3Q 2023 Investor Presentation
Updated Full Year 2023 Forecast
Total MIS-rated Issuance 1,2
Revenue1
Increase in the low
to mid-single-digit
3
$4.2T
percentage range
Increase in the mid
to high-single-digit
percentage range
$2.7B
2022
2023F
2022
2023F
Adjusted Operating Margin 1
51.8%
~ 55.0%
2022
2023F
» FY 2023 guidance updated to reflect market uncertainty
» Now projecting approximately 500 first-time mandates for the year
>> Disciplined expense management: balancing operational efficiency with adequacy of resources to deliver quality mandates and ratings
Guidance as of October 25, 2023. Refer to Table 11 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results for Third Quarter 2023" from October 25, 2023, for a complete list of guidance, as well as assumptions used
by the Company with respect to its guidance.
Total issuance includes CFG, SFG, FIG and PPIF. MIS-rated issuance excludes sovereign debt issuance. Issuance figures are subject to amendment given face amount variations that may occur following the reporting cycle.
1.
2.
3.
A previously posted version incorrectly showed billion instead of trillion.
Moody's |
Decode risk. Unlock opportunity.
3Q 2023 Investor Presentation
34View entire presentation