March 19th, 2019 by WCBC Radio

 Maryland State Treasurer Nancy K. Kopp announced today that the three major bond rating agencies have reaffirmed the State's AAA bond rating, all with stable outlooks, in advance of the upcoming competitive sale of State General Obligation Bonds on Tuesday, March 26, 2019.  Maryland is one of twelve states* to hold the coveted AAA rating, the highest possible rating, from all three major bond rating agencies. S&P Global Ratings has rated the bonds AAA since 1961, Moody’s Investors Service has assigned the bonds a rating of Aaa since 1973, and Fitch Ratings has rated the bonds AAA since 1993.

Treasurer Kopp said, “We are pleased and proud that Maryland continues to be recognized as a triple-AAA State, a distinction that affirms our State’s overall fiscal strength and longstanding commitment to prudent and proactive financial management. The rating agencies recognize that our dynamic economy, highly educated workforce, and above-average wealth and income levels make Maryland an outstanding investment.”