Investor Presentaiton

$ Millions Historically, Moody's Revenue and Interest Rates Have Not Been Strongly Correlated MCO revenue and interest rates $7,000 7.8% $6,000 MIS Revenue (L) MIS Revenue Guidance MA Revenue (L) MA Revenue Guidance MCO Revenue (L) 10-yr U.S. Treasury Yield (R)1 $5,000 5.8% $4,000 +200bps 4.7% $3,000 $2,000 $1,000 $0 60 1994 1995 1996 1997 +180bps 1998 1999 Note: Gray bars reflect periods of significant increases in the 10-year Treasury Yield. Source: www.treasury.gov. Moody's | Better decisions 6.5% 2004 +100bps +120bps 3.3% 3.0% 2.3% 1.8% 9% 8% 7% 6% 5% 4% 3% 2% 0.9% 1% 0% 1. 10-yr U.S. Treasury Yields are represented by the rate at the end-of-period. 2. See press release titled "Moody's to Acquire RMS, Leader In Climate & Natural Disaster Risk" from August 5, 2021 for Moody's complete full year 2021 guidance. Includes assumptions related to RMS's conformity to Moody's accounting policies, as well as the estimated impact of acquisition accounting. 2Q 2021 Investor Presentation 71

View entire presentation