Penn State abuse scandal, penalties give Moody's pause
(Reuters) - Moody's Investors Service said on Tuesday it may cut its Aa1 rating on Pennsylvania State University's $1 billion worth of outstanding debt one day after two college athletic conferences fined the school in connection with a child sex abuse scandal.
"S&P remains concerned, however, because the scope of Penn State's liability hasn't been fully identified yet, it said."
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