Business Wire

Moody’s Provides $1 Million in Funding for COVID-19 Relief

Share

Moody’s Corporation (NYSE: MCO) today announced that it will fund a $1 million program of charitable donations and other support to help address the immediate and long-term impact of COVID-19. Moody’s will extend support to its existing philanthropic partners to help small businesses and education systems and reconfigure its employee volunteer programs to assist communities most affected by the pandemic.

“COVID-19 has caused unprecedented disruption to the health and economic security of people around the world,” said Raymond McDaniel, President and CEO of Moody’s Corporation. “Moody’s Corporation and our employees are committed to assisting organizations that are providing vital relief and recovery work in local communities during this difficult time.”

To help with urgent needs, Moody’s will provide $550,000 of funding for humanitarian aid to support global efforts to alleviate food insecurity, bolster healthcare systems, purchase medical supplies, and support research focused on containment and treatment. Funds will also be distributed to organizations involved in direct relief work in communities where Moody’s operates, including:

This funding builds on Moody’s $50,000 donation to Give2Asia in January, which helped provide health care workers with training and medical equipment to contain the spread of COVID-19 in China.

Moody’s will also increase support for its existing CSR program partners by pledging an additional $450,000 in unrestricted grants to address the impact of COVID-19 on small businesses and education systems. The company will also provide partners with pro bono resources to bolster their operations and support their transition to virtual programs.

In addition, Moody’s will be instituting a virtual employee volunteer program and reconfiguring its Moody’s Future Solutions™ program to allow employees to continue their community engagements while adhering to social distancing guidelines. The company also will match eligible employee donations to nonprofits responding to COVID-19 via its Matching Gifts Program.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

Moody’s builds toward a world where more people have access to opportunity, and where everyone has what they need to grow and thrive. We are committed to opening the door to brighter futures through our global corporate social responsibility programs connecting people around the world with the knowledge and resources they need to succeed. For more information visit moodys.com/csr.

Contact information

SHIVANI KAK
Investor Relations
212.553.0298
shivani.kak@moodys.com

JORDAN BRUECKNER
Communications
+1 212-553-7931
jordan.brueckner@moodys.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Esri to Provide Mapping Resources to WHO Member States1.4.2020 23:30:00 EESTPress release

Esri, the global leader in mapping and location intelligence, today announced they will provide a COVID-19 Response Package for Ministries of Health and Global Outbreak Alert and Response Network (GOARN) partners which will enable these organizations to have access to Esri’s geospatial platform and tools that can be used for reporting and analysis of cases and deaths, public health and response activities at the national level, in addition to managing testing sites, community activities and impact, and much more at the local level. “The intent of our partnership with WHO is about providing technology and capacity building to all the national and local Ministries of Health. Having integrated geospatial data and analytics is important to a comprehensive and dynamic response to the rapidly changing situation related to COVID-19. This is particularly true in low resource countries,” said Jack Dangermond, Esri founder and president. This contribution to the global COVID-19 response will sup

Jason Kilar Named CEO of WarnerMedia1.4.2020 19:00:00 EESTPress release

Media, entertainment and technology executive Jason Kilar has been named CEO of WarnerMedia, effective May 1. He will report to John Stankey, AT&T’s President and Chief Operating Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200401005550/en/ (Photo: Business Wire) Kilar, 48, previously was the founding CEO of Hulu and SVP at Amazon. “Jason is a dynamic executive with the right skill set to lead WarnerMedia into the future. His experience in media and entertainment, direct-to-consumer video streaming and advertising is the perfect fit for WarnerMedia, and I am excited to have him lead the next chapter of WarnerMedia’s storied success,” said Stankey. “Our team led by Bob Greenblatt, Ann Sarnoff, Gerhard Zeiler and Jeff Zucker has done an amazing job establishing our brands as leaders in the hearts and minds of consumers. Adding Jason to the talented WarnerMedia family as we launch HBO Max in May gives us the right ma

Verimatrix Introduces Embedded DRM to Offer Point-to-point Protection for Online and Offline Video Playback on Any Device1.4.2020 18:45:00 EESTPress release

Verimatrix, (Paris:VMX) (Euronext Paris: VMX), formerly known as Inside Secure, a global provider of innovative, customer-friendly cybersecurity solutions that protect video content, endpoint devices, software and applications, has officially introduced Verimatrix Embedded DRM, a new toolkit to support the implementation and integration of embedded video security solutions. Part of the Verimatrix Video Content Authority System (VCAS™), Verimatrix Embedded DRM offers point-to-point protection to address the gaps that occur when video content is delivered beyond the common TV, computer or mobile device connections. For example, premium content, such as Hollywood movies, require a secure connection all the way to a compliant display, such as a video player in an airplane connected to the video displays located in each passenger seat. Failure to encrypt the ‘handshake’ from the player to each display can be a compliance violation and a content protection gap. Playback devices that are not

FLIR Launches Smart Thermal Sensor Solution for Industrial Monitoring and Elevated Skin Temperature Screening1.4.2020 15:00:00 EESTPress release

FLIR Systems, Inc. (NASDAQ: FLIR) today announced the FLIR A400/A700 Thermal Smart Sensor and Thermal Image Streaming fixed camera solutions for monitoring equipment, production lines, critical infrastructure, and screening for elevated skin temperatures. These highly configurable smart camera systems provide accurate, non-contact temperature monitoring across a wide range of disciplines: manufacturing process control, product development, emissions monitoring, waste management, facilities maintenance, and Environmental, Health, and Safety (EHS) improvements. The FLIR A400/A700 Thermal Smart Sensor solution initially will be prioritized for those responding to COVID-19. For all applications, the series offers multi-image streaming, edge computing, and Wi-Fi connectivity to help speed data flow and enable faster decisions, improving productivity and safety for professionals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202004

Ilika Announces £15m Growth Placing to Support Solid-State Battery Commercialisation1.4.2020 13:48:00 EESTPress release

Ilika (AIM: IKA), a pioneer in solid-state battery technology, announces that it has successfully completed a £15m equity placing to support its growth strategy. Ilika is one of the few independent global experts in the design and manufacture of solid-state batteries. It launched its cm-scale Stereax technology for Industrial wireless sensors in 2016 and followed up with mm-scale micro-batteries for miniature medical devices in 2019. In response to demand from the automotive and consumer electronics sectors, with £5m grant support from the UK Government’s Faraday Battery Challenge Fund, it has extended its product roadmap to develop large-format Goliath pouch cells. Ilika currently produces its Stereax batteries on a pilot line in Southampton, UK. It now intends to implement a partnering model with one or more 3rd party fabrication facilities (fabs) to produce Stereax at scale. This equity placing will be used to purchase manufacturing equipment which Ilika will install in its selected

The European Web Hoster IKOULA Supports All Companies to Continue Operating during the Covid-19 crisis, by Offering Them Its Collaborative Work, Backup and Storage Solutions1.4.2020 13:22:00 EESTPress release

To help companies facing a temporary turndown in business because of the Covid-19, IKOULA rallies around its teams and provides them several tools, to support them and to help them to pursue their projects. "The current crisis in Europe is unprecedented, both in terms of health and economics," said Jules-Henri GAVETTI - President and co-founder of IKOULA. "As an SME, we know how it is important to stand together in such circumstances. Our baseline “we host with care “ makes sense more than ever. That’s why it was important for us to provide companies several tools, and thus help them to continue their business as smoothly as possible, while anticipating the recovery. " - Tools to back up your workstations In the current context, remote work is shaking up habits and behaviors. This can lead to forgetting to back up its files and may be a real risk for the company. To overcome this, IKOULA provides 5 GB of backup via its BaaS solution (Backup as A Service) IKOULA Cloud Backup by Acronis.

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom