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Press Release

Copal Amba changes name to Moody's Analytics and announces higher recruitment in Costa Rica

DECEMBER 12th 2016

·Company has been in the country for 10 years and provides consulting services to the main investment banks in the world

 San Jose, December 12, 2016. The multinational services company, Copal Amba announced the definitive change of name to Moody's Analytics Knowledge Services, while announcing a greater recruitment for its operations in the country.

The name change was announced globally and this is due to Copal Amba being acquired years ago by Moody's Analytics. Copal Amba is a company dedicated to Stock and Bond Research, Investment Banking, Mergers and Acquisitions, Business Intelligence Analysis, Financial Risk Analysis and Planning.

Alexander Mora, Minister of Foreign Trade said: "The services sector is fundamental for the future diversification of the Costa Rican economy. Costa Rica has created a highly sophisticated and competitive services ecosystem. In the financial services analysis category, where Moody's Analytics belongs, the country has highly qualified human resources, the necessary connectivity infrastructure, appropriate location and growing experience. These services are of high value added so we are proud to be the partner country selected by this renowned firm with global operations. I reiterate, on behalf of the Government of the Republic, our serious commitment to continue working to create and maintain the right conditions for this successful operation. "

Miriam Manrique, Director of Moody's said "We are expanding our services, customers and geographic reach, adding high value added processes such as: Risk analysis, quantitative services, compliance, loan analysis for commercial banks and analytics, we are also entering new markets like Brazil and other countries in South America, apart from Asia, North America and Europe in which we already operate. So we plan to generate 50 additional jobs in 2017. "

Manrique added, "We have achieved excellent results in Costa Rica, in the last ten years providing high value added services to extremely demanding clients, such as the world's leading investment banks, due mainly to the talent we have been able to recruit and train. We have brought Wall Street to Costa Rica and we have been successful in the process. Therefore, given the trust of a company like Moody's in the country and its talent, the objective is to continue hiring highly qualified personnel and growing the operation. "

For Jorge Sequeira, managing Director of CINDE, "Moody's is a prestigious global company that provides high value added services to companies around the world. The fact that Costa Rican human talent is well valued by this company means that they continue to grow in the country, which also demands that we continue to contribute more quality to the human talent we form day by day. "

Those interested in applying for a position in this company can apply directly with the Human Resources Department of Costa Rica to the following email sofia.viquez@moodys.com

They will also be recruiting for investment analysis training throughout 2017, for which they will offer about 150 scholarships (the approximate value is $ 1,500). This training consists of training attendees on topics of analysis of actions, models and financial reports, as well as developing analytical skills and is taught for two weeks of full time.

About Moody’s

Moody's is an essential component of capital markets globally, providing credit ratings, research, tools and analysis that contribute to the transparency and integration of financial markets. Moody's Corporation (NYSE: MCO) is the umbrella of Moody's Investment Services, which provides credit ratings and research on debt and insurance instruments. Moody's Analitycs offers state-of-the-art software solutions, advisory and research services for credit and economic analysis, as well as financial risk management. The corporation reported earnings of $3.5 billion in 2015, employs approximately 10,900 people globally and has a presence in 36 countries.