By downloading our media kit, you acknowledge that you have read the Terms of Use at www.moodys.com as well as the terms and conditions stated herein, understand them, and agree to be bound by them when downloading and using any of the Moody’s visual assets available for download on this Media Relations site (“Moody’s Visual Assets”). The Moody’s Visual Assets are the exclusive property of Moody’s Corporation, its affiliates and/or their licensors (collectively “Moody’s”) and, except as expressly provided herein, Moody’s does not grant any express or implied right in the Moody’s Visual Assets. Only journalists and members of the media (“Media Professional”) are permitted to download and use the Moody’s Visual Assets. Subject to your compliance with this license, Moody’s hereby grants you, Media Professional, a limited, revocable, non-sublicensable, non-transferable license to download and use the Moody’s Visual Assets solely in your reporting related to Moody’s. Use of the Moody’s Visual Assets must adhere to Moody’s brand guidelines. Any modification to the Moody’s Visual Assets is not permitted. Use of any Moody’s Visual Assets for commercial purposes is prohibited and may constitute trademark infringement, copyright infringement and unfair competition in violation of federal and state laws.