4Q and FY 2023 Investor Presentation
$ Millions
Structured Finance: Revenue
MIS Revenue1: Mix by Year
■ ABS
■RMBS
CMBS
Structured Credit Other
ABS
■RMBS
$600
$200
$2
MIS Revenue¹: Mix by Quarter
■CMBS
Structured Credit
Other
$450
$2
$2
$215
$4
$300
$78
$196
$2
$148
$3
$140
$129
$105
$102
$100
$98
$60
$ Millions
$150
$1
497
$67
$39
$1
$36
$1
$1
$1
$1
$38
$31
$34
$32
$34
$81
$32
$61
$29
$31
$27
$123
$14
$106
$92
$19
$14
$17
$15
$150
$98
$14
$95
$96
$50
$34
$35
$28
$25
$25
$22
$20
$22
$21
$118
$107
$116
$121
$99
$98
$0
2018
2019
2020
2021
2022
2023
$30
$32
331
$31
$32
$26
$27
$27
$30
$32
$0
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23 2Q23 3Q23
4Q23
Notes: ABS (asset-backed securitization) includes asset-backed commercial paper and long-term asset-backed securities. RMBS (residential mortgage-backed securitization) includes covered bonds. CMBS (commercial mortgage-backed securities)
includes commercial real estate CDOS. Structured Credit includes CLOS and CDOS.
Historical data has been adjusted to conform with current information and excludes intercompany revenue. The revenue reclassification of REITS to Corporate Finance from Structured Finance is reflected starting from 2018.
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4Q and FY 2023 Investor Presentation 59View entire presentation