Moody's Corporation Investor Presentation — February 2021

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Fourth Quarter and Full Year 2020

February 12, 2021Fourth Quarter and Full Year 2020 -Earnings Call, February 2021 2 Moody’s | Better decisions

Head of Investor Relations

Fourth Quarter and Full Year 2020 -Earnings Call, February 2021 3 Moody’s | Better decisionsDisclaimer

Certain statements contained in this release are forward- looking statements and are based on future expectations, plans and pros pects for the business and operations of Moody’s Corporation (the “Company”)

that involve a number of risks and uncertainties. Such statements may include, among other words, “believe”, “expect”, “antic ipate”, “intend”, “plan”, “will”, “predict”, “potential”, “continue”, “strategy”, “aspire”,

“target”, “forecast”, “project”, “estimate”, “should”, “could”, “may” and similar expressions or words and variations thereof that convey the prospective nature of events or outcomes generally indicative of forward-

looking statements. The forward- looking statements and other information in this release are made as of the date hereof and the Company undertakes no obligation (nor does it intend) to publicly supplement,

update or revise such statements on a going- forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. In connection

with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying examples o f factors, risks and uncertainties that could cause actual results to differ, perhaps

materially, from those indicated by these forward- looking statements. Those factors, risks and uncertainties include, but are not limited to, the impact of COVID -19 on volatility in the U.S. and world financial

markets, on general economic conditions and GDP in the U.S. and worldwide, and on the Company’s own operations and personnel. Many other factors could cause actual results to differ from Moody’s outlook,

including credit market disruptions or economic slowdowns, which could affect the volume of debt and other securities issued in domestic and/or global capital markets; other matters that could affect the volume of

debt and other securities issued in domestic and/or global capital markets, including regulation, credit quality concerns, changes in interest rates and other volatility in the financial markets such as that due to

Brexit and uncertainty as companies transition away from LIBOR; the level of merger and acquisition activity in the U.S. and abr oad; the uncertain effectiveness and possible collateral consequences of U.S. and

foreign government actions affecting credit markets, international trade and economic policy, including those related to tari ffsand trade barriers; concerns in the marketplace affecting our credibility or otherwise