NEW YORK--(BUSINESS WIRE)--Moody's Corporation (NYSE:MCO) today announced that it has made a $50,000 donation to the American Red Cross through its philanthropic arm, The Moody’s Foundation, to support relief efforts for victims of Typhoon Haiyan (known locally as Typhoon Yolanda) in the Philippines and surrounding areas.
“Our thoughts are with the people of the Philippines and their families around the world as they begin to recover from his tragic event. We encourage everyone who is able to contribute to the relief and rebuilding effort,” said Frances Laserson, President of The Moody’s Foundation.
In addition, Moody’s is encouraging its employees to donate to the relief effort by offering to match the donations they make to eligible charity organizations via its matching gift program.
The American Red Cross is part of the global Red Cross/Red Cresent network, the world’s largest humanitarian network, with 13 million volunteers in 187 countries. The funds will be used to support Red Cross operations providing shelter, food, and emotional support in the Philippines.
The Moody’s Foundation and Moody’s employees around the world have previously supported disaster relief, such as for Hurricane Sandy, the 2011 Japan earthquake and tsunami, and the 2010 earthquake in Haiti.
For more information about The Moodys’s Foundation, please visit www.philanthropy.moodys.com.
ABOUT MOODY'S CORPORATION
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.7 billion in 2012, employs approximately 7,200 people worldwide and maintains a presence in 29 countries. Further information is available at www.moodys.com.