Moody's Revises NCAA's Credit Outlook to Negative

Ratings agency Moody's revised the NCAA's credit outlook to negative Monday as a lawsuit against college sports' governing body proceeds in federal court. "The escalation of risks reflect the growing perceived disconnect between the amateurism of student-athletes, as codified by the NCAA, and the commercial success of high-profile college sports," the agency's report said. "Increased public discourse about the best interest of student-athletes combined with highly publicized litigation could destabilize the current intercollegiate athletic system and negatively impact the NCAA and its member universities." (Wall Street Journal)

Share: Facebook | Twitter | Email


Recent ACC & NCAA News:

Four-star 2017 guard A.J. Oliver commits to Clemson

Oregon offensive coordinator Scott Frost is UCF's new football coach

Virginia Guard London Perrantes Out Following Appendectomy

Les Miles' last stand that wasn't

Guy V. Lewis, a man for all seasons

© 2005-2015 Tar Heel Times | Contact | Privacy Policy | Site Map | RSS | Did UNC Win?

Tar Heel Times is an unofficial resource for UNC fans and is not affiliated with the University of North Carolina.