Moody's Investors Service reaffirmed Penn State University's Aa1 rating and removed it from the watch list for possible downgrade despite the involvement of a university personnel in a scandal.
The Aa1 credit rating allows Penn State to borrow money easily at a lower interest rate. Moody's expects the school to settle a manageable number of claims without 'substantial financial weakening.'
Read the Entire Article
A customized collection of news from foundations from around the Web.
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.