparency and global accessibility of this asset class for investors worldwide. This is achieved by integrating proprietary data with crowdsourced and valuable public data, leveraging big data and machine learning technologies.

Risk Management Solutions, Inc. (RMS), founded in 1989 and based in Newark, California, specializes in providing comprehensive risk management services in the San Francisco Bay Area. As a subsidiary of George Hills Company Inc., RMS offers the Risk Intelligence platform, which features advanced predictive and probabilistic risk models, extensive risk data, APIs, and applications for thorough risk analytics. This platform supports clients in the financial services, insurance, public agency, and policymaking sectors by integrating scientific knowledge, engineering insights, and empirical loss data following catastrophic events. Customers utilize the Risk Intelligence platform to assess, price, mitigate, and manage risks associated with natural disasters such as earthquakes, wildfires, floods, and hurricanes, as well as man-made threats like terrorism and cyber risks.

VisibleRisk is a cybersecurity platform developed as a joint venture between Moody's and Team8, designed to help businesses understand and manage cyber risks in financial terms. The platform continuously monitors and assesses cyber threats, utilizing advanced risk measurement and cybersecurity technologies. By providing a clearer visualization of cyber risks, VisibleRisk enables business leaders to communicate these risks effectively, facilitating better governance and decision-making. The company's innovative approach allows organizations to integrate cyber risk management into their overall financial strategy, ensuring they can mitigate potential threats while maintaining operational integrity.

Cortera, Inc. is a provider of business-to-business analytics and cloud-based risk management solutions, specializing in payment and purchase behavior data for public and private companies. Founded in 1993 and headquartered in Boca Raton, Florida, with additional offices in Massachusetts and India, Cortera tracks $1.6 trillion in business-to-business purchases across 45 categories, offering insights on 20 million U.S. business locations. The company's products include Cortera Pulse, a subscription service for monitoring credit risk; Boost, which enhances customer insights; and Cortera Decisions, an automated scorecard platform. Additionally, Cortera offers eCredit for credit scoring and collections automation, Cortera Traits for real-time statistical modeling, and Connect, an XML web service for accessing proprietary data. These solutions help businesses of all sizes understand their customers and suppliers better, ultimately aiding in revenue growth and risk reduction.

ZM Financial Systems, Inc. is a financial technology company based in Cary, North Carolina, founded in 2003. It specializes in developing and supporting analytics software tailored for fixed income and derivatives professionals in the capital markets and banking sectors. The company's primary offerings include ZMdesk, which provides comprehensive valuation analytics and market risk management tools, and OnlineALM.com, a solution for asset/liability management that integrates risk management processes and economic value assessments. Additionally, ZM Financial Systems offers Online Budgeting, a cloud-hosted application designed for efficient budgeting in banks and credit unions, as well as ZXBondSwap, an analytical tool for evaluating security trades and leverage decisions. Serving approximately 1,500 financial institutions, the company focuses on delivering advanced financial analytics that simplify complex processes, enabling clients to effectively identify, measure, and manage risk and value on their balance sheets. As of December 2020, ZM Financial Systems operates as a subsidiary of Moody's Corporation.

MioTech Information Technology (Shanghai) Co., Limited is an artificial intelligence platform based in Shanghai, China, with additional offices in Hong Kong. Founded in 2016, the company specializes in developing software solutions for investment managers, enabling them to navigate complex data and enhance client service. MioTech's platform integrates and analyzes diverse data sources to streamline the investment process, offering a data-driven experience. Additionally, the company focuses on sustainability and environmental, social, and corporate governance (ESG) data, providing financial institutions, enterprises, and governments with tools to monitor and manage sustainability metrics in real time. MioTech's innovative approach is supported by notable investors, including Horizons Ventures and ZhenFund.

Acquire Media Corporation is a technology company based in Roseland, New Jersey, specializing in the delivery of text news and multimedia content via the public Internet. Founded in 2001, the company provides a range of services including real-time news management and distribution tools, syndication, and content services tailored for enterprise customers in the news media, digital publishing, and financial sectors. Acquire Media delivers over 650,000 news articles daily, offering solutions such as a real-time scrolling news and alerting product designed for traders and financial professionals, as well as a news-tagged feed for news-based trading strategies. The company's offerings focus on ensuring reliability and instant usability of content, making it easily searchable for business professionals and workgroups. Acquire Media Corporation was previously known as WavePhore Labs and has operated as a subsidiary of Moody's Corporation since October 2020.

Malaysian Rating Corporation Berhad (MARC) operates as a credit rating agency based in Kuala Lumpur, Malaysia. The organization specializes in providing credit ratings and research services for various financial instruments, including commercial papers, bonds, and both long- and short-term debts. MARC's coverage encompasses corporate finance, which includes financial institutions and insurance, as well as structured finance, public finance, and infrastructure and project finance. Additionally, the agency offers industry analyses, rating reports, and rating indices to assist both issuers and investors in making informed decisions in the local and global markets.

Quipu is building the first digital bank for the informal economy in LATAM. Using proprietary AI algorithms, Quipu assesses informal microbusinesses’ creditworthiness using over 80,000 alternative data points. Quipu leverages this data to provide working capital loans through a local supply chain financing system that allows microbusinesses to buy supplies, ingredients and materials at wholesale price. The company is building an uncollateralized loan protocol to boost their loan operation. Quipu’s goal is to become the one-stop-shop for financial services for micro-businesses in LATAM providing easy, fair and alternative access to working capital.

RBA International is a London-based company specializing in online training and certification for the retail banking sector. The organization provides a range of educational programs designed to equip banking professionals with essential skills and knowledge in response to the evolving landscape of retail banking. Its offerings include courses such as Certified Retail Banker, Certified Professional Retail Banker, Certified Branch Manager, and Certified Wealth Practitioner, along with group case studies that facilitate collaborative learning. By focusing on the needs of the retail banking industry, RBA International aims to enhance the competencies of banking professionals and improve service delivery in the sector.

SynTao Green Finance Co., Ltd., established in 2015 and headquartered in Beijing, China, specializes in environmental, social, and governance (ESG) data and ratings, as well as green finance consulting services. Operating as a subsidiary of Beijing SynTao Information Technology Co., Ltd., the company focuses on providing comprehensive solutions for financial institutions and corporations. SynTao Green Finance offers services such as green bond verification and responsible investment consultancy, assisting businesses in developing sustainable finance strategies, mitigating ESG risks, and capitalizing on green business opportunities. Through its expertise, SynTao aims to contribute to a sustainable future.

RiskFirst is a London-based FinTech company specialising in risk analytic solutions for asset management firms and pension funds. They develop intuitive software for valuations, risk analytics, portfolio simulations, and benchmarking tools tailored to the pensions and investments market.

Four Twenty Seven, Inc. is a climate research and risk management firm founded in 2012 and headquartered in Berkeley, California. As a subsidiary of Moody's Corporation, the company specializes in combining economic modeling with climate science to mitigate risks associated with climate change. Four Twenty Seven aims to facilitate climate adaptation and resilience investments by integrating climate science into business and policy decisions. Its team comprises professionals with diverse expertise in climate science, engineering, macroeconomics, finance, natural resource management, policy analysis, and international development. The company provides science-driven risk analytics to a range of clients, including investors, corporations, and governments, helping them navigate the economic impacts of climate change.

Vigeo Eiris evaluates organisations’ integration of social, environmental and governance factors into their strategies, operations and management – with a focus on promoting economic performance, responsible investment and sustainable value creation.

Reis, Inc., founded in 1980 and based in New York, is a leading provider of commercial real estate market information and analytical tools in the United States. Through its subsidiary, Reis Services, LLC, the company maintains a comprehensive proprietary database that includes detailed information on various types of commercial properties such as apartments, offices, retail spaces, warehouses, and specialized housing. This data serves a diverse clientele, including real estate investors, lenders, brokers, and appraisers, who utilize it to make informed decisions regarding buying, selling, and financing properties. Reis offers a range of products, including its flagship Reis SE platform for larger enterprises, and ReisReports for smaller businesses, all designed to facilitate transactions and portfolio evaluations. The company's resources provide insights into market trends, forecasts, rents, vacancy rates, and property valuations, thereby helping clients assess risks and manage their real estate investments effectively. Formerly known as Wellsford Real Properties, Reis, Inc. became a subsidiary of Moody's Corporation in 2018.

Omega Performance Corporation specializes in providing credit training services to lending organizations globally. Established in 1976 and headquartered in Arlington, Virginia, with additional offices in Singapore and Australia, the company offers a diverse range of training courses across various lending sectors, including commercial, small business, consumer, and retail lending. Its training solutions encompass self-paced E-Learning courses, skills application labs, and instructor-led workshops, covering topics such as business lending fundamentals, commercial real estate lending, and credit write-ups. Omega Performance also features SimuStar, a 3D simulation platform that allows lenders to practice judgment skills in a controlled environment. The company focuses on delivering innovative learning experiences tailored to the specific needs of financial services professionals, enhancing their skills through expert coaching and mentorship. As of August 2018, Omega Performance operates as a subsidiary of Moody's Corporation.

QuantCube Technology is a Paris-based company founded in 2013 that specializes in real-time predictive analytics utilizing artificial intelligence and algorithmic processing of unstructured data. It serves a diverse clientele, including corporate clients, financial institutions, and investment managers, by offering insights into macroeconomic indicators such as economic growth, inflation, and real estate market dynamics. The company's solutions extend to profile analytics and satellite imagery analytics through deep learning algorithms, enhancing decision-making capabilities for short-term investment strategies. Evolving from its origins as a fintech startup, QuantCube Technology has grown into a cross-sector research and development company committed to ethical data usage while embracing new challenges in various industries, including space.

Rockport VAL, LLC is a technology company that specializes in developing a cloud-based valuation tool specifically for the commercial real estate market. Established in 2017 and located in New York, the company provides financial modeling solutions that enable commercial real estate professionals to access secure systems anytime via Internet-enabled devices. The VAL system features user-friendly navigation, an Excel interface, a calculator engine, and robust reporting capabilities. Additionally, it offers flexibility by seamlessly integrating with third-party applications, enhancing productivity and efficiency for users involved in underwriting and valuations in the fast-paced real estate sector. Rockport VAL is focused on delivering modern and reliable tools tailored to the needs of its customers.

CompStak, Inc., founded in 2011 and headquartered in New York, operates an online platform that provides a comprehensive database of commercial lease comparables. Utilizing a crowd-sourced model, CompStak facilitates the exchange of detailed lease information, which includes tenant names, addresses, rental rates, square footage, landlord concessions, broker identities, and other pertinent data. This information is critical for real estate investors, brokers, asset managers, and appraisers as they conduct valuations and analyses of commercial properties. CompStak's platform serves various stakeholders in the real estate market, enabling informed decision-making in significant investments and property comparisons. Additionally, CompStak has established a strategic partnership with Knowledge Cubed to enhance its data offerings, further solidifying its position in the industry.

SecurityScorecard, Inc., founded in 2013 by Dr. Alex Yampolskiy and Sam Kassoumeh, is a leading provider of cybersecurity ratings and continuous monitoring services. The company's platform assesses the cybersecurity strength of third-party vendors and businesses, offering solutions like ThreatMarket, a cloud-based vulnerability search engine, and Score Planner for remediation paths. SecurityScorecard serves Fortune 1000 organizations worldwide, providing tools for vendor risk management, board reporting, and cyber insurance underwriting. Its patented technology rates over a million companies continuously, enabling organizations to identify and mitigate cybersecurity risks across their digital footprint. The company is based in New York, New York.

Bureau van Dijk specializes in providing comprehensive company information products, focusing primarily on private companies and their corporate ownership structures. The company aggregates, cleanses, integrates, and analyzes data to deliver essential business information to clients across the finance, corporate, and public sectors. By utilizing proprietary software, Bureau van Dijk enables its customers to access reliable data, thereby enhancing their efficiency and supporting informed decision-making. The company's commitment to accuracy and detail is reflected in its collaborations with various renowned information providers, further strengthening its position in the market.

Finagraph is a business intelligence and analytics platform based in Mercer Island, Washington, specializing in financial tools for lenders, accountants, consultants, and business owners. The platform connects directly to business accounting systems, allowing users to access financial dashboards that provide visual insights and performance indicators. Key offerings include a financial dashboard for managing financials, a financial skills training tool for coaching business owners and professionals, and a borrowing base management tool. Additionally, Finagraph provides various procurement services, tax management solutions, expense reporting, and online business loan assistance. The company also conducts seminars on topics such as financial statement analysis, cash budgeting, and profit planning. Finagraph operates as a subsidiary of Booyami, Inc., focusing on delivering actionable financial information to enhance decision-making and efficiency.

Korea Investors Service is a prominent provider of domestic credit rating services based in Seoul, South Korea. Established in 1985, the company plays a vital role in the Korean capital markets by offering credit ratings, research, and related services. As a majority-owned affiliate of Moody's Investors Service since 2001, Korea Investors Service is recognized for its expertise in delivering credit opinions and deal research, thereby supporting informed investment decisions within the domestic financial landscape.

BlackBox Logic LLC is a data aggregation and processing firm specializing in residential mortgage backed securities (RMBS). Founded in 2007 and headquartered in Denver, Colorado, the company caters to a diverse range of participants in the residential mortgage and capital markets, including investors, broker/dealers, researchers, and academic institutions. BlackBox Logic offers BBx Data, which delivers insights into the characteristics and historical performance of loans underlying RMBS, and Crystal Logic, a web-based analytics technology that facilitates bond-level and loan-level data extraction, as well as comprehensive market research. Additionally, the company provides consulting services tailored to specific RMBS data needs, including custom analyses, data processing, modeling support, systems integration, and infrastructure optimization.

Equilibrium is a provider of credit rating and research services in Peru and other countries in Latin America.

Lewtan Technologies is a provider of analytical tools and data for the global structured finance market.

Acuity Knowledge Partners, previously part of Moody's Corporation, is a prominent provider of customized research, analytics, staffing, and technology solutions tailored for the financial services sector. Based in London, the company has nearly two decades of experience, serving over 400 financial institutions and consulting firms through a specialized workforce of over 4,000 analysts and delivery experts worldwide. Acuity Knowledge Partners offers integrated solutions across various segments, including investment banking, investment research, private equity, consultancy, and commercial lending. Their services focus on enabling clients to innovate, implement transformation programs, manage costs, and enhance operational efficiency. Additionally, the company utilizes a proprietary suite of Business Excellence and Automation Tools (BEAT) to deliver domain-specific technology solutions that support clients in growing revenue and improving overall performance.

Barrie & Hibbert is a prominent provider of risk management modeling tools and stochastic modeling services, primarily catering to insurance companies globally. The company specializes in helping clients comprehend the uncertainties of financial markets and their implications for business performance. By utilizing its advanced stochastic modeling framework, Barrie & Hibbert enables clients to simulate various economic and asset scenarios. This capability enhances their understanding of financial market risks and supports the evolution of their business strategies in an increasingly complex and volatile environment.

Copal Partners specializes in delivering tailored outsourced research, analytics, and consulting services to clients within the financial and corporate sectors. The firm focuses on providing insights and support that enhance decision-making processes for its clients, addressing their specific needs and challenges. By leveraging a combination of industry expertise and analytical capabilities, Copal Partners aims to drive value and improve operational efficiency for organizations seeking to navigate complex market environments.

The Canadian Securities Institute (CSI) is a leading provider of financial services education in Canada, established in 1970. Endorsed by regulatory authorities, CSI has trained over three-quarters of a million financial professionals, offering courses that meet licensing requirements for various regulatory bodies. In 2007, CSI expanded its educational offerings by acquiring the Institute of Canadian Bankers, enhancing its curriculum. Today, CSI provides a comprehensive suite of programs covering a wide range of topics, including securities, mutual funds, banking, insurance, portfolio management, and financial planning. With a focus on relevant, real-world training and innovative educational solutions, CSI has established itself as a trusted and experienced educator in the financial services sector.

Enb Consulting, based in the United Kingdom, specialises in delivering professional development programmes tailored to financial markets. Their offerings encompass both technical skills and soft skills training, catering primarily to banking and capital market professionals seeking to enhance their capabilities.

Fermat International is a provider of risk and performance management software to the global banking sector.

Mergent Pricing and Evaluation Services is a provider of corporate and municipal bond pricing information.

Wall Street Analytics is a leader in providing sophisticated software products and services to the structured finance markets. The company provides products and support to more than 100 clients around the world including leading asset management firms, investment banks, trustees, and institutional investors. Its CDOnet, CDOcalc, Structured Finance Workstation, Bond Administration Workstation, and ABScalc products are widely recognized for their unique abilities to support detailed analysis of the most sophisticated structured debt products including, collateralized debt obligations (CDOs), mortgage-backed securities (MBS) and asset-backed securities (ABS). Founded in 1987, the company serves the markets from its three main locations in New York, San Francisco and London.

Economy.com, Inc. is a independent provider of economic, financial, country, and industry research designed to meet the diverse planning and information needs of businesses, governments, and professional investors worldwide. Its research has many dimensions: country analysis; financial markets; industrial markets; and regional markets. Economy.com's information and services are used in a variety of ways, including strategic planning; product and sales forecasting; risk and sensitivity management; and as investment research by over 500 clients worldwide, including the largest commercial and investment banks; insurance companies; financial services firms; mutual funds; governments at all levels; manufacturers; utilities; and industrial and technology clients. Economy.com was founded in 1990 and is an employee-owned corporation, headquartered in West Chester, Pennsylvania, a suburb of Philadelphia. It also maintains offices in London, England; Ottawa, Canada; and Sydney, Australia.

Moody's Interfax Rating Agency is a large independent information service provider in Russia. Interfax Rating Agency, which specializes in evaluating credit risk in Russia, signed a strategic cooperation agreement with Moody's Investors Service in October 2001. The Interfax Rating Agency is a member of the Interfax Information Services Group, a leading provider of business and political information from the emerging markets of Europe and Asia. Further information is available at www.interfax.com.

KMV offers credit assessment solutions for lenders, investors, and corporations. It calculates the probability of loss on loan portfolios and the creditworthiness of an individual or business.

Magister is a Buenos Aires-based business risk analysis and credit ratings agency.