State Bonds Stay In Rarefied Air, Retaining Triple Triple-A Ratings

Maryland’s general obligation bonds have long been seen as a safe and reliable investment for municipal investors — and that faith has borne out again as the state’s June bond sale has received the coveted “Triple A” rating from each of the three main bond rating agencies.

The top rating – generally seen as a testament to the decisions and structures underlying Maryland’s budget affordability and spending plans – mean that the interest cost of borrowing for capital projects will be substantially lower than those faced by less creditworthy jurisdictions.

To read the commentary from the three agencies, visit the Treasurer’s website, where their reports are linked.

Michael Sanderson

Executive Director Maryland Association of Counties