2Q 2023 Investor Presentation

Full Year 2023 Forecast Raised on Constructive Market Conditions Total MIS-rated Issuance 1,2 Revenue1 Increase in the mid-single-digit percentage range 3 Increase in the high-single-digit percentage range $4.2T $2.7B 2022 2023F 2022 2023F Adjusted Operating Margin 1 51.8% 2022 55% -56% 2023F >> Strong 2Q performance and the improved full-year outlook reflect reduced market uncertainty around banking sector stress and the U.S. debt ceiling » Disciplined expense management: balancing operational efficiency with adequacy of resources to deliver quality mandates and ratings >> Now projecting 500 to 600 first-time mandates for full year 2023 Guidance as of August 3, 2023. Refer to Table 10 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results for Second Quarter 2023" from July 25, 2023, for a complete list of guidance, as well as assumptions used by the Company with respect to its guidance. Total issuance includes CFG, SFG, FIG and PPIF. MIS-rated issuance excludes sovereign debt issuance. Issuance figures are subject to amendment given face amount variations that may occur following the reporting cycle. 1. 2. 3. Moody's A previously posted version incorrectly showed billion instead of trillion. | Decode risk. Unlock opportunity. 2Q 2023 Investor Presentation 24

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