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1Q 2021 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% 80% 39% 44% 45% 43% 42% 43% 48% 56% 56% 61% 64% 62% 64% 63% 64% 61% 59% 59% 57% 53% 49% 52% 60% 60% 40% 40% 56% 61% 55% 57% 58% 57% 52% 20% 44% 44% 39% 36% 36% 38% 37% 36% 39% 41% 41% 20% 43% 47% 51% 48% 0% 0% 1Q19 2Q19 3Q19 4Q19 FY19 1Q20 2Q20 3Q20 4Q20 FY20 1Q21 1Q19 2Q19 3Q19 4Q10 FY19 1Q20 2Q20 3Q20 4Q20 FY20 1Q21 Revenue¹: Distribution by Product ABS RMBS CMBS Structured Credit Other 100% 1% 1% 1% 1% 1% 1% 1% 0% 0% 1% 1% 29% 80% 35% 37% 38% 35% 30% 26% 27% 32% 29% 33% 16% 17% 17% 60% 23% 18% 16% 21% 18% 18% 17% 19% 28% 27% 40% 23% 27% 23% 21% 21% 24% 22% 28% 23% 20% 23% 23% 24% 23% 23% 23% 28% 28% 29% 27% 22% 0% 1Q19 2Q19 3Q19 4Q19 FY19 1Q20 2Q20 3Q20 4Q20 FY20 1Q21 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 | Better decisions 1Q 2021 Investor Presentation 62

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