Maryland Loses AAA Bond Rating as Economic Pressures Mount
Maryland’s long-standing reputation for top-tier financial stability took a hit this week as Moody’s Investors Service downgraded the state’s bond rating from AAA to Aa1. The action marks the first time Maryland has fallen from the highest credit rating tier in over three decades. This shift could significantly affect Maryland's borrowing costs and financial outlook, and signals growing concern over the state’s long-term fiscal stability. With higher interest rates likely for future bond sales, the…