Investor Presentaiton

$ Millions $ Millions Structured Finance: Revenue and Issuance1 Revenue²: Mix by Quarter ABS ■RMBS ■CMBS ■Structured Credit ■ Other ■ ABS ■RMBS ■ CMBS ■Structured Credit $200 $180 $160 $500 $1 $400 $97 $140 $0 $0 $120 $67 $1 $300 $53 $57 $70 $1 $44 $59 $100 $60 $32 $0 $38 $31 $0 $80 $29 $31 $24 $23 $29 $200 $57 $43 $44 $41 $122 $21 $26 $22 $60 $25 $24 $25 $33 $22 $28 $17 $13 $15 $16 $85 $31 $22 $70 $92 $31 $13 $68 $40 $31 $34 $66 $26 $27 $23 $24 $22 $27 $100 $41 $65 $40 $139 $20 $25 $22 $23 $25 $28 $26 $33 $103 $29 $30 $66 $74 $89 $92 $102 $116 $107 $0 $0 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 Issuance³: Mix by Quarter ABS Revenue2: Mix by Year ■RMBS CMBS ■Structured Credit Other Issuance³: Mix by Year $600 ■ ABS ■RMBS ■CMBS ■Structured Credit $2 $1,400 $2 $2 $1,200 $2 $0 $2 $215 $258 $400 $165 $4 $135 $122 $196 $137 $148 $2 $105 $102 $122 $140 $133 $143 $78 $81 $61 $ Billions $1,000 $200 $153 $189 $800 $159 $136 $132 $115 $600 $114 $116 $145 $120 $106 $352 $117 $94 $88 $200 $270 $123 $98 $76 $81 $85 $90 $95 $96 $400 $238 $254 $283 $200 $204 $213 $200 $92 $91 $94 $97 $107 $99 $98 $118 $319 $292 $298 $337 $384 $464 $348 $321 $0 T $0 T 2014 2015 2016 2017 2018 2019 2020 2021 2014 2015 2016 2017 2018 2019 2020 2021 1. Total estimated market issuance unless otherwise noted. 2. 3. 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 1Q 2018. Sources: AB Alert, CM Alert, Moody's Corporation. Debt issuance categories do not directly correspond to Moody's revenue categorization. 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 includes commercial mortgage-backed securities and commercial real estate CDOS. Structured Credit includes CLOS and CDOS. Moody's | Better decisions 4Q & FY 2021 Investor Presentation 67

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