Consistent Historical Growth
10
100
1,000
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
$MM Log Scale
Log Shows Growth Rates
Revenue
Operating Income
Revenue and operating income for 1998 and prior years exclude FI
S,
which was divested in 1998.
Since 1985 Moody
’
s has had only one down revenue year (1994).
Years of decreased profitability occurred in 1989 and 1994
-
1995.
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