Moody’s (MCO) Barclays 18th Annual Americas Select Conference summary

Reflections and leadership changes

• Strong momentum in debt capital markets across US, Europe, and Asia Pacific, with significant investments in ratings to support demand.

• Moody's Analytics has completed integration of acquired entities and welcomes a new president with a technology and customer experience background in June.

• Company culture has shifted towards technology-forward, automation, and continuous improvement, with widespread adoption of automation tools and coding.

Technology partnerships and AI strategy

• Strategic partnerships with Anthropic, OpenAI, Microsoft, and AWS enable customers to access proprietary data and workflows directly in their environments.

• MCP apps provide automated credit memo and KYC agents, improving efficiency and token consumption for customers.

• Monetization is evolving, with current premium pricing and plans for a hybrid subscription and consumption-based model.

Moody's Analytics business segments and data moats

• Decision Solutions (45% of ARR) focuses on banking, insurance, and KYC workflows, with flagship products like CreditLens and proprietary insurance models.

• Research & Insights (29% of ARR) includes credit research, ratings, and economic models used for bank stress testing.

• Data and Information segment delivers pure data feeds, leveraging curated and contextualized Orbis datasets and politically exposed persons (PEP) databases.

• Orbis database's value lies in curated corporate hierarchy mapping, licensing, and contextualization, not just raw data.