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Bond Agencies Reaffirm Maryland’s AAA Rating

March 4th, 2021 by WCBC Radio

The nation's three major bond agencies — S&P Global Ratings, Moody's Investors Service and Fitch Ratings — have reaffirmed Maryland's coveted AAA bond rating in advance of an upcoming sale of up to $800 million in general obligation bonds. The competitive sale of the bonds will be used to finance capital projects for public schools, community colleges, universities and hospitals. Maryland is one of 13 states to hold the AAA rating, the highest possible rating, from all three agencies. The agencies also said the bonds had stable outlooks.  Lt Governor Boyd Rutherford sat in for Governor Hogan during the most recent Board of Public Works meeting…