ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2014

Amba [Member]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

Cash paid	$	67.2
Contingent consideration liability assumed		4.3
Additional purchase price to be paid in 2014 based on final working capital acquired		0.1
Total fair value of consideration transferred	$	71.6

Total Consideration Transferred to Sellers

Current assets				$	23.7
Property and equipment, net					0.4
Intangible assets:
	Trade name (7 year weighted average life)	$	3.3
	Client relationships (12 year weighted average life)		26.7
	Other (3 year weighted average life)		1.6
	Total intangible assets (11 year weighted average life)				31.6
Goodwill					29.2
Indemnification asset					10.4
Other assets					2.0
Liabilities assumed					(25.7)
Net assets acquired				$	71.6

ICRA [Member]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

Cash paid	$	86.0
Fair value of equity interest in ICRA prior to obtaining a controlling interest		124.9
Total consideration	$	210.9
The cash paid in the table above was funded by using Moody's non-U.S. cash on hand.

Total Consideration Transferred to Sellers

Current assets				$	26.0
Property and equipment, net					15.1
Intangible assets:
	Trade name (36 year weighted average life)	$	46.8
	Client relationships (19 year weighted average life)		33.8
	Other (17 year weighted average life)*		18.5
	Total intangible assets (26 year weighted average life)				99.1
Goodwill					291.1
Other assets					56.3
Liabilities					(57.9)
Fair value of non-controlling interest assumed					(218.8)
Net assets acquired				$	210.9
* Primarily consists of acquired technical knowhow and ratings methodologies

Web Equity Solutions [Member]

Total Consideration Transferred to Sellers

Current assets				$	3.0
Property and equipment, net					2.3
Intangible assets:
	Client relationships (18 year weighted average life)	$	44.6
	Software (15 year weighted average life)		11.5
	Trade name (4 year weighted average life)		0.5
	Total intangible assets (17 year weighted average life)				56.6
Goodwill					76.3
Liabilities assumed					(7.6)
Net assets acquired				$	130.6