Maryland Retains Triple-A Bond Rating - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Maryland Retains Triple-A Bond Rating

Posted:
ANNAPOLIS, MD - Maryland State Treasurer Nancy K. Kopp announced today that all three major national bond rating agencies have re-affirmed the State's strong AAA bond rating, all with stable outlooks, in preparation for the upcoming competitive sale of State General Obligation Bonds on March 4. 


Maryland is one of ten states* to hold the coveted AAA rating, the highest possible rating, from all three major bond rating agencies. Standard and Poor's has rated the bonds AAA since 1961. Moody's Investors has assigned the bonds a rating of Aaa since 1973, and Fitch Ratings has rated the bonds AAA since 1993. 


Treasurer Kopp said, “Today's news of Maryland receiving AAA ratings from the three major bond rating agencies is an acknowledgement of Maryland's prudent financial management and overall fiscal strength. We are pleased the rating analysts recognize the contribution of Maryland's diverse economy, our well-educated workforce, and above average wealth and income levels to the overall quality of an investment in Maryland.”


“Retention of the AAA ratings affirms the strength and stability of Maryland bonds during difficult and volatile times. This achievement allows us to continue to invest in our communities' schools, libraries, and hospitals while saving taxpayers millions of dollars thanks to the lower interest rates that follow from these ratings,” Treasurer Kopp said.

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