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MOODY'S EXPANDS ITS WESTERN REGIONAL OFFICE

 MOODY'S EXPANDS ITS WESTERN REGIONAL OFFICE
 NEW YORK, May 15 /PRNewswire/ -- Moody's Investors Service today


celebrated the completed expansion of its offices in San Francisco with a reception hosting over 100 of its clients. The western regional office expansion was undertaken to meet the growing demand of Moody's rating services in California and other west coast states. The office, opened in 1989, is currently Moody's only public finance office outside of New York. The reception also provided an opportunity to introduce David Brodsly, who recently joined Moody's as vice president and manager of the western regional office. Brodsly comes to Moody's with extensive public finance experience developed during a twelve year career with the City of Los Angeles where he managed the city's debt issuances. He joins six experienced Moody's analysts in San Francisco, all of whom had worked in Moody's New York office before transferring to San Francisco in 1990 and 1991. According to Dan Heimowitz, the director of Moody's Public Finance Department, "Since opening our office in San Francisco, we have gained much more insight and access to west coast local issuers. Our expansion of staff and conference space is in response to the resulting success and increased demand for our services."
 Moody's western regional office, as well as the western regional ratings group in New York, specialize in rating debt issued by local entities in California and other western states including general obligation bonds; certificates of participation; utility revenue bonds; tax and revenue anticipation notes; as well as tax increment; Mello Roos; and assessment debt.
 -0- 5/15/92
 /CONTACT: David Brodsly or Mark Campa of Moody's, 415-274-1700/ CO: Moody's Investors Service ST: New York, California IN: FIN SU:


KD-OS -- NY037 -- 0661 05/15/92 10:41 EDT
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Publication:PR Newswire
Date:May 15, 1992
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