Moody's Corporation (MCO) Presents at 47th Annual Raymond James Institutional Investor Conference Transcript

Core Viewpoint - Credit conditions remain relatively benign despite recent market volatility, with spreads near historically tight levels, although there has been a slight widening recently [1][3]. Group 1: Credit Spreads - The expectation for credit spreads to normalize towards historical levels of around 400 basis points remains, with current spreads hovering around 300 basis points [1][3]. - There is speculation that a legitimate credit recession may be necessary for spreads to normalize, with potential gravitation towards 450 to 500 basis points in the future [3].