Moody's Corporation (MCO) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.219 Good day, everyone, and welcome to the Moody's Corporation first quarter 2026 earnings 00:00:05.219 -- 00:00:09.705 call. At this time, I would like to inform you that this conference is being recorded 00:00:09.705 -- 00:00:13.230 and that all participants are in a listen-only mode. 00:00:13.230 -- 00:00:17.336 At the request of the company, we will open the conference up for questions and answers 00:00:17.336 -- 00:00:21.482 following the presentation. The call is scheduled to last approximately one hour. 00:00:21.482 -- 00:00:26.229 I will now turn the call over to Shivani Kok, head of investor relations. 00:00:26.229 -- 00:00:28.550 Please go ahead. 00:00:28.550 -- 00:00:30.312 Hello, and thank you for joining us today. 00:00:30.312 -- 00:00:33.996 I'm Shivani Kark, Head of Investor Relations at Moody's. 00:00:33.996 -- 00:00:37.781 This morning, we reported our first quarter 2026 results. 00:00:37.781 -- 00:00:43.167 The press release and today's presentation are posted at ir.moody's.com. 00:00:43.167 -- 00:00:47.692 For reference non-GAAP or adjusted measures, please see the tables in our earnings release 00:00:47.692 -- 00:00:52.718 for reconciliations to U.S. GAAP. Today's remarks may include forward-looking statements 00:00:52.718 -- 00:00:57.052 under the Private Securities Listigation Reform Act of 1995. 00:00:57.052 -- 00:01:01.016 Please see the safe harbor language in our earnings release and the risk factors and 00:01:01.016 -- 00:01:06.342 MD&A in our most recent form 10-K and other SEC filings available 00:01:06.342 -- 00:01:11.447 on our website and the SEC's website. These factors could cause actual results to differ 00:01:11.447 -- 00:01:14.390 materially from those expressed or implied. 00:01:14.390 -- 00:01:18....