B*****p
发帖数: 301 | 1 Sounds like a joke, but it is not....
http://www.bloomberg.com/news/2011-11-11/pennsylvania-state-may
Penn State University had its Aa1 revenue-bond rating placed on review for
possible downgrade by Moody’s Investors Service amid the investigation into
a child sex-abuse scandal.
Moody’s said it will examine the reputational and financial risk arising
from the probe, after the Penn State football team’s former defensive
coordinator, Jerry Sandusky, was charged with sexually assaulting eight boys
from 1994 to 2009.
About $1 billion of rated debt would be affected by a downgrade, according
to the statement. The company said it will take several months to monitor
events, including possible lawsuits, weaker student demand, decreased
philanthropic support, changes in its relationship with the state and
management moves. Aa1 is Moody’s second-highest rating.
“While the full impact of these increased risks will only unfold over a
period of years, we will also assess the degree of near- and medium-term
risks to determine whether to downgrade,” Moody’s said in the statement.
A Penn State revenue bond maturing in March 2030 traded Nov. 9 at an average
yield of 3.65 percent, down from 4.15 percent in a trade about a month
earlier, according to data compiled by Bloomberg.
Penn State, with 96,000 students and more than 500,000 alumni, raised $195.3
million last year, up from $82 million in 1995, when former President
Graham B. Spanier was appointed, according to the Council for Aid to
Education, which tracks gifts. Spanier and football coach Joe Paterno were
fired this week. | l**k
发帖数: 45267 | 2 ft，大学也发行这么多债券
into
boys
【在 B*****p 的大作中提到】
: Sounds like a joke, but it is not....
: http://www.bloomberg.com/news/2011-11-11/pennsylvania-state-may
: Penn State University had its Aa1 revenue-bond rating placed on review for
: possible downgrade by Moody’s Investors Service amid the investigation into
: a child sex-abuse scandal.
: Moody’s said it will examine the reputational and financial risk arising
: from the probe, after the Penn State football team’s former defensive
: coordinator, Jerry Sandusky, was charged with sexually assaulting eight boys
: from 1994 to 2009.
: About $1 billion of rated debt would be affected by a downgrade, according
| o*********l
发帖数: 1807 | 3 新建了一个law school building. |
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