Tar Heel Times
Your comprehensive source for Tar Heel sports news

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

Related:

Recent ACC & NCAA News:

Celebrating Jim Valvano's legacy at Rutgers

Today's NFL draft hysteria? You can thank Mel Kiper Jr. and Joel Buchsbaum for that

Ryan Leaf: Letter to My Younger Self

Video: Scott Van Pelt's 1 Big Thing A Tribute To Laid-Off ESPNers

Jim Harbaugh presents Pope Francis with Michigan helmet, Jordans


© 2005-2017 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.