Moody's Corporation Investor Presentation — July 2022

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July 26, 2022Second Quarter 2022 Earnings CallSecond Quarter 2022 -Earnings Call 2

Head of Investor Relations

Second Quarter 2022 -Earnings Call 3

Certain statements contained inthisrelease areforward -looking statements andarebased onfuture expectations, plans andprospects forMoody’s business andoperations thatinvolve anumber ofrisks and

uncertainties .Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results oroutcomes todiffer materially from those contemplated,

expressed, projected, anticipated orimplied intheforward- looking statements .Stockholders andinvestors arecautioned nottoplace undue reliance onthese forward- looking statements .Theforward -looking

statements inthisrelease aremade asofthedate hereof, andMoody’s undertakes noobligation (nordoes itintend) topublicly supplement, update orrevise such statements onagoing- forward basis, whether

asaresult ofsubsequent developments, changed expectations orotherwise, except asrequired byapplicable laworregulation. Inconnection withthe“safe harbor” provisions ofthePrivate Securities Litigation

Reform Actof1995, Moody’s isidentifying certain factors that could cause actual results todiffer, perhaps materially, from those indicated bythese forward -looking statements .Those factors, risks and

uncertainties include, butarenotlimited totheimpact ofgeneral economic conditions, including inflation, onworldwide credit markets andeconomic activity anditseffect onthevolume ofdebt andother

securities issued indomestic and/or global capital markets ;theglobal impacts ofeach ofthecrisis inUkraine andCOVID -19onvolatility intheU.S.andworld financial markets, ongeneral economic conditions

andGDP intheU.S.andworldwide, onglobal relations, onMoody’s own operations andpersonnel ;other matters thatcould affect thevolume ofdebt andother securities issued indomestic and/or global

capital markets, including regulation, credit quality concerns, changes ininterest rates, inflation andother volatility inthefinancial markets ;thelevel ofmerger andacquisition activity intheU.S.andabroad ;the

uncertain effectiveness andpossible collateral consequences ofU.S.andforeign government actions affecting credit markets, international trade andeconomic policy, including those related totariffs, tax

agreements andtrade barriers ;theimpact ofMIS’s withdrawal ofitscredit ratings onRussian entities andofMoody’s suspension ofcommercial operations inRussia ;concerns inthemarketplace affecting our

credibility orotherwise affecting market perceptions oftheintegrity orutility ofindependent credit agency ratings ;theintroduction ofcompeting products ortechnologies byother companies ;pricing pressure