GREG M. GUPTON JOINS MOODY'S RISK MANAGEMENT SERVICES

New York, July 19, 2000 -- Moody's Risk Management Services (MRMS) today announced that Greg M. Gupton has joined the company as a Senior Analyst.  Greg will work closely with Moody's bank loan rating team, leading research efforts in Loss Given Default and other quantitative modeling projects. He was the originator, designer and manager of CreditMetrics, now the world's most widely applied value-at-risk approach to measuring and managing portfolio credit risk.

Before joining Moody's, Mr. Gupton worked for J.P. Morgan for 14 years.  In his most recent capacity with J.P. Morgan Investment Management, he was Vice President, Credit Risk Principal providing investment management consulting services for risk-return maximization and systems implementation.

According to Lea Carty, Managing Director at MRMS, "Greg has an impressive track record of projects in quantitative research and modeling, including his leadership role in the development of JP Morgan's CreditMetrics approach to modeling portfolio credit risk. He will add significantly to the continuing development of our credit risk models."

Moody's Risk Management Services (MRMS), a wholly owned subsidiary of Moody's Investors Service is a leading provider of financial statement analysis software and both quantitative and judgmental risk assessment models. Its client base ranges from community banks to large credit-granting institutions. MRMS has offices in New York, New York; London, U.K.; Dublin, Ireland; Reigate, U.K.; Walnut Creek, California; and South Bend, Indiana. MRMS also has associates in other major U.S. cities as well as Cyprus, Latin America, Rome, and Sydney. Additional information about Moody's Risk Management Services and its RiskCalc line of products are available through its web site, www.moodysrms.com.

Moody's Investors Service is the leading provider of credit ratings, research and analysis covering debt instruments and securities in the global capital markets. The company, with offices in New York, Tokyo, London, Paris, Sydney, San Francisco, Frankfurt, Madrid, Mexico, Dallas, Toronto, Hong Kong, Singapore, Limassol, São Paulo and Milan, issues ratings on more than 100,000 corporate and 68,000 public finance debt securities issued by corporations and governments in more than 100 nations.

Moody's is one of the two entities of The Dun & Bradstreet Corporation, along with the D&B operating company, the world's leading provider of business-to-business credit, marketing and purchasing information, and receivable management services. The corporation employs 11,500 people in 37 countries, with reported 1999 revenue of $1.97 billion. Additional information about Moody's is available through its web site, www.moodys.com.

RiskCalc is a trademark of Moody's Risk Management Services, Inc.

New York
Mark Laudeman
 
Moody's Risk Management Services
Moody's Investors Service
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