PIMCO Company & Revenue Opportunity Fund — Moody’s announces completion of a periodic evaluation of ratings of PIMCO Company & Earnings Prospect Fund

Announcement of Periodic Evaluation: Moody’s announces completion of a periodic critique of rankings of PIMCO Corporate & Income Possibility Fund

World Credit score Analysis – 22 Jan 2021

New York, January 22, 2021 — Moody’s Traders Assistance (“Moody’s”) has done a periodic evaluation of the scores of PIMCO Corporate & Earnings Prospect Fund and other rankings that are linked with the identical analytical device. The evaluation was executed by way of a portfolio overview discussion held on 13 January 2021 in which Moody’s reassessed the appropriateness of the scores in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to in the same way rated peers. The evaluation did not involve a ranking committee. Given that 1 January 2019, Moody’s apply has been to situation a push launch pursuing each periodic evaluation to announce its completion.

This publication does not announce a credit score action and is not an sign of no matter whether or not a credit history ranking action is probable in the around upcoming. Credit rating rankings and outlook/evaluation position cannot be transformed in a portfolio overview and that’s why are not impacted by this announcement. For any credit score rankings referenced in this publication, remember to see the rankings tab on the issuer/entity site on www.moodys.com for the most up-to-date credit score action details and ranking heritage.

Essential score concerns are summarized down below.

PIMCO Company & Cash flow Option Fund’s (NYSE: PTY) A2.sf rating demonstrates the fund’s comparatively small danger-adjusted asset protection ratio and pretty sturdy ability to support leverage expenses from recurring financial commitment income. At 31 Oct 2020, the fund’s hazard modified asset coverage stood at the A2 ranking degree and its annual mounted charge protection was close to 8 times internet financial investment cash flow. The regular credit profile of the fund’s multi-sector mounted income portfolio is supported by the common liquidity.

This document summarizes Moody’s check out as of the publication date and will not be current until eventually the upcoming periodic evaluate announcement, which will integrate product modifications in credit history instances (if any) throughout the intervening period of time.

The principal methodology utilized for this evaluate was Closed-End Funds Methodology posted in December 2020. Make sure you see the Rating Methodologies webpage on www.moodys.com for a duplicate of this methodology.

This announcement applies only to EU rated, United kingdom rated, EU endorsed and Uk endorsed scores. Non EU rated, non Uk rated, non EU endorsed and non United kingdom endorsed rankings may perhaps be referenced higher than to the extent needed, if they are portion of the exact analytical device.

This publication does not announce a credit score action. For any credit score scores referenced in this publication, make sure you see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit score rating action facts and rating background.

Neal M. Epstein, CFA VP - Senior Credit rating Officer Financial Establishments Team Moody's Buyers Company, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Company: 1 212 553 1653 Marc R. Pinto, CFA MD - Fiscal Institutions Economical Institutions Team JOURNALISTS: 1 212 553 0376 Shopper Company: 1 212 553 1653 Releasing Office: Moody's Traders Assistance, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Services: 1 212 553 1653

© 2021 Moody’s Corporation, Moody’s Buyers Services, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliate marketers (collectively, “MOODY’S”). All rights reserved.

Credit score Ratings ISSUED BY MOODY’S Credit history Ratings Affiliates ARE THEIR Present-day Views OF THE RELATIVE Long run Credit history Danger OF ENTITIES, Credit score COMMITMENTS, OR Financial debt OR Credit card debt-LIKE SECURITIES, AND Supplies, Items, Expert services AND Information and facts Printed BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) Might Involve These Current Thoughts. MOODY’S DEFINES Credit Chance AS THE Threat THAT AN ENTITY Could NOT Fulfill ITS CONTRACTUAL Fiscal OBLIGATIONS AS THEY Arrive Thanks AND ANY Believed Fiscal Reduction IN THE Occasion OF DEFAULT OR IMPAIRMENT. SEE Applicable MOODY’S Ranking SYMBOLS AND DEFINITIONS PUBLICATION FOR Information ON THE Varieties OF CONTRACTUAL Monetary OBLIGATIONS Dealt with BY MOODY’S Credit Rankings. Credit score Ratings DO NOT Tackle ANY OTHER Risk, Including BUT NOT Limited TO: LIQUIDITY Threat, Market Price Possibility, OR Rate VOLATILITY. Credit rating Rankings, NON-Credit history ASSESSMENTS (“ASSESSMENTS”), AND OTHER Opinions Incorporated IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF Existing OR Historical Reality. MOODY’S PUBLICATIONS Could ALSO Consist of QUANTITATIVE Product-Based ESTIMATES OF Credit Threat AND Connected Opinions OR COMMENTARY Printed BY MOODY’S ANALYTICS, INC. AND/OR ITS Affiliate marketers. MOODY’S Credit Rankings, ASSESSMENTS, OTHER Views AND PUBLICATIONS DO NOT Represent OR Present Expenditure OR Financial Assistance, AND MOODY’S Credit history Ratings, ASSESSMENTS, OTHER Opinions AND PUBLICATIONS ARE NOT AND DO NOT Offer Recommendations TO Obtain, Market, OR Keep Unique SECURITIES. MOODY’S Credit history Scores, ASSESSMENTS, OTHER Opinions AND PUBLICATIONS DO NOT Remark ON THE SUITABILITY OF AN Investment FOR ANY Particular Trader. MOODY’S Problems ITS Credit rating Scores, ASSESSMENTS AND OTHER Views AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND Comprehending THAT Each individual Investor WILL, WITH Thanks Treatment, MAKE ITS Possess Study AND Analysis OF Each Safety THAT IS Underneath Thing to consider FOR Invest in, Holding, OR SALE.


ALL Information and facts CONTAINED HEREIN IS Safeguarded BY Legislation, Which include BUT NOT Limited TO, COPYRIGHT Law, AND NONE OF These kinds of Facts May perhaps BE COPIED OR Normally REPRODUCED, REPACKAGED, More TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR Stored FOR SUBSEQUENT USE FOR ANY This kind of Reason, IN Whole OR IN Component, IN ANY Variety OR Method OR BY ANY Suggests In any respect, BY ANY Individual Without having MOODY’S PRIOR Written CONSENT.

MOODY’S Credit score Ratings, ASSESSMENTS, OTHER Viewpoints AND PUBLICATIONS ARE NOT Supposed FOR USE BY ANY Man or woman AS A BENCHMARK AS THAT Phrase IS Outlined FOR REGULATORY Applications AND Need to NOT BE Employed IN ANY WAY THAT COULD Consequence IN THEM Staying Viewed as A BENCHMARK.

All data contained herein is attained by MOODY’S from sources thought by it to be precise and dependable. Due to the fact of the risk of human or mechanical mistake as very well as other components, having said that, all facts contained herein is presented “AS IS” without guarantee of any type. MOODY’S adopts all necessary steps so that the details it works by using in assigning a credit rating is of enough quality and from resources MOODY’S considers to be reliable which includes, when appropriate, independent 3rd-party sources. On the other hand, MOODY’S is not an auditor and can not in each individual occasion independently validate or validate details obtained in the ranking approach or in getting ready its Publications.

To the extent permitted by legislation, MOODY’S and its administrators, officers, employees, agents, associates, licensors and suppliers disclaim legal responsibility to any particular person or entity for any oblique, specific, consequential, or incidental losses or damages in any respect arising from or in relationship with the info contained herein or the use of or lack of ability to use any these facts, even if MOODY’S or any of its administrators, officers, workers, brokers, associates, licensors or suppliers is advised in advance of the likelihood of these kinds of losses or damages, including but not confined to: (a) any decline of current or possible earnings or (b) any loss or harm arising where the suitable financial instrument is not the matter of a unique credit rating score assigned by MOODY’S.

To the extent permitted by law, MOODY’S and its directors, officers, workforce, brokers, reps, licensors and suppliers disclaim liability for any immediate or compensatory losses or damages brought on to any human being or entity, such as but not confined to by any negligence (but excluding fraud, willful misconduct or any other kind of liability that, for the avoidance of question, by legislation can not be excluded) on the aspect of, or any contingency inside or outside of the control of, MOODY’S or any of its administrators, officers, employees, agents, associates, licensors or suppliers, arising from or in link with the details contained herein or the use of or inability to use any these types of information and facts.

NO Warranty, Convey OR IMPLIED, AS TO THE Accuracy, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR Conditioning FOR ANY Certain Goal OF ANY Credit history Rating, Evaluation, OTHER Impression OR Facts IS Provided OR Manufactured BY MOODY’S IN ANY Variety OR Method By any means.

Moody’s Traders Assistance, Inc., a wholly-owned credit score rating company subsidiary of Moody’s Company (“MCO”), hereby discloses that most issuers of personal debt securities (together with corporate and municipal bonds, debentures, notes and business paper) and preferred inventory rated by Moody’s Buyers Provider, Inc. have, prior to assignment of any credit history ranking, agreed to shell out to Moody’s Investors Provider, Inc. for credit rating ratings thoughts and products and services rendered by it charges ranging from $1,000 to somewhere around $5,000,000. MCO and Moody’s Buyers Service also keep insurance policies and procedures to handle the independence of Moody’s Investors Services credit score scores and credit rating score processes. Info pertaining to selected affiliations that may perhaps exist in between directors of MCO and rated entities, and involving entities who keep credit history scores from Moody’s Buyers Assistance and have also publicly described to the SEC an possession desire in MCO of much more than 5%, is posted yearly at www.moodys.com beneath the heading “Investor Relations — Company Governance — Director and Shareholder Affiliation Coverage.”

Further phrases for Australia only: Any publication into Australia of this document is pursuant to the Australian Money Services License of MOODY’S affiliate, Moody’s Buyers Provider Pty Minimal ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as applicable). This document is intended to be offered only to “wholesale clients” inside of the that means of part 761G of the Corporations Act 2001. By continuing to accessibility this document from inside Australia, you depict to MOODY’S that you are, or are accessing the doc as a representative of, a “wholesale client” and that neither you nor the entity you signify will directly or indirectly disseminate this doc or its contents to “retail clients” in just the this means of area 761G of the Firms Act 2001. MOODY’S credit rating ranking is an belief as to the creditworthiness of a credit card debt obligation of the issuer, not on the equity securities of the issuer or any form of security that is accessible to retail investors.

Supplemental phrases for Japan only: Moody’s Japan K.K. (“MJKK”) is a wholly-owned credit score company subsidiary of Moody’s Team Japan G.K., which is wholly-owned by Moody’s Abroad Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan K.K. (“MSFJ”) is a wholly-owned credit score agency subsidiary of MJKK. MSFJ is not a Nationally Identified Statistical Rating Organization (“NRSRO”). Consequently, credit score ratings assigned by MSFJ are Non-NRSRO Credit Ratings. Non-NRSRO Credit history Rankings are assigned by an entity that is not a NRSRO and, for that reason, the rated obligation will not qualify for certain kinds of treatment method under U.S. legislation. MJKK and MSFJ are credit score score companies registered with the Japan Economic Services Agency and their registration quantities are FSA Commissioner (Rankings) No. 2 and 3 respectively.

MJKK or MSFJ (as applicable) hereby disclose that most issuers of credit card debt securities (including company and municipal bonds, debentures, notes and business paper) and chosen inventory rated by MJKK or MSFJ (as relevant) have, prior to assignment of any credit rating rating, agreed to pay out to MJKK or MSFJ (as relevant) for credit history scores viewpoints and companies rendered by it charges ranging from JPY125,000 to somewhere around JPY550,000,000.

MJKK and MSFJ also keep insurance policies and procedures to tackle Japanese regulatory prerequisites.