Shivani Kak | Head of IR |
Ray McDaniel | President & CEO |
Mark Kaye | CFO |
Rob Fauber | COO |
Steve Tulenko | President of MA |
Mike West | President of MIS |
Alex Cram | UBS |
Michael Cho | JPMorgan |
Bill Warmington | Wells Fargo |
Andrew Nicholas | William Blair |
Toni Kaplan | Morgan Stanley |
George Tong | Goldman Sachs |
Jeff Silber | BMO Capital Markets |
Craig Huber | Huber Research Partners |
Manav Patnaik | Barclays |
Patrick O'Shaughnessy | Raymond James |
Good day, and welcome, ladies and gentlemen, to the Moody's Corporation First Quarter 2020 Earnings Conference Call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode. At the request of the company, we will open the conference up for question-and-answers following the presentation. I will now turn the conference over to Shivani Kak, Head of Investor Relations. Please go ahead, ma'am.