Exhibit 99.3

            Moody's Provides Update on 2-for-1 Stock Split

    NEW YORK--(BUSINESS WIRE)--April 26, 2005--As previously
disclosed, the Board of Directors of Moody's Corporation (NYSE: MCO)
has declared a two-for-one stock split to be effected as a special
stock distribution of one share of common stock for each share of the
Company's common stock outstanding. The stock split was subject to
stockholder approval of a charter amendment to increase the Company's
authorized common shares. At the Company's Annual Meeting on April 26,
2005, the Company's stockholders approved this charter amendment. As a
result, stockholders of record as of the close of business on May 4,
2005 will receive one additional share of common stock for each share
of the Company's common stock held on that date. Such additional
shares will be distributed on May 18, 2005.

    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 credit risk
processing and credit risk management products for banks and investors
in credit-sensitive assets serving the world's largest financial
institutions. The corporation, which reported revenue of USD 1.4
billion in 2004, employs approximately 2,500 people worldwide and
maintains offices in 19 countries. Further information is available at
www.moodys.com.

    CONTACT: Moody's Corporation
             Michael Courtian, 212-553-7194
             Michael.Courtian@moodys.com