annual report 2020

Providing trusted insights and standards that help decision makers act with confidence
Raymond W. McDaniel, Jr.
Chairman of the Board

The ability to adapt to uncertain and highly changeable conditions is a testament to the character and values of Moody’s and the more than 11,000 employees who represent the company around the world.

Chairman’s Letter

It seems a gross understatement to characterize 2020 as an unprecedented year. The effects of the global pandemic, multiple natural disasters and significant resulting economic hardship were compounded by events such as Brexit in the UK and racial injustice in the US. These events exposed polarized divisions and forced reexamination of how the societies in which we live interact. Stepping back and taken holistically, we can see clearly how these and many other risk events interrelate.

Even in this highly challenging environment, Moody’s achieved substantial success. The ability to adapt to uncertain and highly changeable conditions is a testament to the character and values of Moody’s and the more than 11,000 employees who represent the company around the world. It speaks to the resiliency of our diverse organization as connected members of a community and to Moody’s long-term strategies, which encourage us to focus on customers’ needs in the most challenging of times. I’m proud and grateful for the commitment of our workforce as they adapted throughout the year.

One urgent example of the connectedness of global events is climate change. Moody’s has taken important steps to bring environmental, social and governance (ESG) considerations into the center of our business. We have made robust progress on climate commitments and performance, and have enhanced our external sustainability profile. We will be the first S&P 500 company to affirm the principles outlined in the “Say on Climate” campaign, where stockholders will vote on the company’s decarbonization plan at our upcoming Annual Meeting. ESG and climate change considerations are critical to managing risk and seizing opportunities in today’s global capital markets and Moody’s is committed to systemically and transparently integrating ESG considerations into our credit ratings and risk management solutions. In fact, a detailed discussion of ESG considerations is now included in all our rating committees.

As Directors, we recognize our responsibility to work with Moody’s management to ensure that stockholders’ and other stakeholders’ interests are being heard. Increasingly, our focus has also moved to positioning the company appropriately on issues of social justice and racial equity. We are proud to be recognized for our efforts by the Human Rights Campaign, the Bloomberg Gender Equality Index, Financial Times, Working Mother and many others.

Moody’s recently introduced the new Multicultural Customer Initiative, a collaboration across the enterprise to help multicultural institutions grow and prosper with the aid of our expertise, products and services. The company has conducted outreach with several community development financial institutions in the US who promote economic revitalization within distressed communities. As a first step, Moody’s has placed cash deposits with two Black-owned banks, City First Bank and Carver Federal Savings Bank, to help them support the communities they serve. This work also complements the Supplier Diversity initiative, aimed at providing equal access to all companies seeking to conduct business with Moody’s.

I’m incredibly proud of how far we’ve come, but we still have work to do, and no one is more able to accelerate our growth priorities than Rob Fauber, Moody’s new President and Chief Executive Officer. Rob’s record of achievement during his 15 years at the company, combined with his deep knowledge of our businesses and the needs of our customers, make him the ideal leader to take Moody's into its next chapter. Since joining Moody's in 2005, he has shown himself to be an innovative, strategic and results-oriented leader. He has also shown himself to be someone who cares deeply about our people.

Rob has grown with the company and served in multiple senior leadership roles, most recently as Chief Operating Officer, where he had responsibility for Moody’s Investors Service and Moody’s Analytics, as well as strategy and marketing for the corporation. Having worked closely with him for many years, I firmly believe that he will continue to enhance our strengths while championing collaboration, innovation and efficiency across the company. Moody's future is in excellent hands.

I must also take this opportunity to acknowledge and thank my predecessor and mentor, Henry McKinnell Jr., Ph.D., for his years as Chairman. Hank’s leadership of the Board has been fundamental to the success of our company and his wise counsel helped us navigate such fundamental events as taking Moody’s public in 2000, managing through the financial crisis, and of course most recently performing through the Covid-19 pandemic. I would also like to recognize and thank Basil Anderson, who served this Board with distinction for 17 years and whose perspective and insight was invaluable to our strategic thinking and growth plans. The combined wisdom and experience provided by Hank and Basil will be greatly missed. Again, thank you both.

In closing, I am very appreciative of our stockholders, many of whom have supported the company for more than a decade. I’m grateful to our Directors for their collective insight, and I welcome Lloyd Howell to our Board as the newest Director. I want to congratulate Moody’s management for their leadership and focus, and the employees for their exemplary commitment to each other and to customers. In a world of rapidly evolving challenges, Moody’s remains well-positioned to turn those challenges into opportunities in 2021 and beyond.

Raymond W. McDaniel, Jr.
CHAIRMAN OF THE BOARD
Rob Fauber
President & Chief Executive Officer

We rose to the challenge, and today we are executing against a clear strategic vision for our future as a global integrated risk assessment business guided by the evolving needs of our customers.

CEO’s Letter

It’s my privilege and honor to write to you for the first time as Moody’s President and Chief Executive Officer. I am deeply appreciative of Ray McDaniel’s leadership and contributions over his nearly 34 years at Moody’s and grateful to begin my tenure having inherited the leadership of a company that plays a critically important role in the world and which is in a strong position for growth, with a bright future.

Our purpose as a company is to provide knowledge, clarity and fairness to an interconnected world, and no year has tested that purpose more than 2020. We rose to the challenge, and today we are executing against a clear strategic vision for our future as a global integrated risk assessment business guided by the evolving needs of our customers. Our values and our culture are the bedrock of our success, and I am excited and optimistic about our future growth and evolution.

Reflecting on a Year of Unprecedented Challenges

2020 was an exceptionally difficult year in many ways, but one in which we really delivered for our employees, our customers, our stockholders and our communities. I couldn’t be more proud of our employees and their dedication and resilience in adapting to the pandemic and the immense changes it brought for all of us and for our customers. I am especially proud of the way our people, in more than 40 countries, pivoted seamlessly to remote work while keeping our customers’ needs at the core of what we do. Through it all, we have supported and cared for each other, with a range of new programs focusing on employee well-being, development and engagement.

As the pandemic unfolded, our customers looked to our expertise and our insights to help them navigate this challenging and uncertain environment. Early on, Moody’s Investors Service (MIS) took a measured and thoughtful approach to ratings – and conducted extensive engagement to assist issuers, investors, regulators and the market in understanding that approach. Throughout 2020, MIS played a vital role in the continued efficient functioning of global debt capital markets, rating more than $5.5 trillion in global debt issuance. We pivoted to virtual engagement, resulting in greater customer interaction that ultimately translated to a 300% increase in attendance at Moody’s events in 2020.

As our customers’ needs evolved, Moody’s Analytics (MA) continued its product innovation, including the launch of our Know Your Supplier portal to support hospital procurement of Covid-19 supplies; the development of our award-winning QUIQspread™ platform, which automates manual financial statement spreading; and the integration of RDC’s risk data into our vast Orbis entity data platform, creating a market-leading one-stop shop for mission-critical Know Your Customer risk assessment.

In 2020, we expanded our capabilities in important domains and extended our reach in key markets through a series of acquisitions and investments. We also brought our environmental, social and governance (ESG) and climate capabilities together in the newly formed ESG Solutions Group, aligning our efforts across the firm in this critically important area.

The efforts of our employees and their focus on our customers translated into a year of financial success for our stockholders, with Moody’s revenue up 11% to $5.4 billion and adjusted diluted EPS growth of 22%. MIS revenue grew an impressive 15% on the strength of global debt issuance activity and comprehensive coverage of global debt capital markets. MA had another strong year, growing 6% as usage of MA’s products reached an all-time high, supported by strong retention rates. Together, this performance speaks to the value of our products in helping our customers make better decisions, particularly during challenging times.

A Commitment to Our Communities

As the purpose of corporations evolves, we understand that our success must be a shared success. In 2020, we enhanced the support we provided to those in need and raised the bar for our environmental stewardship. We made an $11 million contribution to the Moody’s Foundation to advance its work empowering people with the financial knowledge, resources and confidence they need to create a better future and to reach their potential. The events of the past year have also underscored the importance of a strong commitment to diversity and inclusion, both internally and externally. This past year, we launched a number of diversity, equity and inclusion initiatives across our company and within the communities where we operate, including $2 million in commitments supporting equal justice and educational opportunities. We are very proud to have been recognized once again for our efforts in the Bloomberg Equality Index, Diversity Inc’s Top 50 List, and as a leader for LGBTQ inclusion in the Human Rights Campaign’s Corporate Equality Index for the tenth consecutive year.

We are also taking decisive action to promote environmental sustainability and address climate change. In 2020, we established clear environmental commitments relating to science-based targets for reducing our greenhouse gas emissions, procuring 100% renewable energy and expanding our carbon neutrality plans. We were the first S&P 500 company to join the “Say on Climate” campaign, and our actions achieved strong validation as Moody’s earned a prestigious “A List” ranking from CDP.

Looking Forward

Looking forward, organizations face a complex, inter-linked world of risks and varied stakeholders. Covid-19 has further accelerated the digitization of manual processes across the financial sector and highlighted the importance of resilience and scenario planning. Organizations are managing many new risks, from ESG to climate, to cyber, to financial crime. They are seeking a more holistic, 360-degree view of risk – who they are connecting to and who they are doing business with. There are significant financial and reputational impacts for not managing these risks effectively and customers are looking for trusted partners who have the scale, rigor and capabilities to help them make better decisions about a wide range of risks.

As CEO, I am focused on three key areas to meet these market needs and realize our full potential as a global integrated risk assessment business: First, sharpening our understanding of how our customers’ needs are evolving, and delivering solutions that can draw on the breadth and depth of our capabilities. Second, investing with intent to grow and scale, deepening and extending our presence in new and expanding risk assessment markets, as we have done successfully in the Know Your Customer space. Third, collaborating, modernizing and innovating with a focus on technology interoperability and data access that allows our customers to maximize our data, analytic and technology capabilities. And of course, all of this is underpinned by supporting and developing our people so that we have the skills and culture needed to drive our business forward.

For the last year, we have referred to Moody’s as an integrated risk assessment business. Today, we serve a range of risk assessment use cases and end-markets collectively worth more than $35 billion per year. Our largest risk assessment business is MIS, which serves fixed income issuers and investors as an integral component of global debt capital markets. And, as Moody’s has evolved, we can now help customers make better decisions about everything from customer onboarding to commercial lending to sustainable investing, and much more.

Increasingly, we are combining our data, analytics and insights with our deep domain expertise and technology enablement to provide our customers solutions for identifying, measuring and managing risk. We continue to invest in these datasets and analytics capabilities, which are increasingly important across a growing number of risk assessment use cases and markets.

2020 was a record year for Moody’s and a strong validation of the value we provide. I am focused on delivering on our mission of providing trusted insights and standards to help decision-makers act with confidence. We will put our customers and stakeholders front and center in what we do and how we do it. On behalf of everyone at Moody’s, I extend my sincere thanks to our stockholders and our customers for their support. With the passion, agility and drive our employees have shown in these difficult times, and a clear vision for our future, we are positioned for even greater success in 2021 and beyond.

Rob Fauber
president & Chief executive officer

Financial Highlights

2020 revenue mix
Notes: Refer to "Non-GAAP Financial Measures" in Item 7 of Moody's 2020 Form 10-K for a discussion of the Company's non-GAAP financial measures.
The decline in free cash flow in 2017 was primarily due to a settlement with the U.S. Department of Justice and the attorneys general of 21 U.S. states and the District of Columbia

Leadership & Corporate Info

DIRECTORS

Raymond W. McDaniel, Jr.
(4*)
Basil L. Anderson
(1,2,3)
Jorge A. Bermudez
(1,2,3)
Thérèse Esperdy
(1,2,3)
ROBERT FAUBER
(4)

President & Chief Executive Officer
Moody’s Corporation
Director since October 2020

Robert Fauber, age 50, has served as the Company’s President and Chief Executive Officer since January 2021. Mr. Fauber joined the Board of Directors in October 2020 and he currently serves on the Executive Committee of the Board of Directors. Prior to serving as CEO, Mr. Fauber served as Chief Operating Officer from November 2019 to December 2020, as President of Moody’s Investors Service, Inc. from June 2016 to October 2019, as Senior Vice President—Corporate & Commercial Development of Moody’s Corporation from April 2014 to May 2016, and was Head of the MIS Commercial Group from January 2013 to May 2016. From April 2009 through April 2014, he served as Senior Vice President—Corporate Development of Moody’s Corporation. Mr. Fauber served as Vice President—Corporate Development from September 2005 to April 2009. Prior to joining Moody’s, Mr. Fauber served in several roles at Citigroup and its investment banking subsidiary Salomon Smith Barney from 1999 to 2005. From 1992 to 1996, Mr. Fauber worked at NationsBank (now Bank of America) in the middle market commercial banking group.

Mr. Fauber, who is both President and Chief Executive Officer of the Company, brings to the Board a wealth of experience in the financial services industry as well as an in-depth understanding of the operational and the strategic considerations for the Company.

Vincent A. Forlenza
(1,2*,3,4)

Lead Independent Director
Moody’s Corporation
Retired Chief Executive Officer
Becton Dickinson
Director since April 2018

Vincent A. Forlenza, age 67, is the Lead Independent Director, Chairman of the Governance & Nominating Committee, and a member of the Audit, Compensation & Human Resources and Executive Committees of the Board of Directors. He has served as a director of Becton, Dickinson and Company (“BD”), a global medical technology company, since 2011 and became Chairman of its board in 2012. Mr. Forlenza served as BD’s Chief Executive Officer from 2011 to January 2020 and President from 2009 to April 2017. Prior to that, Mr. Forlenza served as Chief Operating Officer from July 2010 to October 2011. Mr. Forlenza joined BD in 1980 and served in a number of different capacities, including strategic planning, business development, research and development, and general management in each of BD’s segments and in overseas roles. Mr. Forlenza is a member of the board of directors and former chairman of the Advanced Medical Technology Association (AdvaMed), an international medical technology trade organization. He is a member of the Board of Trustees of The Valley Health System and a member of the Board of Directors of the Quest Autism Foundation. He is also a member of the Board of Directors of CECP (Chief Executives for Corporate Purpose). He currently serves as a member of the Board of Trustees of Lehigh University since rejoining the Board in July 2020 after previously serving from 2011 to 2017.

Mr. Forlenza served as the chief executive officer of a public, global medical technology company for approximately nine years. He has also served as chairman of that company’s board since 2012. Prior to becoming chief executive officer, he was the chief operating officer and held various additional roles. He has experience leading a large global business in a regulated industry, including significant experience in large M&A transactions. He additionally brings experience in areas such as strategic planning, business development and new product development. His service as a director also contributes to his focus on corporate governance matters.

Kathryn M. Hill
(1,2,3*,4)
Henry A. McKinnell, Jr., Ph.D.
(1,2,3)
Leslie F. Seidman
(1*,2,3,4)
Bruce Van Saun
(1,2,3)

BOARD COMMITTEES

1 Audit
2 Governance & Nominating
3 Compensation & Human Resources
4 Executive
* Committee Chairman
Corporate Secretary
Elizabeth m. McCarroll
Stockholders and other stakeholders may communicate with the Board, or with a specific director or directors, by writing to:
c/o Corporate Secretary
Moody’s Corporation
7 World Trade Center
250 Greenwich Street
New York, NY 10007

senior management

robert fauber

President & Chief Executive Officer

Mr. Fauber has served as the Company’s President and Chief Executive Officer since January 2021. Mr. Fauber joined the Board of Directors in October 2020 and he currently serves on the Executive Committee of the Board of Directors. Prior to serving as CEO, Mr. Fauber served as Chief Operating Officer from November 2019 to December 2020, as President of Moody’s Investors Service, Inc. from June 2016 to October 2019, as Senior Vice President—Corporate & Commercial Development of Moody’s Corporation from April2014 to May 2016, and was Head of the MIS Commercial Group from January 2013 to May2016. From April 2009 through April 2014, he served as Senior Vice President—Corporate Development of Moody’s Corporation. Mr. Fauber served as Vice President—Corporate Development from September 2005 to April 2009. Prior to joining Moody’s, Mr. Fauber served in several roles at Citigroup and its investment banking subsidiary Salomon Smith Barney from 1999 to 2005. From 1992 to 1996, Mr. Fauber worked at NationsBank (now Bank of America) in the middle market commercial banking group.

stephen tulenko

President, Moody's Analytics

Mr. Tulenko has served as President of Moody’s Analytics since November 2019. Mr. Tulenko served as Executive Director of Enterprise Risk Solutions from 2013 to October 2019 and as Executive Director of Global Sales, Customer Service and Marketing from 2008 to 2013. Prior to the formation of Moody’s Analytics, he held various sales, product development and product strategy roles at Moody’s Investors Service, Inc. Mr. Tulenko joined Moody’s in 1990.

michael west

President, Moody's Investors Service

Mr. West has served as President of Moody’s Investors Service, Inc. since November 2019. Mr. West served as Managing Director—Head of MIS Ratings and Research from June 2016 to October 2019. Previously, Mr. West served as Managing Director—Head of Global Structured Finance from February 2014 to May 2016 and Managing Director—Head of Global Corporate Finance from January 2010 to January 2014. Earlier in his career, he was also responsible for the research strategy for the ratings businesses and before that led Corporate Finance for the EMEA Region, European Corporates and the EMEA leveraged finance business. Prior to joining Moody’s in 1998, Mr. West worked at Bank of America and HSBC in various credit roles.

John J. Goggins

Executive Vice President & General Counsel

Mr. Goggins has served as the Company’s Executive Vice President and General Counsel since April 2011 and the Company’s Senior Vice President and General Counsel from October 2000 until April 2011. Mr. Goggins joined Moody’s Investors Service, Inc. in February 1999 as Vice President and Associate General Counsel.

Senior vice presidents

Mona Breed

Chief Information Officer

Mona Breed is the Chief Information Officer of Moody’s Corporation, overseeing all global enterprise technology programs and activities. Ms. Breed joined Moody’s in 2018 after nearly 30 years of diverse experience across all dimensions of technology, finance and large-scale project management/system implementation. Mona came to Moody’s from OppenheimerFunds, where she most recently served as Head of Infrastructure. Prior to that, she led Enterprise Application Development, Program Management and IT Strategy and Transformation. Prior to joining Oppenheimer in 2013, she held a range of senior technology and finance leadership roles at Apollo and PricewaterhouseCoopers.

She is a graduate of Emory University and a Member of the Skating Club Of New York Board of Directors.

Jeffrey R. Hare

Risk Management

Mr. Hare joined Moody’s in 1995 and has held several positions of increasing responsibility within the Finance organization, including financial planning and analysis, treasury, corporate development and investor relations. Prior to joining Moody’s, Mr. Hare held various finance positions at Sea-Land Service, Inc., a wholly-owned subsidiary of CSX Corporation.

Mr. Hare holds an M.B.A. from Kellogg School of Management, Northwestern University and a B.S. in business management from Cornell University.

Melanie Hughes

Chief Human Resources Officer

Ms. Hughes has served as the Company's Senior Vice President—Chief Human Resources Officer since September 2017. Prior to joining the Company, Ms. Hughes was Chief Human Resource Officer & Executive Vice President Human Resources at American Eagle Outfitters from July 2016 to September 2017 and served as Executive Vice President, Human Resources at Tribune Media from May 2013 to June 2016. She has held several senior management roles for many different companies such as Coach, Gilt Group, DoubleClick and UBS Warburg.

Mark Kaye

Chief Financial Officer

Mr. Kaye has served as the Company’s Senior Vice President—Chief Financial Officer since August 2018. Prior to joining the Company, Mr. Kaye was Senior Vice President and Head of Financial Planning and Analysis at Massachusetts Mutual Life Insurance Company (MassMutual) since February 2016, and Chief Financial Officer of MassMutual U.S. since July 2015. Prior to that, Mr. Kaye served as Chief Financial Officer and Senior Vice President, Retirement Solutions, at Voya Financial from 2011 to 2015. Mr. Kaye previously held various senior financial and risk reporting positions at ING U.S. and ING Group, and was in the investment banking division of Credit Suisse First Boston.

Scott Kenney

Risk Management & Chief Audit Executive

Mr. Kenney has served as the Company’s Senior Vice President – Chief Audit Executive since March 2015 and has been leading Enterprise Risk Management since March 2019.  Prior to joining the Company, Mr. Kenney was a Managing Director at Deloitte & Touché LLP from 2008 to 2015 and served in a variety of other positions at Deloitte from 1997 to 2008.  Preceding this, he was an Internal Auditor at Staff Builders Home Health Care from 1995-1997.

Mr. Kenney currently serves on the Board of the New York Institute of Internal Auditors, the Hetrick Martin Institute as well as Audit Committee Co-Chair for OnePulse Foundation.

David Platt

Chief Strategy Officer

Mr. Platt currently serves as SVP & Chief Strategy Officer for the Corporation, with responsibility for Corporate Development, Global Communications and Corporate Social Responsibility. Mr. Platt was appointed to the Board of Directors of ICRA Limited in April 2019.  Previously, Mr. Platt served as Managing Director and Head of Corporate Development for Moody's from January 2013 to November 2018.  Prior to joining Moody’s, Mr. Platt provided M&A and corporate finance advisory services to clients, including Moody’s, from 2010 to 2012.  Previously, he served as a Managing Director in the M&A Group at Deutsche Bank from 2007 to 2009, advising companies and boards across a range of industries. Prior to Deutsche Bank, Mr. Platt served as a Managing Director in the M&A Group at Bank of America and held similar roles in the M&A Groups at Citigroup and Donaldson, Lufkin & Jenrette from 1997 to 2007. From 1992 to 1997, Mr. Platt was a Senior Investment Analyst in the Money Market Fixed Income Division at Fidelity Investments where his responsibilities included credit risk assessment, setting of exposure limits and investment oversight for a broad range of corporate and municipal credits as well as structured products. Mr. Platt holds an M.B.A. from the University of Chicago, a B.A. from the University of California, Berkeley in Political Economies of Industrialized Societies and earned the CFA designation.

Caroline Sullivan

Corporate Controller

Ms. Sullivan has served as the Company’s Senior Vice President—Corporate Controller since December 2018. Prior to joining the Company, Ms. Sullivan served in several roles at Bank of America from 2011 to 2018, where her last position held was Managing Director and Global Banking Controller. Prior to that role, Ms. Sullivan supported the Global Wealth &Investment Management business from 2015 to 2017 in a variety of positions including Controller. Ms. Sullivan, a CPA, previously held various senior positions at several banks and a major accounting firm, and is a member of the Board of Directors of Financial Executives International.

vice president

david hogan

Treasurer

Mr. Hogan has served as the company’s Treasurer since September 2019. He is responsible for overseeing Moody’s capital allocation and long-term financing strategies, and managing cash and short-term investments to support Moody’s operations and growth. Mr. Hogan served as the company’s Assistant Corporate Controller from September 2016 to September 2019. Previously, Mr. Hogan held the role of EMEA Regional Controller from June 2013 to September 2016; and from July 2010 to June 2013, he held various senior roles within the Finance organization.  Prior to joining Moody’s, David spent ten years in Deloitte’s Assurance practice, with a focus on clients within the Telecom, Media and Technology sector.  David is a graduate of Rutgers University School of Business and has a New Jersey State CPA.

scott kapusta

Head of Global Tax

Scott Kapusta joined Moody’s in 2007 and is the company’s Head of Global Tax. He is responsible for all aspects of tax for Moody’s and manages a global team of diverse professionals. Prior to joining Moody’s, Mr. Kapusta served as counsel for a large New York City law firm and held several senior roles within Deloitte, where he provided corporate and tax advice to U.S. multinationals. Mr. Kapusta started his career in government, where he served as a senior court attorney for the New York State Supreme Court, Appellate Division, Second Department. Mr. Kapusta holds a Masters Degree (LL.M.) in Tax from New York University School of Law and a J.D. from St. John’s University School of Law. He is admitted to the New York State bar.

chief credit officer

Richard Cantor



Richard Cantor serves as Chief Credit Officer for MCO and MIS, a position he has held since 2008. Mr. Cantor heads MIS’s Credit Strategy and Standards Group, which is responsible for the rating agency’s global credit strategy and thematic research, the quality and consistency of its ratings across regions and sectors, and the methodologies applied in the determination of ratings.  From 2009 through 2019, Mr. Cantor also served as MCO’s Chief Risk Officer, leading its global risk management function.  Outside of Moody’s, Mr. Cantor serves as Chair of the US Pacific Cooperation Council.  Mr. Cantor was appointed by the U.S. State Department to the Asia-Pacific Economic Cooperation (APEC) Business Advisory Council in 2015 for a three-year term. Mr. Cantor joined Moody’s in 1997 from the Federal Reserve Bank of New York, where he served as Assistant Vice President in the Research Group and was Staff Director at the Discount Window. Prior to the Federal Reserve, Mr. Cantor taught Economics at UCLA and Ohio State and has taught on an adjunct basis at the business schools of Columbia University and New York University.

chief compliance officer

Helene Gurian



Helene Gurian joined Moody’s in 2010 and is the company’s Chief Compliance Officer. She is responsible for the supervision of global regulatory and compliance interactions, the management of regulatory examinations and all centralized compliance functions. Prior to joining Moody’s, Ms. Gurian held executive positions in the Compliance Department of Prudential Financial, including Chief Compliance Officer for Prudential’s insurance broker-dealer, and, subsequently for their corporate centers.  In that role, she supervised the corporate investigations and anti-money laundering divisions and the company’s regulatory examination program. Ms. Gurian started her career in government, where she served as a senior trial counsel in the New York County District Attorney’s Office, and subsequently as the Deputy Commissioner for the New York City Department of Investigation and Deputy Commissioner and Chief Counsel for the New York State Commission of Investigation.

chief government & public affairs officer

Lisa rabbe



Ms. Rabbe is Chief Government and Public Affairs Officer of Moody’s Corporation. In this role, Ms. Rabbe oversees Moody’s global engagement with regulators, policymakers and other external groups to educate and inform discussion on key issues and Moody’s role in the capital markets. Her remit includes identifying emerging policy areas and initiatives that may impact business operations and strategies.

As founder and CEO of Stratosphere Advisors LLC, a political risk and public policy consultancy, and of Stratosphere Analytics LLC, a regulatory analytics startup, she has extensive experience in financial regulation, financial technology (FinTech) and regulatory technology (RegTech) within global banking, securities regulation, antitrust and data privacy.

Prior to launching the Stratosphere group companies, Ms. Rabbe was Managing Director and Head of Public Policy for the Europe, Middle East and Africa (EMEA) region for Credit Suisse and Managing Director and Head of Government Affairs EMEA region for Goldman Sachs International. She has been a member of the Advisory Board of the European Corporate Governance Institute since 2012.

Ms. Rabbe was recognized as one of the "100 Most Influential Women in Finance". She has served as an instructor on the Oxford Saïd Business School’s Future of Finance (FinTech) Course and as an advisor to the European Cloud Alliance, which promotes the use of cloud technologies in Europe. She holds a B.A. from Dartmouth College.

head of investor relations

Shivani kak


Shivani Kak heads the Investor Relations Team as of September 2019 and is responsible for managing effective communications with the analytical community, as well as existing and potential shareholders.  Prior to this role, she managed the US Structured Finance Relationship Management team within the Commercial Group.

She joined Moody’s in 2008 as a European RMBS analyst in the Structured Finance team. She moved to the Commercial department in 2011, to focus on Structured Finance business development, including secondments to both the Hong Kong and New York offices. She also spent time in the Product Management Group with global responsibility for product related requests and initiatives linked to Structured Finance and investor requested products.

Prior to joining Moody’s, she was a Director at Lehman Brothers, specializing in Structured Finance origination and structuring.

Shivani holds an MBA from the Johnson School at Cornell University and a B.Sc. (Hons) in Russian and European Studies from the University of Surrey and speaks fluent Russian.

corporate information

CORPORATE OFFICE

7 World Trade Center
250 Greenwich Street
New York, NY 10007
+1.212.553.0300

TRANSFER AGENT, REGISTRAR

American Stock Transfer &
Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
U.S.: +1.866.714.7299
Outside the U.S.: +1.718.921.8124
Hearing impaired: +1.866.703.9077
Online Shareholder Account Information

INDEPENDENT ACCOUNTANTS KPMG LLP

345 Park Avenue
New York, NY 10154

CORPORATE GOVERNANCE

The Company has filed its annual report on Form 10-K for the year ended December 31, 2020 with the Securities and Exchange Commission.

The Form 10-K, along with other Moody’s SEC filings and corporate governance documents, are available, without charge, upon request to the Investor Relations Department at the Corporate Office or on ir.moodys.com.

COMMON STOCK INFORMATION

The Company’s common stock trades on the New York Stock Exchange under the symbol “MCO”.

INVESTOR RELATIONS

+1.212.553.4857