DALLAS — Moody’s Investors Service restored Texas Southern University’s credit to investment grade Tuesday as the historically black school continued its recovery from a financial scandal that threatened its accreditation with the Southern Association of Colleges and Schools.

Moody’s lifted to Baa3 from Ba1 the state university’s $90.6 million of fixed-rate revenue financing system bonds. Fitch Ratings rates TSU BB-plus with a negative outlook. TSU does not carry ratings from Standard & Poor's Corp.

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