2Q 2023 Investor Presentation
Constructive Markets Underpin Guidance Uplift
Investment Grade Issuance Grew in 2Q 2023
FY 2023 Issuance Guidance 1,2
Total Issuance
Investment Grade
High Yield Bonds
Leveraged Loans
Financial Institutions
Public, Project and
Infrastructure Finance
Structured Finance
(Mid-Teens %)
Mid-Single-Digit %
Mid-Single-Digit %
Approximately flat
Mid-Single-Digit %
As of April 25, 2023
As of July 25, 2023
-30%
~40%
1.
2.
Guidance as of August 3, 2023. Refer to Table 10 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results for Second Quarter 2023" from July 25, 2023, for a complete list of guidance, as well as assumptions used by
the Company with respect to its guidance.
Total issuance includes CFG, SFG, FIG and PPIF. MIS-rated issuance excludes sovereign debt issuance. Issuance figures are subject to amendment given face amount variations that may occur following the reporting cycle.
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2Q 2023 Investor Presentation
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