Investor Presentaiton

First Quarter Update1 MOODY'S INVESTOR DAY 2022 » Year-to-date issuance² significantly behind assumptions underlying our full-year outlook as of February 10, 2022 - - Limited opportunistic issuance given market volatility Investment grade issuance averaged -$2.5B per day, down from ~$4.5B in 2021 Over 15 days of no high yield issuance³ >> First time mandates strong and consistent with prior year >> Projecting first quarter rated issuance 2.4 and MIS revenue to contract by up to 40% and up to 30%, respectively, versus 1Q 2021 >> 1Q 2022 adjusted diluted EPS4,5 in the range of $2.50 to $3.00 Geopolitical Tensions » Increased disruption from Ukraine conflict » Evolving global sanctions >> Russian oil and gas export bans; higher energy prices Macroeconomic Conditions » Heightened financial market volatility and wider spreads Persistent inflation Global central bank rate increases 1. As compared to guidance provided in the press release titled "Moody's Corporation Reports Results for Fourth Quarter and Full Year 2021; Sets Full Year 2022 and Medium-Term Outlooks" from February 10, 2022. 2. MIS rated issuance through March 8, 2022, includes CFG, SFG, FIG and PPIF, and excludes sovereign debt issuance. 3. As of March 8, 2022. 4. Moody's outlook for first quarter 2022 reflects assumptions about numerous factors that could affect its business and is based on currently available information reviewed by management through and as of today's date. These assumptions, which are subject to increased uncertainty as a result of the crisis in Ukraine, include, but are not limited to, the effects of interest rates, inflation, foreign currency exchange rates, capital markets' liquidity and activity in different sectors of the debt markets, the scale and duration of the crisis in Ukraine including the imposition of economic sanctions, as well as the impact of COVID-19, including the responses to the pandemic by governments, regulators, businesses and individuals. This outlook also reflects assumptions about general economic conditions and GDP growth in the U.S. and Euro area, as well as the Company's own operations and personnel. 5. Adjusted diluted EPS is a non-GAAP measure. Refer to Slide 15 in the Appendix for a reconciliation of adjusted diluted EPS to U.S. GAAP. MOODY'S | DECODE RISK. UNLOCK OPPORTUNITY. Investor Day 2022 10

View entire presentation