Revenue and Issuance Analysis
$ Millions
Public, Project and Infrastructure: Revenue and
Issuance
Revenue: Mix by Quarter
Issuance²: Mix by Quarter
$140
$120
$0
$0
$0
$100
$0
$57
$0
$0
$0
$62
$80 $60
$56
$56
$46
$54
$47
A$60
$50
$40
$62
$49
$20
$47
$52
$53
$58
$45
$41
$46
$0
$250
$0
$200
$ Billions
$66
$150
$86
$75
$67
$71
$57
$100
$57
$39
$57
$127
$50
$95
$80
$82
$78
$74
$59
$71
$79
$0
3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19
■Public Finance and Sovereign
■ Project & Infrastructure Finance
■ Other
Revenue¹: Mix by Year
3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19
■Rated Global Project & Infrastructure Finance Bonds
■Long-Term Rated U.S. Muni Bonds
2Q19
3Q19
$500
$900
Issuance2: Mix by Year
$450
$0
$800
$400
$0
$0
$0
$700
$350
$0
$0
$188 $213
$600
$300
$0
$174
$206
$250
$142
$167
$181
$200
$113 $121
$ Billions
$500
$400
$207
$266
$220
$300
$150
$225
$100
$181
$202
$218
$159
$156
$174
$177
$185
$200 $374
$100
$408
$364
$384
$313
$302
$307
$248
$292
$50
$0
$0
I
T
T
2010
2010
2011
2012
2013
2014 2015 2016 2017 2018
■Public Finance and Sovereign
■Project & Infrastructure Finance
■ Other
2011 2012 2013 2014 2015 2016 2017 2018
■Rated Global Project & Infrastructure Finance Bonds
■Long-Term Rated U.S. Muni Bonds
1.
2.
Historical data has been adjusted to conform with current information and excludes intercompany revenue.
Global Rated Project & Infrastructure Finance available starting in 2016 and represents Moody's rated issuance.
Sources: Thomson SDC, Moody's Corporation. Note: Debt issuance categories do not directly correspond to Moody's revenue categorization.
MOODY'S
November 4, 2019
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