Saturday, November 12, 2011

Penn State Bond Rating Downgrade Possible Due to Sex Abuse Scandal

From Bloomberg, "Penn State May Face Credit Downgrade" by John Hechinger and Heather Perlberg:
Moody’s put Penn State’s Aa1 rating of about $1 billion in bonds on review while it considers the reputational and financial risk arising from the [on campus sex abuse] situation.

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