Diversifying the ratings revenue stream

78%

22%

Traditional

Non-Traditional

’94: 8%

’94: 92%

45-50%

50-55%

Non-Transaction

Transaction

’94: 60%

’94: 40%

U.S.

International

63%

37%

’94: 79%

’94: 21%

Note: Numbers on graphs represent 2005 actuals

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