3Q 2023 Investor Presentation
$ Billions
Financial Institutions: Issuance¹ and Revenue
$600
Global Issuance 2: Mix by Quarter
■Global Speculative Grade Financial Corporate Bonds
■Global Investment Grade Financial Corporate Bonds
$400
$43
$22
$515
$18
$9
$11
$27
$18
$19
$ Millions
MIS Revenue³: Mix by Year
■Banking ■Insurance
■Managed Investments
Other
$10
$600
$36
$10
$13
$13
$12
$28
$145
$13
$25
$28
$400
$22
$25
$137
$9
$10
$119
$113
$16
$17
$102
$114
$96
$102
$200
$411
$355
$300
$290
$320
$337
$244
$240
$0
2015
2016
2017
2018
2019
2020
2021
2022
$12
$200
$333
$321
$291
$264
$218
$421
$356
$309
■Banking
MIS Revenue³: Mix by Quarter
■Insurance ■Managed Investments
Other
$200
$160
$2
$3
$3
$8
$3
$3
$3
$6
$10
$0
3Q21 4Q21
1Q22
2Q22 3Q22 4Q22
1Q23
2Q23 3Q23
$ Millions
$7
$4
$120
$38
$5
$8
$3
$31
$9
$33
$35
$34
$24
$6
$31
$24
$80
$105
$96
$100
$40
$89
$93
$97
$76
$79
1.
Total estimated market issuance, unless otherwise noted.
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. Debt issuance categories do not directly
correspond to Moody's revenue categorization.
$0
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
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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