Investor Presentaiton

The Benefits of a Moody's Rating Investors seek Moody's opinions and particularly value the knowledge of its analysts and the depth of Moody's research Access to capital » Moody's opinions on credit are used by institutional investors throughout the world, making an issuer's debt potentially more attractive to a wide range of buyers » A Moody's rating may facilitate access to both domestic and international debt capital € Transparency, credit comparison and market stability >> Signals a willingness by issuers to be transparent and provides market participants with an independent assessment against which to compare creditworthiness » Moody's ratings and research reports may help to maintain investor confidence, especially during periods of market stress Responsive to investor demand » Moody's extensive investor outreach is one reason why Moody's is most frequently identified as the agency used most (when multiple agencies are used) and who have acknowledged our track record of accuracy Planning and budgeting » May help issuers when formulating internal capital plans and funding strategies Analytical capabilities » Among ratings advisors, Moody's enjoys a strong position and is well- recognized for the depth and breadth of its excellence² 1. 2019 Moody's Perception Study (Investors) conducted anonymously by Morpace / Stakeholder Advisory Services. 2. 2019 Moody's Global Intermediaries Perception Study conducted by Morpace / Stakeholder Advisory Services. Moody's | Better decisions 2Q 2021 Investor Presentation 29

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