3Q 2023 Investor Presentation
How we Participate in Global Domestic Markets
GCR South Africa Nigeria Others
RATINGS
ICR Chile
ICR
Chile
AN AFFILIATE OF MOODY'S
INVESTORS SERVICE
Malaysia MARC
MIS Emerging Markets Revenue¹
$343M
Mexico
MOODY'S Argentina
LOCAL
Brazil
Peru
MERIS
Middle East Rating & Investors Service
Egypt
Midroog Israel.
A SUBSIDIARY OF MOODY'S
ICRA
A MOODY'S INVESTORS
India
SERVICE COMPANY
Korea Investors Service South Korea
AN AFFILIATE OF MOODY'S INVESTORS SERVICE
$750 million
China
Size of domestic CRA markets
中诚信国际
CCXI
MIS affiliate (majority)
MIS affiliate (minority)
Moody's Local
Other Emerging Markets
CAGR
7%
$179 M
2012
2022
■Emerging Asia Latin America ■Middle East ■CEE/CIS Africa
Note: Size of pie represents the estimated total CRA revenue from domestic markets ($750 million) as of December 31, 2022. In Q2 2023, Moody's acquired SCRiesgo, a leading group of local credit rating agencies serving domestic financial markets
in Central America and the Dominican Republic. In Q3 2023, Moody's launched Vietnam Investors Service And Credit Rating Agency Joint Stock Company (VIS Rating), a partnership between Moody's and leading Vietnamese financial institutions that
was initiated by the Vietnam Bond Market Association (VBMA). VIS Ratings will provide independent, credit rating services to domestic corporate issuers in Vietnam.
1.
Includes revenue from cross border issuance. Refer to slide 48 titled "Debt Capital Market Penetration Continues" for regional definitions. Emerging Asia includes China and India.
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3Q 2023 Investor Presentation
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