Md. Treasurer Says Moody’s Revises Bond Outlook
ANNAPOLIS, Md. (AP) — Moody’s Investors Service has revised its outlook on Maryland general obligation bonds from negative to stable.
State Treasurer Nancy Kopp noted the change on Friday.
Kopp says while Maryland has certain linkages to the federal government, state fiscal officials are happy the revised outlook refocuses attention to Maryland’s financial management policies.
Moody’s had assigned Maryland a negative outlook for 2011, citing ties to the federal government.
Maryland is scheduled to have a sale of general obligation bonds on Wednesday. The sale will include $435 million of tax-exempt bonds and $40 million of taxable bonds.
(Copyright 2013 by The Associated Press. All Rights Reserved.)