Md. To Keep AAA Bond Rating From Moody’s

ANNAPOLIS, Md. (AP) — Maryland will keep its AAA bond rating from the ratings agency Moody’s Investors Service.

The ratings agency confirmed Thursday that Maryland and four other states will keep their AAA ratings. Moody’s had previously put the states on notice for a possible downgrade.

The agency said the states would keep their rating because the federal government has raised the debt ceiling and avoided a U.S. default.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

  • T

    THEY WILL KEEP THEIR RATING BECAUSE IT’S ALL A SCAM!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Democrud

    not from S&P haha no more tax payers supporting do nothing govt workers.
    go count your beans in the unemployment line you welfare clowns!

  • Charles

    Oh goody! Now we can borrow more money at a better interest rate.

  • Lay It On The Line

    Don’t buy into this crock of BS. The Federal Government is going to begin cutting back on its programs, abeit slowly at first. Maryland will be the hardest hit when the cut-backs gain momentum in a few years. The trend to watch for in MD in the short term, is upward-creeping tax rates and new fees cropping up like weeds in your flower garden. MD State government will fight to keep their credit rating, since they cannot look to the Feds to support their spending habits. This means that they will focus upon YOU to support them. It is likely to be an under-handed affair, with dozens of hidden increases each month. If we are not careful to watch our representatives, we will be destined to pay even more dearly for the mismanagement of state revenue funds. We must send a message that is both loud and clear; “We will not tolerate additional tax increases in MD!” This is the only way to force them to reduce spending, rather than increasing our cost of living beyond what we as MD citizens can bear.

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