Maryland Bonds “Headline” Week’s Muni Market

According to an article on Bond Buyer magazine’s website, the general obligation bond issuance from Maryland will be the highlight of the week’s primary municipal market for bonds.

From Bond Buyer:

Maryland will sell its $692.6 million triple-A-rated GO sale on Wednesday consisting of $500 million of Series A new-money bonds and $192 million of Series B refunding bonds.

While all three rating agencies assign triple-A ratings to the state’s GO pledge, Moody’s Investors Service has placed the state on negative outlook because of its particularly close economic ties to the fiscally constrained federal government. Maryland issue some$1.5 billion in 2012, and close to $1.3 billion in 2011.

See previous Conduit Street coverage of the reaffirmation of Maryand’s AAA rating.

Michael Sanderson

Executive Director Maryland Association of Counties