3Q 2020 Investor Presentation

Structured Finance: Revenue Diversification Revenue¹: Distribution by Geography Non-U.S. ■U.S. Revenue¹: Distribution by Recurring vs. Transaction ■Transaction Recurring 100% 100% 80% 56% 62% 63% 63% 61% 64% 62% 64% 63% 64% 61% 80% 36% 37% 36% 44% 39% 45% 43% 42% 48% 57% 53% 60% 60% 40% 40% 64% 63% 64% 61% 20% 38% 37% 37% 39% 44% 56% 55% 57% 58% 36% 36% 38% 37% 36% 39% 52% 20% 43% 47% 0% 0% 3Q18 4Q18 FY18 1Q19 2Q19 3Q19 4Q19 FY19 1Q20 2Q20 3Q20 3Q18 4Q18 FY18 1Q19 2Q19 3Q19 4Q10 FY19 1Q20 2Q20 3Q20 Revenue¹: Distribution by Product ABS RMBS CMBS Structured Credit Other 0% 0% 0% 1% 1% 1% 1% 1% 1% 1% 0% 29% 30% 26% 27% 39% 41% 35% 37% 38% 35% 44% 16% 17% 23% 18% 18% 18% 17% 19% 13% 20% 16% 28% 27% 21% 19% 20% 23% 21% 21% 24% 22% 28% 22% 21% 22% 23% 23% 24% 23% 23% 23% 28% 28% 1. Historical data has been adjusted to conform with current information and excludes intercompany revenue. The revenue reclassification of REITS to Corporate Finance from Structured Finance is reflected starting from 1Q 2018. Notes: ABS (Asset Backed Securitization) includes asset-backed commercial paper and long-term asset-backed securities. RMBS (Residential Mortgage Backed Securitization) includes covered bonds. CMBS includes commercial mortgage- backed securities and commercial real estate CDOS. Structured Credit includes CLOS and CDOs. Percentages have been rounded and may not total to 100%. MOODY'S 3Q 2020 Investor Presentation - November 11, 2020 57

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