Another Ratings Agency Downgrades Penn State's Long-Term Financial RatingRatings agency Moody's Investors Service downgraded Penn State University's long-term rating to Aa2 from Aa1 because of the expected financial costs from pending lawsuits related to the Jerry Sandusky sex abuse scandal.

More From CBS Philly

Regis To Lead Ocean City Parade
Kate And Katie
Getaway Guide To Mountain Tubing

Listen Live