Maryland lost its triple-A bond rating from Moody's on Wednesday, a rating the state has cited for more than 50 years as a sign of strong fiscal stewardship.
Moody’s downgraded the state’s credit rating to Aa1. Maryland had received a triple-A bond rating from Moody’s since 1973. The state has benefitted from the higher rating by paying the lowest rates when it sells bonds to pay for infrastructure, likes roads and schools.
