Investor Presentaiton

RD&A Growth Driven by Stronger Retention Subscription Sales Growth1 (constant currency) First Half 2021 Full Year 2018 Full Year 2019 Full Year 2020 1. 94% 8% 7% 109% Retained Base Upgrades and Price New Sales Business Base CE 94% 8% 9% 110% Retained Base Upgrades and Price New Sales Business Base 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 ratings coverage Production of insightful credit analysis New customers in geographies with developing debt capital markets 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. 2Q 2021 Investor Presentation 46 RD&A

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