Bond credit rating
Maryland officials say the sale of $738.4 million in bonds at super low interest rates will benefit efforts to build more schools, hospitals, prisons and cultural projects at an unusually reduced cost.
Maryland will keep its AAA bond rating from the ratings agency Moody’s Investors Service.
Maryland completed its effort to borrow $512.4 million Wednesday by selling general obligation bonds, getting a good response from investors despite the financial uncertainty churning around the debt limit debate in Washington.
Three major bond rating agencies have affirmed Maryland’s Triple A bond rating.