Wednesday, December 14, 2011
State AAA Rating at Risk if Feds Downgraded
Moody’s Investor’s Service affirmed the state’s Aaa bond rating last Wednesday, but cautioned that Maryland would likely see its rating lowered if the rating agency downgrades the U.S. Government. Maryland was one of 5 AAA-rated states (MD, NM, SC, TN, and VA) that Moody’s placed on a negative outlook in August due to the states’ heavy reliance on federal employment and procurement. Although Moody’s revised their outlook for South Carolina and Tennessee to stable, the ratings of Maryland and the other 2 states remain at risk. Similar ratings risk exists for Harford, Howard, Montgomery, Prince George’s, and Baltimore counties, and Bowie, Rockville, and the WSSC. See Moody’s report. For further information contact Ron Wineholt at .(JavaScript must be enabled to view this email address).
