Stephen Maire | Moody's Corp. |
Raymond W. McDaniel, Jr. | Moody's Corp. |
Linda S. Huber | Moody's Corp. |
Robert Fauber | Moody's Corp. |
Mark E. Almeida | Moody's Corp |
Toni M. Kaplan | Morgan Stanley & Co. LLC |
Peter P. Appert | Piper Jaffray & Co. |
Anjaneya K. Singh | Credit Suisse Securities (NYSE:USA) LLC |
Manav Patnaik | Barclays Capital, Inc. |
Jeffrey Marc Silber | BMO Capital Markets (United States) |
Craig Anthony Huber | Huber Research Partners LLC |
Joseph Foresi | Cantor Fitzgerald Securities |
Timothy J. McHugh | William Blair & Co. LLC |
Alex Kramm | UBS Securities LLC |
Vincent Hung | Autonomous Research US LP |
Conor Fitzgerald | Goldman Sachs & Co. LLC |
Shlomo H. Rosenbaum | Stifel, Nicolaus & Co., Inc. |
William A. Warmington | Wells Fargo Securities LLC |
Good day, and welcome ladies and gentlemen to the Moody's Corporation Fourth Quarter and Full Year 2017 Conference Call. At this time, I'd 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 would now like to turn the conference over to Mr. Steve Maire, Global Head of Investor Relations and Communications.