Investor Presentaiton

RD&A Growth Driven by Stronger Retention Subscription Sales Growth1 (constant currency) Full Year 2021 Full Year 2018 Full Year 2019 Full Year 2020 1. 95% 8% 8% 111% Retained Base Upgrades and Price New Sales Business Base Expansion of ratings coverage 94% 8% 9% 110% Production of insightful credit analysis Retained Base Upgrades and Price New Sales Business Base New customers in geographies with developing debt capital markets 96% 9% 5% 111% Retained Base Upgrades and Price New Sales Business Base 96% Retained Base Moody's | Better decisions 9% Upgrades and Price 5% New Sales 110% Business Base Expansion of data sets and delivery options Strong customer retention The sales growth attributions presented on this slide are related to RD&A subscription sales on a constant currency basis. Pre-2020 data excludes BvD. Upgrades reflect amendments to existing customer contracts. New Sales reflect new contracts with new and existing customers. 4Q & FY 2021 Investor Presentation 46 RD&A

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