Moody's credit agency to review MSU's rating amid Larry Nassar fallout
Moody's Investor Service has placed Michigan State University's credit rating under review for a downgrade amid fallout from the Larry Nassar case.
The agency will "assess credit risks surfacing from the conviction of former employee Larry Nassar on sexual assault charges," according to a notice filed Tuesday by the agency. "The review will focus on any financial, legal, or reputational impacts on the university, as well as the strength of the university's management and governance, that we believe would affect the university's credit quality."
MSU said it was aware of the review.
"Our focus is on taking the actions that demonstrate that the voices of the survivors have been heard, and on creating a culture that provides a safe environment for all members of our community. These actions will provide the right foundation for the university’s future," spokesman Jason Cody told the Free Press.
Read more: https://www.lansingstatejournal.com/story/news/local/michigan/2018/01/30/moodys-credit-agency-michigan-state-larry-nassar-scandal/1080645001/
