Moody’s reviews Penn State rating

FT ^ | 11-11-11 | Nicolle bullock

[tcrlaf]

Moody’s Investors Service said it may downgrade the credit ratings of Pennsylvania State University in a sign of the potential scope of the fallout from a sexual abuse scandal at the school. (SNIP)

The university now carries high ratings because it has been popular with prospective students, top professors and generous donors, but also because of its efforts over the past 20 years to develop its research capabilities. The university owns the Hershey Medical Center, a hospital that contributed 26 per cent of the school’s $4.6bn in operating revenues in the year ended June 30.

Penn State’s football programme contributes about 2 per cent of revenues. Additional large contributors are tuition and other student-based revenue at 40 per cent and federal research grants at 19 per cent. The university receives 7 per cent of its operating revenue from the state government of Pennsylvania.

[muir_redwoods]

You should look up the actual meaning of the term “ ad hominen “; you’re misusing it. I’m not questioning your character or morals or worth. I am correctly pointing out your lack of logic and reason in this discussion.

[Christian Engineer Mass]

No you’re not. I said clearly that I was not concerned with the issues you were pointing out, which were neither complex nor interesting, but was rather looking at a completely different issue. You choose to ignore that so you can feel superior and attack me in an ad hominen (sic) fashion. Review the thread.

[muir_redwoods]

I read the thread wherein you stated the rating agencies seemed to be throwing their weight around. Based upon years of experience I exained their actions as a business necessity. You persisted in your emotional response to their actions. I can explain it for you but I cannot understand it for you.