Moody's Investors Service

BitSight Technologies, Inc., founded in 2011 and based in Boston, Massachusetts, specializes in data analytics and security software focused on managing information security risks. The company offers a Security Ratings Platform that utilizes sophisticated algorithms to generate daily security ratings, which range from 250 to 900. These ratings assist organizations in managing third-party risk, underwriting cyber insurance policies, benchmarking performance, conducting mergers and acquisitions due diligence, and assessing aggregate risk. BitSight's technology is widely adopted, with over 1,000 customers, including major cyber insurers, Fortune 500 companies, and leading investment banks, who rely on its services for critical risk and business decision-making. The platform is recognized as the most widely used Security Ratings Service globally.

Risk Management Solutions, Inc. (RMS), founded in 1989 and based in Newark, California, specializes in providing risk management services, particularly through its Risk Intelligence platform. This platform offers global predictive and probabilistic risk models, extensive risk data, and various APIs and applications for comprehensive risk analytics. Clients in the financial services, insurance sectors, public agencies, and policymakers utilize the platform to integrate and assess scientific data, engineering insights, and actual loss experiences following catastrophic events. The Risk Intelligence platform enables organizations to evaluate, price, mitigate, transfer, and trade risks associated with natural disasters such as earthquakes, wildfires, floods, and hurricanes, as well as man-made threats like terrorism and cyber risks. As of February 2020, RMS operates as a subsidiary of George Hills Company Inc.

VisibleRisk Inc. is an information security analytics company that specializes in providing solutions for enterprise visibility and advanced security analytics. The company offers a cybersecurity platform designed to continuously monitor and manage cyber risks, leveraging expertise in risk measurement and cybersecurity technologies. Its services include advanced "hunting-based" analytics, custom threat intelligence, and incident response support, alongside tailored content for network forensics. VisibleRisk enables clients to visualize cyber threats in financial terms, facilitating improved governance and more effective risk mitigation strategies.

Cortera is a provider of comprehensive business-to-business payment and purchase behavior data and insights on public and private companies. The company tracks $1.6 trillion in business-to-business purchases across 45 spend categories to deliver insights on 20 million U.S. business locations. Cortera's solutions enable companies of all sizes to better understand their customers, suppliers and business partners by gaining visibility into what they purchase, how they pay and how their purchase and payment behavior changes over time. Thousands of companies across diverse industries use Cortera solutions to increase revenue, improve sales and marketing effectiveness, and reduce risk. Cortera is privately held with offices in Boca Raton, Florida; Boston and Quincy, Massachusetts and Bangalore, India.

ZM Financial Systems, Inc., founded in 2003 and based in Cary, North Carolina, specializes in the development, sale, and support of analytics software tailored for fixed income and derivatives professionals in the capital markets and banking sectors. The company offers a range of products, including ZMdesk, which provides valuation analytics, market risk reporting, and portfolio management tools. Their OnlineALM.com platform focuses on asset and liability management, offering features for earnings simulations and risk management. Additionally, ZM Financial Systems provides Online Budgeting, a cloud-hosted application designed for the budgeting processes of banks and credit unions. Their ZXBondSwap tool assists users in analyzing security trades and loan funding decisions. Serving approximately 1,500 financial institutions, the company aims to deliver advanced financial analytics that address real-world challenges while maintaining user-friendly solutions. As of December 2020, ZM Financial Systems operates as a subsidiary of Moody's Corporation.

Acquire Media is an advanced technology company devoted to delivering news and multimedia with guaranteed reliability in formats that make content instantly usable and searchable. The company provides syndication and content services to enterprise business customers in the news media, digital publishing, financial services and corporate communities delivering over 650,000 news articles daily.

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 a marketplace-platform aimed to ease and increase trade of goods and services between people living in low-income communities. Quipu is a digital community market that seeks to facilitate the exchange of goods and services between people who depend on the popular economy.

RBA International is a London-based provider of training and certification services for the retail banking sector. The company focuses on preparing bankers for the changing landscape of retail banking by offering a range of comprehensive training programs. These programs include group case studies and various certification courses, such as Certified Retail Banker, Certified Professional Retail Banker, Certified Branch Manager, and Certified Wealth Practitioner. Through its offerings, RBA International aims to equip banking professionals with the essential skills and knowledge required to excel in their roles.

SynTao Green Finance Co., Ltd. is a Beijing-based company established in 2015, specializing in environmental, social, and governance (ESG) data and ratings, green bond verification, and green finance consulting solutions. Operating as a subsidiary of Beijing SynTao Information Technology Co., Ltd., the firm serves financial institutions and corporations in China, providing essential tools and expertise to support sustainable finance initiatives.

RiskFirst is a FinTech company based in London, United Kingdom, specializing in risk analytic solutions tailored for the asset management and pension fund sectors. The company develops intuitive and user-friendly tools that facilitate risk analytics and reporting. Its product offerings include valuation services, simulation analytics for endowment portfolios, and benchmarking platforms designed for liability-driven investing. By focusing on the unique needs of the pensions and investments market, RiskFirst aims to enhance decision-making processes within these financial sectors.

Four Twenty Seven, Inc. is a climate research and risk management firm based in Berkeley, California, founded in 2012 by Emilie Mazzacurati. The company specializes in combining economic modeling with climate science to assist investors, corporations, and governments in understanding and mitigating the risks associated with climate change. Four Twenty Seven provides science-driven risk analytics that support climate adaptation and resilience investments, facilitating the integration of climate science into business and policy decisions. With a team of professionals skilled in various fields, including climate science, macroeconomics, and policy analysis, the company aims to advance informed decision-making in the face of climate-related challenges. Four Twenty Seven operates as a subsidiary of Moody's Corporation as of July 2019.

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.

Welcome to Reis, Inc., for more than thirty years the nation's most trusted provider of impartial commercial real estate performance information and analysis at the metro (city), submarket (neighborhood) and property level.

Omega Performance Corporation specializes in credit training services for lending organizations globally. Founded in 1976 and headquartered in Arlington, Virginia, with additional offices in Singapore and Australia, the company offers a range of courses across various lending areas, including commercial, small business, consumer, and retail lending, as well as commercial real estate. Its training options include self-paced e-learning, skills application labs, and workshops focused on practical lending skills. Omega Performance also features SimuStar, a 3D simulation tool that allows lenders to practice judgment skills in a controlled environment. Additionally, the company provides instructor-led workshops and professional consulting services tailored to the needs of financial services professionals, emphasizing customized coaching and mentorship. As of August 2018, Omega Performance operates as a subsidiary of Moody's Corporation.

Created in July 2013 by two ambitious and passionate entrepreneurs, QuantCube Technology was born out of a desire to use to the fullest extent the potential and the new opportunities offered by Artificial Intelligence and Big Data. What was at the beginning a Fintech startup focusing on the development of the next generation of investment strategies rapidly became over the past six years a cross-sectoral R&D company whose purpose is to create value from all types of data, while being at the forefront of innovation and advocating for an ethical use of the data. While looking at the future of Analytics, they are always keen to take on new challenges, as they did when they decided a couple of years ago to extend their analytics to the Space industry for example.

Rockport VAL, LLC is a technology company that specializes in developing a cloud-based valuation tool tailored for the commercial real estate market. Founded in 2017 and based in New York, the company offers a financial modeling solution that allows real estate professionals to access secure and reliable systems anytime using internet-enabled devices. The VAL system features user-friendly navigation, an Excel interface, a calculator engine, and robust reporting capabilities, making it a modern resource for underwriting and valuations. Additionally, the platform's framework allows for seamless integration with third-party applications, providing clients with enhanced flexibility and options to improve efficiency and productivity in their financial processes.

CompStak, Inc. is a New York-based company that operates a crowd-sourced online database specializing in commercial lease comparisons. Founded in 2011, CompStak provides a platform where brokers, landlords, appraisers, and researchers can exchange detailed information on completed commercial lease transactions. The database includes essential data such as tenant names, addresses, rental rates, square footage, landlord concessions, and broker details. This comprehensive information is utilized by various stakeholders, including real estate private equity firms, banks, asset managers, REITs, and hedge funds, to conduct valuations and analyses of potential investments. Additionally, institutional property owners leverage CompStak's data to benchmark their assets against the market. The company has established a strategic partnership with Knowledge Cubed to enhance its data offerings.

SecurityScorecard, Inc. is a cybersecurity ratings and continuous monitoring platform that evaluates the cybersecurity strength of businesses and third-party vendors. Founded in 2013, the company has developed a patented technology that provides instant risk ratings for over a million companies, helping organizations manage their cybersecurity risks more effectively. Its offerings include ThreatMarket, a cloud-based vulnerability search engine that assesses security posture across various risk categories, and Score Planner, which allows companies to explore remediation strategies. Additionally, SecurityScorecard provides tools for vendor risk management, board reporting, and cyber insurance underwriting through its Scorecard Event Log and Atlas platform for questionnaire management. The company serves a global clientele, including Fortune 1000 organizations, and collaborates with value-added resellers and service partners to deliver its solutions. Based in New York, SecurityScorecard aims to enhance organizational resilience by facilitating the identification and mitigation of cybersecurity risks.

Bureau van Dijk Electronic Publishing BV specializes in providing comprehensive business information solutions, focusing on both public and private companies. Founded in 1991 and headquartered in Amsterdam, the company aggregates, cleans, and analyzes data on corporate structures and financials, offering insights for various sectors including finance, corporate, and public domains. Its extensive portfolio includes tools for transfer pricing, corporate valuation, credit analysis, compliance, and procurement, as well as databases containing economic indicators and forecasts. Bureau van Dijk also supports clients with tools for mergers and acquisitions, client onboarding, and market analysis, catering to a diverse clientele that includes banks, insurance companies, and academic institutions. As a subsidiary of Moody's Analytics since 2017, Bureau van Dijk continues to enhance its offerings through collaborations with leading information providers, enabling clients to make informed decisions and operate efficiently in a complex business environment.

Finagraph provides best-in-class financial intelligence on demand for lenders, accountants, consultants and business owners. By linking directly into business accounting systems, Finagraph instantly provides visual insights and pinpoints performance indicators – saving you time and money.

Korea Investors Service is a credit rating agency based in Seoul, South Korea, established in 1985. The company specializes in providing domestic credit ratings, research, and related services to the Korean capital markets. It offers credit opinions, deal research, and commentary to support investors and market participants. Since 2001, Korea Investors Service has been a majority-owned affiliate of Moody’s Investors Service, enhancing its credibility and expertise in the field.

BlackBox Logic LLC specializes in providing residential mortgage backed securities (RMBS) loan-level data aggregation and processing services for participants in the residential mortgage and capital markets, including investors, broker/dealers, researchers, and academic institutions. The company offers BBx Data, which delivers insights into the characteristics at origination and historical performance of loans that underlie RMBS. Additionally, BlackBox Logic features Crystal Logic, a loan-level analytics technology that enables users to extract bond-level and loan-level data, conduct sector and vintage analysis, and perform mortgage market research. The firm also offers consulting services tailored to specific RMBS data needs, encompassing custom analyses, reporting, data processing, modeling support, systems integration, and infrastructure optimization. Founded in 2007 and based in Denver, Colorado, BlackBox Logic operates as a subsidiary of Moody's Corporation.

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.

Moody's Analytics Knowledge Services is the provider of offshore research and analytics services to global financial and corporate sectors. Its investment Analysis Training Program is aimed at enhancing the knowledge of young capital markets practitioners in Sri Lanka. The company supports over 250 financial institutions and consulting companies through a team of over 2,500 subject matter experts who work as an extension of the clients’ teams based out of various global delivery centers.

Barrie & Hibbert helps clients understand how the uncertainty of financial markets can impact their business. Barrie & Hibbert Limited, a leading provider of risk management modeling tools for insurance companies worldwide.

Copal Partners provides customized outsourced research, analytics, and consulting services to clients in the financial and corporate sectors.

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 is a UK-based firm that specializes in providing training services for the financial markets. The company focuses on offering a range of programs that encompass both technical skills and soft skills, tailored specifically for professionals in banking and capital markets. By equipping individuals with essential knowledge and competencies, enb Consulting aims to enhance the effectiveness and performance of financial professionals in a competitive industry.

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.

Moody's KVM manage all commercial, agriculture, and small business loans with a single, comprehensive lending platform. KMV is a credit risk management technology firm. KMV's technology is utilized by the world's largest financial institutions as well as banks, insurance companies, and institutional money managers. In addition to its San Francisco headquarters, KMV has offices in London, Tokyo and northern New Jersey.

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