4Q and FY 2022 Investor Presentation
$ Millions
$ Millions
Public, Project and Infrastructure: Revenue and Issuance¹
Revenue²: Mix by Quarter
Issuance³: Mix by Quarter
■Public Finance and Sovereign
■ Project & Infrastructure Finance
Long-Term Rated U.S. Muni Bonds
■Rated Global Project & Infrastructure Finance Bonds
$200
$200
$150
$100
$76
$67
$69
$63
$65
$65
$67
$ Billions
$150
$59
$84
$60
$69
$91
$61
$76
$59
$100
$77
$48
$54
$50
$50
$110
$96
$103
$103
$96
$90
$92
$81
$58
$67
$63
$61
$53
$58
$55
$62
$44
$40
$0
$0
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
4Q20
1Q21
2Q21
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
Revenue²: Mix by Year
■Public Finance and Sovereign
■Project & Infrastructure Finance
Issuance³: Mix by Quarter
$600
■Long-Term Rated U.S. Muni Bonds
■Rated Global Project & Infrastructure Finance Bonds
$500
$800
$400
$246
$277
$300
$188
$213
$224
$234
$174
$206
$181
$200
$ Billions
$600
$321
$207
$266
$274
$243
$303
$400
$220
$100
$177
$202
$225
$218
$185
$222
$250
$244
$200
$197
$307
$364
$408
$384
$413
$398
$292
$339
$326
$0
$0
2014
2015
2016
2017
2018
2019
2020
2021
2022
2014
2015
2016
2017
2018
2019
2020
2021
2022
1.
Note: Debt issuance categories do not directly correspond to Moody's revenue categorization.
Total estimated market issuance, unless otherwise noted.
2.
Historical data has been adjusted to conform with current information and excludes intercompany revenue.
MOODY'S |
DECODE RISK. UNLOCK OPPORTUNITY.
3. Sources: Moody's Corporation, Refinitiv, Thomson Reuters. Global Rated Project & Infrastructure Finance available starting in 2016 and represents Moody's rated issuance. Issuance figures are subject to amendment given face amount
variations that may occur following the reporting cycle.
4Q and FY 2022 Investor Presentation
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