Moody's Corp Q1 2020 Earnings Call Summary

The following is excerpted from the question-and-answer section of the transcript.

Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst : The first one just on relation-based -- relationship-based revenue in MIS. Obviously, it was strong again this quarter, and the strength appeared to be pretty broad-based. I was hoping you could speak to the different puts and takes to that revenue in the current environment and whether there's any reason to expect moderation in that line going forward. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. APRIL 30, 2020 / 3:30PM, MCO - Q1 2020 Moody's Corp Earnings Call

Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst : Great. And then just one other quick one. In terms of the renewal process and M&A, is there anything you could say about the typical timing of those renewals, at least how those timings are kind of spread across the year and whether or not renewals in the back half of the year would potentially be better than in the second quarter for some of the social distancing reasons and rationale that you outlined?