EX-21
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SUBSIDIARIES OF THE REGISTRANT

EXHIBIT 21

LIST OF ACTIVE SUBSIDIARIES AS OF JANUARY 31, 2002

Company Name	% Ownership		Jurisdiction of Creation
Moody’s Investors Service Pty. Limited		100%	Australia
Moody’s America Latina Ltda.		100%	Brazil
Moody’s Canada Inc.		100%	Canada
Moody’s Interbank Credit Service Limited		100%	Cyprus
Moody’s Investors Service, Inc.		100%	Delaware
Moody’s Holdings, Inc.		100%	Delaware
Moody’s Overseas Holdings, Inc.		100%	Delaware
Moody’s Risk Management Services, Inc.		100%	Delaware
Moody’s Investors Service Ltd.		100%	England
Moody’s Holdings UK Limited		100%	England
Moody’s Risk Management Services Ltd.		100%	England
Moody’s France SA		100%	France
Moody’s Deutschland GmbH		100%	Germany
Moody’s Asia Pacific Limited		100%	Hong Kong
Moody’s Investment Company India Pvt. Ltd.		100%	India
Moody’s Mauritius Holdings Limited		100%	India
Moody’s Risk Management Services, Ltd.		100%	Ireland
Moody’s Italia S.r.l		100%	Italy
Moody’s Japan Kabushiki Kaisha		100%	Japan
Moody’s de Mexico S.A. de C.V.		100%	Mexico
Moody’s Holdings B.V		100%	Netherlands
Moody’s Investors Service Espana, S.A.		100%	Spain
Moody’s Singapore Pte. Ltd.		100%	Singapore
Moody’s Latin America Holding Corporation		51.73%	British Virgin Islands
Korea Investors Service, Inc.		50.001%	Korea