ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2015

Web Equity Solutions [Member]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

Current assets				$	3.0
Property and equipment, net					2.3
Intangible assets:
	Client relationships (18 year weighted average life)	$	42.8
	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)				54.8
Goodwill					77.6
Liabilities assumed					(7.2)
Net assets acquired				$	130.5

ICRA [Member]

Summary of Fair Values of Assets Acquired and Liabilities Assumed

Current assets				$	25.4
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)*		18.3
	Total intangible assets (26 year weighted average life)				98.9
Goodwill					296.7
Other assets					56.3
Liabilities					(62.7)
Fair value of non-controlling interest assumed					(218.8)
Net assets acquired				$	210.9
* Primarily consists of acquired technical know-how and ratings methodologies

Consideration to the step acquisition

Cash paid	$	86.0
Fair value of equity interest in ICRA prior to obtaining a controlling interest		124.9
Total consideration	$	210.9