2Q 2020 Investor Presentation

$ Millions Historically, Moody's Revenue and Interest Rates Have Not Been Strongly Correlated MCO Revenue and Interest Rates $6,000 7.8% $5,000 MIS Revenue (L) MIS Revenue Guidance MA Revenue (L) MA Revenue Guidance IMCO Revenue (L) 10-yr U.S. Treasury Yield (R)1 $4,000 5.8% $3,000 +200bps 4.7% $2,000 $1,000 $0 40 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 July 30, 2020. Source: www.treasury.gov. MOODY'S 6.5% +100bps 3.3% 3.0% 2.3% 1.8% 2011 +120bps 9% 8% 7% 6% 5% 4% 3% 2% 1.9% 1% 2019 2020F² +0% 2Q 2020 Investor Presentation - August 11, 2020 55

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