CORRECTING and REPLACING Moody's Corporation to Present at Morgan Stanley Conference on September 8, 2003 in Boston.

Business Editors

CORRECTION...by Moody's Corporation

Morgan Stanley's 8th Annual

Global Media & Communications Conference

NEW YORK--(BUSINESS WIRE)--Sept. 4, 2003

In BW5883 issued Sept. 3, 2003, (NY-MOODY'S) Moody's Corporation to Present at Morgan Stanley Conference on September 8, 2003 in Boston, first graph, second sentence should read xxx 8:45 AM Eastern (sted 9:30 AM Eastern).

The corrected release reads:

MOODY'S CORPORATION TO PRESENT AT MORGAN STANLEY CONFERENCE ON SEPTEMBER 8, 2003 IN BOSTON

John Rutherfurd, Jr., President and CEO of Moody's Corporation (NYSE:MCO), will speak at Morgan Stanley's 8th Annual Global Media & Communications Conference on Monday, September 8, 2003 in Boston. Mr. Rutherfurd's presentation will begin at approximately 8:45 AM Eastern Time and will be webcast live. The webcast can be accessed at Moody's Shareholder Relations website, http://ir.moodys.com.

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 market-based quantitative services for banks and investors in credit-sensitive assets serving the world's largest financial institutions. The corporation, which employs approximately 2,100 employees in 18 countries, had reported revenue of $1.0 billion in 2002. Further information is available at www.moodys.com.