Moody's Corporation Investor Presentation — May 2022

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May 2, 2022First Quarter 2022 Earnings CallFirst Quarter 2022 -Earnings Call 2

Head of Investor Relations

First Quarter 2022 -Earnings Call 3

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

uncertainties .Theforward -looking statements inthisrelease aremade asofthedate hereof, andMoody’s disclaims anyduty tosupplement, update orrevise such statements onagoing -forward basis, whether

asaresult ofsubsequent developments, changed expectations orotherwise .Inconnection with the“safe harbor” provisions ofthePrivate Securities Litigation Reform Actof1995 ,Moody’s isidentifying certain

factors thatcould cause actual results todiffer, perhaps materially, from those indicated bythese forward -looking statements .Those factors, risks anduncertainties include, butarenotlimited totheglobal impact

ofthecrisis inUkraine onvolatility intheU.S.andworld financial markets, ongeneral economic conditions andGDP intheU.S.andworldwide, onglobal relations, anditspotential forfurther worldwide credit

market disruptions andeconomic slowdowns ;theimpact ofMIS’s withdrawal ofitscredit ratings onRussian entities andofMoody’s suspension ofcommercial operations inRussia ;theimpact ofCOVID -19on

world financial markets, ongeneral economic conditions andonMoody’s own operations andpersonnel ;future worldwide credit market disruptions oreconomic slowdowns, which could affect thevolume ofdebt

andother securities issued indomestic and/or global capital markets ;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 anduncertainty ascompanies transition away from LIBOR ;thelevel ofmerger andacquisition activity inthe

U.S.andabroad ;theuncertain effectiveness andpossible collateral consequences ofU.S.andforeign government actions affecting credit markets, international trade andeconomic policy, including those related

totariffs, taxagreements andtrade barriers ;concerns inthemarketplace affecting ourcredibility orotherwise affecting market perceptions oftheintegrity orutility ofindependent credit agency ratings ;the

introduction ofcompeting products ortechnologies byother companies ;pricing pressure from competitors and/or customers ;thelevel ofsuccess ofnew product development andglobal expansion ;theimpact of

regulation asanNRSRO, thepotential fornew U.S.,state andlocal legislation andregulations ;thepotential forincreased competition andregulation intheEUandother foreign jurisdictions ;exposure tolitigation