Michigan State's Nassar Scandal May Be Costlier Than Sandusky

Michigan State University’s ties to former Olympic gymnastics doctor Larry Nassar may be a costlier problem for the college than Pennsylvania State University’s Sandusky scandal, according to a new report.

Michigan State faces credit rating, settlement cost and political scrutiny concerns, according to a report published Tuesday by Wells Fargo Securities. Last month, Michigan State’s credit rating outlook was revised to negative from stable by S&P Global Ratings, and Moody’s cut the school’s outlook to negative in January.