Moody's Corporation Investor Presentation — November 2022

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November 10, 20223Q 2022 Investor Presentation3Q 2022 Investor Presentation 2

Certain statements contained inthisdocument 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 anduncertainties thatcould 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 in

thisrelease aremade asofthedate hereof, andMoody’s undertakes noobligation (nor does itintend) topublicly supplement, update orrevise such statements onagoing -forward basis, whether asaresult of

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

1995 ,Moody’s isidentifying certain factors thatcould cause actual results todiffer, perhaps materially, from those indicated bythese forward -looking statements .Those factors, risks anduncertainties include, but

arenotlimited totheimpact ofgeneral economic conditions, including inflation andrelated monetary policy actions bygovernments inresponse toinflation, onworldwide credit markets andeconomic activity and

itseffect 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 andonMoody’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 and

acquisition activity intheU.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 ;theimpact ofMIS’s withdrawal ofitscredit ratings onRussian entities andofMoody’s nolonger conducting commercial operations in

Russia ;concerns inthemarketplace affecting ourcredibility orotherwise affecting market perceptions oftheintegrity orutility ofindependent credit agency ratings ;theintroduction ofcompeting products or

technologies byother companies ;pricing pressure from competitors and/or customers ;thelevel ofsuccess ofnew product development andglobal expansion ;theimpact ofregulation asanNRSRO, thepotential