S&P Global Inc Q2 2020 Earnings Call Transcript

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

Question: Judah Efram Sokel - JPMorgan Chase & Co, Research Division - Analyst : I wanted to ask a question on Market Intelligence. You guys mentioned that the COVID-19 pandemic lengthened the sales cycle but also drove record usage. And so we talked about the sales cycle earlier in the Q&A. But in terms of that record usage, I was wondering if you could elaborate a little bit on to what do you owe that record usage, and perhaps whether it can and how long that might last. And perhaps round out the color with just how your contracts are structured in Market Intelligence so that you can best monetize, if we are looking at maybe more of a secular greater usage of those platforms?

Question: Judah Efram Sokel - JPMorgan Chase & Co, Research Division - Analyst : Understood. Just one other question. When it comes to Ratings, obviously, we're all hoping that we don't see a major second wave, and this is not an elongated recession. But if we did go into a longer period of economic challenge, and we saw more defaults and bankruptcies, what would -- can you review with us what would happen to your revenue base? I'm thinking in terms of restructuring, perhaps new ratings when companies emerge from bankruptcy and, obviously, there's liquidation scenarios to think through as well. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 28, 2020 / 12:30PM, SPGI.N - Q2 2020 S&P Global Inc Earnings Call