Moody's Corporation (MCO) Q1 2023 Earnings Call Transcript

Moody’s Corporation (NYSE:MCO) Q1 2023 Results Conference Call April 15, 2023 12:30 PM ET

Company Participants

Shivani Kak - Head, IR

Rob Fauber - President and CEO

Mark Kaye - CFO

Conference Call Participants

Owen Lau - Oppenheimer

Andrew Nicholas - William Blair

Kevin McVeigh - Credit Suisse

Toni Kaplan - Morgan Stanley

Alex Kramm - UBS

Ashish Sabadra - RBC Capital Markets

George Tong - Goldman Sachs

Jeff Silber - BMO Capital Markets

Craig Huber - Huber Research Partners

Andrew Steinerman - JP Morgan

Faiza Alwy - Deutsche Bank

Jeff Meuler - Baird

Russell Quelch - Redburn

Manav Patnaik - Barclays

Simon Clinch - Atlantic Equities

Operator

Good day, everyone, and welcome to the Moody’s Corporation First Quarter 2023 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 questions and answers following the presentation.

I will now turn the call over to Shivani Kak, Head of Investor Relations. Please go ahead.

Shivani Kak

Thank you. Good afternoon, and thank you for joining us today. I’m Shivani Kak, Head of Investor Relations.

This morning, Moody’s released its results for the first quarter of 2023 as well as our revised outlook for select metrics for full year 2023. The earnings press release and the presentation to accompany this teleconference are both available on our website at ir.moodys.com.

During this call, we will also be presenting non-GAAP or adjusted figures. Please refer to the tables at the end of our earnings press release filed this morning for a reconciliation between all adjusted measures referenced during this call in U.S. GAAP.

I’d call your attention to the Safe Harbor language, which can be found towards the end of our earnings release. Today’s remarks may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In accordance with the act, I also direct your attention to the Management’s Discussion and Analysis section and the risk factors discussed in our annual report on Form 10-K for the year ended December 31, 2022, and in other SEC filings made by the Company, which are available on our website and on the SEC’s website. These, together with the Safe Harbor statement, set forth important factors that could cause actual results to differ materially from those contained in any such forward-looking statements. I would also like to point out that members of the media may be on the call this morning in a listen-only mode.