Exhibit (12)

McGraw Hill Financial, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in millions)

	Years ended December 31,
	2013			2012			2011			2010			2009
Earnings:
Income from continuing operations before taxes on income	$	1,346	1	$	1,130	2	$	1,000	3	$	943	4	$	876	5
Fixed charges 6	125			130			134			137			132
Total earnings	$	1,471		$	1,260		$	1,134		$	1,080		$	1,008
Fixed charges:6
Interest expense	$	62		$	81		$	86		$	89		$	89
Portion of rental payments deemed to be interest	62			48			47			47			42
Amortization of debt issuance costs and discount	1			1			1			1			1
Total fixed charges	$	125		$	130		$	134		$	137		$	132
Ratio of earnings to fixed charges:	11.8		x	9.7		x	8.5		x	7.9		x	7.6		x

¹ Includes the impact of the following items: $77 million pre-tax legal settlements, $64 million charge for Growth and Value Plan costs, a $36 million non-cash impairment charge related to the facilities and associated infrastructure of one of our data centers that we are in the process of selling, a $28 million restructuring charge in the fourth quarter primarily related to severance, $13 million related to terminating various leases as we reduce our real estate portfolio and a $24 million net gain from our dispositions.

² Includes the impact of the following items: $135 million charge for Growth and Value Plan costs, a $68 million restructuring charge, transaction costs of $15 million for our S&P Dow Jones Indices LLC joint venture, an $8 million charge related to a reduction in our lease commitments, partially offset by a vacation accrual reversal of $52 million.

³ Includes the impact of the following items: a $32 million restructuring charge and a $10 million charge for Growth and Value Plan costs.

⁴ Includes the impact of the following items: a $16 million charge for subleasing excess space in our New York facilities, an $11 million restructuring charge and a $7 million gain on the sale of certain equity interests at Standard & Poor's Ratings.

⁵   Includes the impact of the following items: a $14 million loss on the sale of Vista Research, Inc., an $11 million gain on the sale of BusinessWeek and a $4 million net restructuring charge.

⁶"Fixed charges" consist of (1) interest on debt and interest related to the sale leaseback of Rock-McGraw, Inc. (see Note 12 - Commitments and Contingencies to the consolidated financial statements under Item 8, Consolidated Financial Statements and Supplementary Data, in this Form 10-K), (2) the portion of our rental expense deemed representative of the interest factor in rental expense, and (3) amortization of debt issue costs and discount to any indebtedness.