Treasured Triple "A" Status
The major bond rating agencies have reaffirmed Maryland's strong status as one of only six states with a AAA rating from Fitch, Moody's and Standard & Poor's.
The announcement by State Treasurer Nancy K. Kopp comes as Maryland prepares to sell $300 million of general obligation bonds this week for projects such as public school construction.
"The bond rating agencies continue to be pleased with Maryland's strong and prudent fiscal management," Kopp said in a prepared statement, adding that the highest possible rating allows the state to borrow at the "lowest possible cost."
The Board of Public Works will preside over two bond sales when it meets Wednesday. It will also be the first time that Kopp, Gov. Ehrlich and Comptroller William Donald Schaefer are back together after Schaefer's controversial ogling of a young aide two weeks ago.
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