Shivani Kak | Head of IR |
Ray McDaniel | President & CEO |
Mark Kaye | CFO |
Rob Fauber | COO |
Manav Patnaik | Barclays |
Michael Cho | JPMorgan |
Alex Cram | UBS |
Toni Kaplan | Morgan Stanley |
Andrew Nicholas | William Blair |
Jeff Silber | BMO Capital Markets |
George Tong | Goldman Sachs |
Craig Huber | Huber Research Partners |
Shlomo Rosenbaum | Stifel |
Steven Chang | Cantor Fitzgerald |
Bill Warmington | Wells Fargo |
Good day, and welcome, ladies and gentlemen to the Moody's Corporation Fourth Quarter and Full Year 2019 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.