Maryland Retains AAA Bond Rating

As reported by the Baltimore Sun, the rating agencies reaffirmed Maryland’s AAA bond rating as it prepares to sell $800 million in bonds throughout July.  From the article:

The rating agencies — Standard & Poor’s, Fitch and Moody’s — pointed to Maryland’s high income, low unemployment and willingness to both cut budgets and raise taxes during tight financial times as some of the factors behind the bond rating.

Maryland has received a AAA bond rating from all three rating agencies for more than two decades.

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