1Q 2021 Investor Presentation
$ Billions
Leveraged Loans and High Yield Bonds Led the Strongest
First Quarter Issuance in a Decade
MIS Rated Issuance – Historical First Quarters
2,000
-
1Q 2021 Issuance Year-Over-Year Growth
1,500
1,000
500
$-1,300
23%
1Q 1Q 1Q 1Q
2011 2012 2013 2014
1Q 1Q 1Q 1Q 1Q 1Q 1Q
2015 2016 2017 2018 2019 2020 2021
Total MIS Rated Issuance
Prior 10 Yr Avg. 1Q Issuance (2011-2020)
Note: MIS rated issuance, excludes sovereign debt issuance. Issuance figures displayed in billions, except for year-over-year growth calculations.
Moody's | Better decisions
Leveraged Loans
High Yield Bonds
Structured Finance
Financial Institutions
6%
Public, Project and
Infrastructure Finance
Investment Grade
-10%
1%
67%
94%
85%
1Q 2021 Investor Presentation 18View entire presentation