Moody's Corporation Investor Presentation — July 2020

Document content

July 30, 2020Second Quarter 2020 -Earnings Call, July 2020 2

Head of Investor Relations

Second Quarter 2020 -Earnings Call, July 2020 3

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 growth in the U.S. and worldwide, and on the Company’s own operations and per sonnel. 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 uncertainty as companies transition away from LIBOR and Brexit; 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 t o tariffs 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 com peting products or technologies by other companies; pricing pressure from competitors