Penn State credit rating to be downgraded by Moody’s?

Moody’s investor rating service said yesterday that it may have to cut its credit rating on Penn State University as the school deals with the fallout from the Jerry Sandusky child sexual-abuse case, the Joe Paterno cover-up and the NCAA and Big Ten sanctions handed down on the school’s college football team. From Penn Live: [...]

Source: http://www.thesportsbank.net/college-fball/penn-state-credit-rating-to-be-downgraded-by-moodys/

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