3Q 2023 Investor Presentation
$ Billions
Infrastructure Issuance¹; Public, Project & Infrastructure Revenue
MIS Revenue³: Mix by Year
$100
Global Issuance2: Mix by Quarter
■Global Infrastructure Finance Speculative-Grade Bonds
■Global Infrastructure Finance Investment-Grade Bonds
$80
$60
$7
$40
$4
$5
$1
$2
■Public Finance and Sovereign
$600
■Project & Infrastructure Finance
$ Millions
$400
$246
$277
$188
$213
$224
$234
$174
$206
$200
$3
$250
$202
$225
$218
$222
$244
$185
$197
$0
$3
2015
2016
2017
2018
2019
2020
2021
2022
$88
$1
$60
$56
$49
$43
$20
$40
$36
$61
■■Public Finance and Sovereign
4
MIS Revenue³: Mix by Quarter
■ Project & Infrastructure Finance
$45
$140
$120
$0
3Q21 4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
3Q23
$ Millions
$100
$69
$65
$65
$67
$77
$73
$80
$66
$48
$54
$60
$40
$61
$53
$58
$55
$52
$54
1.
Note: Debt issuance categories do not directly correspond to Moody's revenue categorization.
Total estimated market issuance, unless otherwise noted.
$20
$44
$49
$40
2.
Historical issuance data has been adjusted as of November 16, 2023, to conform with current information
using a single-third party source (Dealogic). Issuance figures are subject to amendment given face amount
variations that may occur following the reporting cycle.
$0
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
3Q23
3.
Historical data has been adjusted to conform with current information and excludes intercompany revenue.
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3Q 2023 Investor Presentation
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