2Q 2023 Investor Presentation
How we Participate in Global Domestic Markets
ICR Chile
ICR
AN AFFILIATE OF MOODY'S
INVESTORS SERVICE
GCR South Africa Nigeria
Others
Chile
RATINGS
Malaysia MARC
MIS Emerging Markets Revenue¹
$343M
Mexico
MOODY'S
LOCAL
Argentina
Brazil
Peru
MERIS
Middle East Rating & Investors Service
Egypt
Midroog Israel
A SUBSIDIARY OF MOODY'S
ICRA
A MOODY'S INVESTORS
SERVICE COMPANY
India
Korea Investors Service South Korea
AN AFFILIATE OF MOODY'S INVESTORS SERVICE
$750 million
China
Size of domestic CRA markets
中诚信国际
CCXI
MIS affiliate (majority)
MIS affiliate (minority)
Moody's Local
Other Emerging Markets
CAGR
7%
$179 M
2012
2022
■Emerging Asia Latin America ■Middle East ■CEE/CIS Africa
Note: Size of pie represents the estimated total CRA revenue from domestic markets ($750 million) as of December 31, 2022.
Note: In April 2022, Moody's acquired Class y Asociados S.A. Clasificadora de Riesgo (Class), a leading credit rating agency in Peru. In May 2022, Moody's acquired a majority (51%) stake in Global Credit Rating Company Limited (GCR), a leading
credit rating agency in Africa. In Q2 2023, Moody's acquired SCRiesgo, a leading group of local credit rating agencies serving domestic financial markets in Central America and the Dominican Republic.
1. Includes revenue from cross border issuance. Refer to slide 19 titled "Debt Capital Market Penetration Continues" for regional definitions. Emerging Asia includes China and India.
Moody's
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2Q 2023 Investor Presentation
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