ANNAPOLIS, MD—The Maryland Freedom Caucus has responded to Governor Wes Moore’s remarks regarding this week’s downgrade of the state’s credit rating.

Maryland lost its coveted AAA bond rating on Wednesday when Moody’s Investors Service downgraded its assessment of the state’s creditworthiness to Aa1, ending a more than three-decade streak of top-tier ratings.

Governor Wes Moore, Lieutenant Governor Aruna Miller, Treasurer Dereck Davis, Comptroller Brooke Lierman, House Speaker Adrienne Jones, and Senate President Bill Ferguson released a statement calling the move a “Trump downgrade.”

“Governor Wes Moore’s attempt to shift blame for Maryland’s credit downgrade is as misleading as it is predictable,” reads the statement issued by the Maryland Freedom Caucus. “Democrats have controlled the Maryland General Assembly for over a century and have dominated state policymaking through consistent legislative majorities. The Democrat-dominated General Assembly drives the budget process — and it shows. For years, they’ve passed bloated budgets, diverted billions into pork-barrel projects, and handed out politically driven bond and line-item grants with little accountability. If you’re a fiscal conservative, you respect the procurement process — because competitive, merit- based spending is how government is supposed to work. Annapolis Democrats replaced that with favoritism and waste.”

“This downgrade didn’t come from Washington — it came from Annapolis,” the statement continues. “While Moody’s warned Maryland a year ago with a negative outlook, Democrats responded by doubling down on unsustainable spending and expanding debt obligations. This year’s budget alone included $1.6 billion in tax increases, further punishing working families while doing nothing to correct course. Now Maryland families will bear the cost. Governor Moore may be trying to spin a narrative, but no amount of rhetoric can change the fact that one-party rule and reckless fiscal policies led to this outcome. The Maryland Freedom Caucus will continue to fight for transparency, restraint, and real fiscal accountability — before the damage gets worse.”

The Maryland Freedom Caucus consists of Del. Matt Morgan, Del. Kathy Szeliga, Del. Ryan Nawrocki, Del. Lauren Arikan, Del. Brian Chisholm, Del. Mark N. Fisher, and Del. Robin L. Grammer Jr.

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