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Possible Sandusky liabilities cited in Moody’s credit-rating downgrade

Possible Sandusky liabilities cited in Moody’s credit-rating downgrade
StateCollege.com Staff

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UNIVERSITY PARK, Pa (Oct. 26) — Moody’s Investors Service has downgraded Penn State’s long-term rating of Aa1 to Aa2 with a stable outlook, after a 90-day review of the University’s financial situation and an assessment of the ongoing uncertainty related to possible legal challenges. However, in its report released today, Moody’s indicated that …