Moody's Investors Service reported unaudited revenue results for the third quarter and nine months ended Sept. 30, 2009. For the quarter, the company reported revenue of $305.3 million against $296.8 million for the same period a year ago. For the quarter, the company reported revenue of $885.8 million against $950.8 million for the same period a year ago. The company now expects revenue for the full-year 2009 to decline in the low-single-digit percent range. Within the U.S., the company now expects MIS revenue to be about flat with the prior-year period. The company continue to expect MIS revenue outside the U.S. to decline in the mid-single-digit percent range. The company now expect corporate finance revenue for full-year 2009 to increase in the low-thirties percent range from full-year 2008, reflecting strong activity in both investment-grade and speculative-grade issuance. Revenue from financial institution ratings is still expected to decline in the mid-single-digit percent range, while revenue from public, project and infrastructure finance for the full-year 2009 is now expected to increase in the low-single-digit percent range.

AB Ukio bankas has taken decision to suspend cooperation with international rating agency 'Moody's Investors Service' due to the cost efficiency policy.

The U.S. District Court for the Northern District of California appointed a lead plaintiff in a securities fraud action brought against a financial services company. Purchasers from Wells Fargo Asset Securities Corp. of certain mortgage pass-through certificates, which are securities entitling the holder to income payments from pools of mortgage loans and/or mortgage-backed securities, sued Wells Fargo for violation of securities laws arising from misstatements contained in registration statements and prospectuses concerning the certificates. The plaintiffs, besides suing Wells Fargo as the issuer and custodian of the certificates, sued The McGraw-Hill Companies Inc., Moody's Investors Service Inc. and Fitch Inc. (the rating agency defendants) alleging the improper rating of the certificates. The case came before the district court on the defendants' motion for a change of venue and competing plaintiffs' motions for appointment of lead plaintiff. Under 15 U.S.C. §77(v)(a), plaintiffs are provided very broad alternatives in choosing a forum. Applicable precedent has held that the intent of the venue and jurisdiction provisions of the securities laws was to grant potential plaintiffs liberal choice in the selection of a forum, and unless the balance of factors is strongly in favor of the defendants, the plaintiff's choice should rarely be disturbed. Here, defendant Wells Fargo has its headquarters in San Francisco, over half of the loans at issue were produced in California offices and nearly half of the real property securing the loans at issue is located in California. Under these circumstances and after reviewing the additional relevant factors, the district court concluded that the plaintiffs' choice of California jurisdiction should not be disturbed.