Moody’s and MSCI Announce a Strategic Partnership to Enhance
Transparency and Deliver Data-Driven Risk Solutions
NEW YORK – July 1, 2024 – MSCI Inc. (NYSE:MSCI) and Moody’s Corporation (NYSE:MCO) today
announced a groundbreaking strategic partnership agreement, leveraging each other’s strengths tobring greater transparency on ESG and sustainability to markets and power better decisions.
Moody’s will leverage MSCI’s sustainability data and models, which are used by the world’s largest
asset managers and asset owners. The agreement, entered into last week, includes MSCI’s
industry-leading ESG ratings and content, which measure a company’s management of financiallyrelevant ESG risks and opportunities. With access to MSCI data, Moody’s intends over time tomigrate its existing ESG data and scores to offering MSCI’s sustainability content through a range ofsolutions serving Moody’s customers in the banking, insurance and corporate sectors.
MSCI will gain access to Moody’s Orbis database, the world’s leading source of firmographic
information with data on more than 500 million entities, to extend its private company ESG
coverage. In addition, MSCI and Moody’s will explore solutions that leverage Moody’s privatecompany data and credit scoring models to provide greater insight into the private credit market.
“Moody’s is excited to partner with MSCI, a leader in solutions for the global investment community
and a pioneer in ESG and sustainability,” said Rob Fauber, President & CEO of Moody’s. “This is areal win-win, as Moody’s customers gain access to MSCI’s renowned ESG content and MSCI
customers will gain access to Moody’s world-class risk assessment expertise, data and insights.”“We are exceptionally pleased to partner with Moody’s to offer MSCI’s ESG and sustainability data
to Moody’s broad base of global customers.” said Henry A. Fernandez, Chairman and CEO of MSCI.
“Sustainability remains one of the most important trends reshaping the global investment
landscape, and the shift to private assets is another. This agreement will help MSCI expand ourprivate company ESG coverage and deliver enhanced solutions across client segments and asset
classes.”
The partnership does not impact Moody’s Ratings, the credit rating agency, which will continue toprovide transparency into the material impacts of ESG factors on its credit ratings through its
proprietary Credit Impact Scores and Issuer Profile Scores. Moody’s Ratings will also continue tooffer its sustainable finance offerings, including Second Party Opinions and Net Zero Assessments.
In addition, Moody’s remains committed to providing its market-leading climate solutions tocustomers.
The financial terms of the deal were not disclosed.
About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody’s (NYSE: MCO) data, insights, andinnovative technologies help customers develop a holistic view of their world and unlock
opportunities. With a rich history of experience in global markets and a diverse workforce ofapproximately 15,000 across more than 40 countries, Moody’s gives customers the comprehensive
perspective needed to act with confidence and thrive. Learn more at moodys.com.

About MSCIMSCI is a leading provider of critical decision support tools and services for the global investmentcommunity. With over 50 years of expertise in research, data, and technology, we power better
investment decisions by enabling clients to understand and analyze key drivers of risk and returnand confidently build more effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve transparency across the investment
process. To learn more, please visit www.msci.com.
Contacts
For Moody’s Investor Relations:Shivani Kak
Moody’s Corporation+1 212-553-0298
Shivani.Kak@moodys.com
For Moody’s Communications:
Michael Adler
Moody’s Corporation+1 347-225-7472
Michael.Adler@moodys.com
For MSCI Investor Relations:
Jeremy Ulan
MSCI+1 646 778 4184
jeremy.ulan@msci.com
Jisoo Suh
MSCI+1 212 804 1598
jisoo.suh@msci.com
For MSCI Communications:
pr@msci.com
Julie Mansmann
MSCI+1 917 815 6375
Calum MacDougall
MSCI+44 (0) 7876 836 759“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this document are forward-looking statements and are based on future
expectations, plans and prospects for Moody’s business and operations that involve a number of risks anduncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions anduncertainties that could cause actual results or outcomes to differ materially from those contemplated,expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors
are cautioned not to place undue reliance on these forward-looking statements. The forward-looking
statements and other information in this document are made as of the date hereof, and Moody’s undertakes
no obligation (nor does it intend) to publicly supplement, update or revise such statements on a goingforward 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, Moody’s is identifying certain factors that could cause actual results
to differ, perhaps materially, from those indicated by these forward-looking statements. These factors, risks
and uncertainties include, but are not limited to: the impact of general economic conditions (including
significant government debt and deficit levels, and inflation and related monetary policy actions bygovernments in response to inflation) on worldwide credit markets and on economic activity, including on thevolume of mergers and acquisitions, and their effects on the volume of debt and other securities issued indomestic and/or global capital markets; the uncertain effectiveness and possible collateral consequences of
U.S. and foreign government initiatives and monetary policy to respond to the current economic climate,including instability of financial institutions, credit quality concerns, and other potential impacts of volatility
in financial and credit markets; the global impacts of the Russia - Ukraine military conflict and the military
conflict in Israel and the surrounding areas on volatility in world financial markets, on general economic
conditions and GDP in the U.S. and worldwide, on global relations and on the Company's own operations andpersonnel; other matters that could affect the volume of debt and other securities issued in domestic and/orglobal capital markets, including regulation, increased utilization of technologies that have the potential tointensify competition and accelerate disruption and disintermediation in the financial services industry, as
well as the number of issuances of securities without ratings or securities which are rated or evaluated bynon-traditional parties; 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 andtrade barriers; the impact of MIS’s withdrawal of its credit ratings on countries or entities within countries
and of Moody’s no longer conducting commercial operations in countries where political instability warrants
such actions; concerns in the marketplace affecting our credibility or otherwise affecting market perceptionsof the integrity or utility of independent credit agency ratings; the introduction or development of competing
and/or emerging technologies and products; pricing pressure from competitors and/or customers; the levelof success of new product development and global expansion; the impact of regulation as an NRSRO, thepotential for new U.S., state and local legislation and regulations; the potential for increased competition
and regulation in the jurisdictions in which we operate, including the EU; exposure to litigation related to ourrating opinions, as well as any other litigation, government and regulatory proceedings, investigations andinquiries to which Moody’s may be subject from time to time; provisions in U.S. legislation modifying thepleading standards and EU regulations modifying the liability standards applicable to credit rating agencies
in a manner adverse to credit rating agencies; provisions of EU regulations imposing additional proceduraland substantive requirements on the pricing of services and the expansion of supervisory remit to include
non-EU ratings used for regulatory purposes; uncertainty regarding the future relationship between the U.S.
and China; the possible loss of key employees and the impact of the global labor environment; failures ormalfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or other cybersecurity
concerns; the timing and effectiveness of our restructuring programs, such as the 2022 - 2023 Geolocation
Restructuring Program; currency and foreign exchange volatility; the outcome of any review by tax authorities
of Moody’s global tax planning initiatives; exposure to potential criminal sanctions or civil remedies if
Moody’s fails to comply with foreign and U.S. laws and regulations that are applicable in the jurisdictions inwhich Moody’s operates, including data protection and privacy laws, sanctions laws, anti-corruption laws,
and local laws prohibiting corrupt payments to government officials; the impact of mergers, acquisitions,such as our acquisition of RMS, or other business combinations and the ability of Moody’s to successfully
integrate acquired businesses; the level of future cash flows; the levels of capital investments; and a decline
in the demand for credit risk management tools by financial institutions. These factors, risks anduncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ
materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking

statements are described in greater detail under “Risk Factors” in Part I, Item 1A of Moody’s annual report onForm 10-K for the year ended December 31, 2023, and in other filings made by the Company from time totime with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautionedthat the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results
to differ materially from those contemplated, expressed, projected, anticipated or implied in the forwardlooking statements, which could have a material and adverse effect on the Company’s business, results ofoperations and financial condition. New factors may emerge from time to time, and it is not possible for theCompany to predict new factors, nor can the Company assess the potential effect of any new factors on it.
Forward-looking and other statements in this document may also address our corporate responsibility
progress, plans, and goals (including sustainability and environmental matters), and the inclusion of suchstatements is not an indication that these contents are necessarily material to investors or required to bedisclosed in the Company’s filings with the Securities and Exchange Commission. In addition, historical,current, and forward-looking sustainability-related statements may be based on standards for measuring
progress that are still developing, internal controls and processes that continue to evolve, and assumptions
that are subject to change in the future.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to future events or to future financial
performance and involve known and unknown risks, uncertainties and other factors that may cause MSCI's
actual results, levels of activity, performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or implied by these statements. In somecases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,”“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or thenegative of these terms or other comparable terminology. You should not place undue reliance on forwardlooking statements because they involve known and unknown risks, uncertainties and other factors that are,in some cases, beyond MSCI’s control and that could materially affect actual results, levels of activity,
performance or achievements.
Other factors that could materially affect MSCI's actual results, levels of activity, performance orachievements can be found in MSCI’s Annual Report on Form 10-K for the fiscal year ended December 31,
2023 filed with the Securities and Exchange Commission (“SEC”) on February 9, 2024 and in quarterly reports
on Form 10-Q and current reports on Form 8-K filed or furnished with the SEC. If any of these risks or
uncertainties materialize, or if MSCI’s underlying assumptions prove to be incorrect, actual results may varysignificantly from what MSCI projected. Any forward-looking statement in this press release reflects MSCI’s
current views with respect to future events and is subject to these and other risks, uncertainties andassumptions relating to MSCI’s operations, results of operations, growth strategy and liquidity. MSCI
assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether
as a result of new information, future events, or otherwise, except as required by law.

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