3Q 2020 Investor Presentation
$ Millions
$ Millions
Public, Project and Infrastructure: Revenue and Issuance1
Revenue²: Mix by Quarter
■Public Finance and Sovereign
■Project and Infrastructure Finance
■ Other
$150
Issuance³: Mix by Quarter
■Long-Term Rated U.S. Muni Bonds Rated Global Project and Infrastructure Finance Bonds
$250
$100
$60
$69
$62
$62
$55
$52
$54
$49
$47
$ Billions
$200
$84
$150
$52
$114
$75
$50
$100
$57
$64
$64
$39
$51
$45
$42
$46
$53
$58
$65
$57
$64
$71
$129
$132
$50
$95
$95
$78
$74
$71
$79
$76
60
$0
$0
3Q18
4Q18
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20
3Q20
3Q18
4Q18
1Q19
2Q19
3Q19
4Q19
1Q20
2Q20 3Q20
■Public Finance and Sovereign
Revenue²: Mix by Year
■Project and Infrastructure Finance
■Other
Issuance³: Mix by Year
■Long-Term Rated U.S. Muni Bonds Rated Global Project and Infrastructure Finance Bonds
$500
$700
$400
$600
$188
$213
$224
$300
$174
$206
$142
$167
$181
$ Billions
$500
$400
$207
$266
$243
$220
$121
$200
$300
$200
$100
$202
$225
$364
$408
$384
$374
$218
$222
$313
$156
$181
$174
$177
$185
$302
$307
$292
$100
$248
$0
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2011
2012
2013
2014
2015
2016
2017
2018
2019
1.
Total estimated market issuance unless otherwise noted.
2.
Historical data has been adjusted to conform with current information and excludes intercompany revenue.
3. 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
3Q 2020 Investor Presentation - November 11, 2020
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