Moody's Corp. provides credit ratings, research, tools and analysis to the global capital markets. The company operates through two business segments: Moody's Investors Service (MIS) and Moody's Analytics (MA). The Moody's Investors Service segment is a credit rating agency, which publishes credit ratings on a wide range of debt obligations and the entities, including various corporate and governmental obligations, structured finance securities and commercial paper programs. This segment consists of four lines of business, including corporate finance, structured finance, financial institutions and public, project and infrastructure finance. The Moody's Analytics segment develops a wide range of products and services, which support financial analysis and risk management activities of institutional participants in global financial markets. This segment operates through three lines of business: Research, Data and Analytics (RD&A), Enterprise Risk and Professional Services. The Research, Data and Analytics business distributes research and data developed by MIS as part of its ratings process, including in-depth research on major debt issuers, industry studies and commentary on topical credit related events and also provides economic research and credit data and analytical tools such as quantitative credit risk scores. The Enterprise Risk business provides software solutions and related risk management services. The Professional Services business provides outsourced research and analytical services along with financial training and certification programs. The company also operates immaterial operating segment, which provides fixed income pricing services in the Asia-Pacific region. Moody's was founded in 1900 by John Moody and is headquartered in New York, NY.