3Q 2020 Investor Presentation
MOODY'S
$ Millions
Historically, Moody's Revenue and Interest
Rates Have Not Been Strongly Correlated
MCO Revenue and Interest Rates
$6,000
7.8%
$5,000
$4,000
MIS Revenue (L)
MIS Revenue Guidance
MA Revenue (L)
MA Revenue Guidance
MCO Revenue (L)
10-yr U.S. Treasury Yield (R)1
5.8%
$3,000
+200bps
4.7%
$2,000
$1,000
$0
90
1992
1993
1994
+180bps
Note: Gray bars reflect periods of significant increases in the 10-year Treasury Yield.
1. 10-yr U.S. Treasury Yields are represented by the rate at the end-of-period.
2. Guidance as of October 29, 2020.
Source: www.treasury.gov.
6.5%
2002
2003
+100bps
+120bps
3.3%
2.3%
1.8%
3.0%
2017
2018
2019
1.9%
2020F
3Q 2020 Investor Presentation - November 11, 2020 63
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%View entire presentation