World’s Foremost Provider of Independent Credit Ratings, Indices, Risk Evaluation, Investment Research and Data Also Will Expand Operations in Hong Kong and Beijing to Serve China’s Growing Capital Market

SHANGHAI, Nov. 12 /PRNewswire-FirstCall/ — The McGraw-Hill Companies (NYSE: MHP), a global leader in financial services, education, and business information, today announced that Standard & Poor’s (S&P) is planning to establish a Greater China headquarters in Shanghai, underscoring the company’s commitment to supporting China’s growing capital markets, as well as Shanghai’s emergence as a leading global financial center. The company also plans to expand its existing teams in Hong Kong and Beijing to meet the growing needs of financial market participants in both internationally significant cities.

To support the needs of its growing and increasingly diverse customer base in China, the initial plans for S&P’s Shanghai operations include:  becoming an analytical hub for S&P’s credit ratings business in Greater China; establishing dedicated teams to provide financial risk management solutions to both the private and public sectors; establishing a strong local sales and customer service organization to work more closely with its clients in mainland China, and creating strong corporate functions, such as marketing, finance and human resources, to support the company’s business operations throughout the country.

S&P’s move underscores Shanghai’s Growing Significance as a Global Financial Center

BIIA Newsletter November – December 2009 Issue