The Penn State Gay Sex Scandal -WTF!!!!

SoNotHer · 11-13-2011, 01:39 AM

I hadn't thought about this effect. But I'm sure some who did nothing did.

Penn State Sexual Abuse May Spur $1 Billion Debt Downgrade

6:47 pm, November 11th | by Hillary Reinsberg

Moody’s is considering downgrading the university’s rating in the wake of the sexual abuse allegations. The ratings agency Moody’s is looking into the increased risk of Penn State’s finances, stemming from the sexual abuse allegations and firings of multiple school administrators and football coaches, according to Bloomberg. Moody’s plans to evaluate the risks in terms of reputation and overall finances. A downgrade would put around $1 billion of debt at risk.

It won’t happen right away — Moody’s will investigate for a few months to see what the ramifications are. An array of potential problems — from more lawsuits to decreased enrollment, could have a very negative effect on the school’s financial standing. Of all the concerns surrounding the ordeal, the financial ones are far from being the most disturbing. But it’s pretty remarkable to see how those disturbing behaviors and the follow-up response can have massive financial ramifications.

11-13-2011, 01:39 AM	#6
SoNotHer Senior Member How Do You Identify?: Professional Sandbagger and Jenga Zumba Instructor Join Date: Sep 2011 Location: In the master control room of my world domination dreams Posts: 2,811 My Photo Gallery Thanks: 6,587 Thanked 4,734 Times in 1,409 Posts Rep Power: 21474852	Another compelling reason this was supressed - I hadn't thought about this effect. But I'm sure some who did nothing did. Penn State Sexual Abuse May Spur $1 Billion Debt Downgrade 6:47 pm, November 11th \| by Hillary Reinsberg Moody’s is considering downgrading the university’s rating in the wake of the sexual abuse allegations. The ratings agency Moody’s is looking into the increased risk of Penn State’s finances, stemming from the sexual abuse allegations and firings of multiple school administrators and football coaches, according to Bloomberg. Moody’s plans to evaluate the risks in terms of reputation and overall finances. A downgrade would put around $1 billion of debt at risk. It won’t happen right away — Moody’s will investigate for a few months to see what the ramifications are. An array of potential problems — from more lawsuits to decreased enrollment, could have a very negative effect on the school’s financial standing. Of all the concerns surrounding the ordeal, the financial ones are far from being the most disturbing. But it’s pretty remarkable to see how those disturbing behaviors and the follow-up response can have massive financial ramifications.