Moody's Corporation Investor Presentation — February 2022

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February 10, 2022Fourth Quarter and Full Year 2021

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

Head of Investor Relations

Fourth Quarter and Full Year 2021 -Earnings Call 3 Moody’s | Better decisionsCertain statements contained in this document are forward -looking statements and are based on future expectations, plans and pro spects for Moody’s business and operations that involve a number of risks and

uncertainties. The forward -looking statements in this document are made as of the date hereof, and Moody’s disclaims any duty to supplement, update or revise such statements on a going -forward basis, whether

as a result of subsequent developments, changed expectations or otherwise. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Moody’s is identifying certain

factors 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 Moody’s own operations and personnel; future worldwide credit market

disruptions or economic slowdowns, which could affect the volume of debt and other securities issued in domestic and/or globa l 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 intere st rates, inflation 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 abroad; 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 tariffs, tax agreements and trade barriers; concerns in the marketplace affecting our credibility or

otherwise affecting market perceptions of the integrity or utility of independent credit agency ratings; the introduction of competing products or technologies by other companies; pricing pressure from competitors

and/or customers; the level of success of new product development and global expansion; the impact of regulation as an NRSRO, the potential for new U.S., state and local legislation and regulations; the

potential for increased competition and regulation in the EU and other foreign jurisdictions; exposure to litigation related to our rating opinions, as well as any other litigation, government and regulatory