Moody's Investor Service Archives

Maryland Freedom Caucus Tax Rally 20250319

Maryland Freedom Caucus responds to Governor Moore’s ‘attempt to shift blame’ on bond rating downgrade

Posted on May 15, 2025 by Chris Montcalmo

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 […]

Governor Wes Moore Maryland State of the State 2025

Moody’s downgrades Maryland’s coveted AAA bond rating, Gov. Moore: ‘This is a Trump downgrade’

Posted on May 14, 2025 by Chris Montcalmo

UPDATE: The Maryland Freedom Caucus has responded to Governor Moore’s comments. Original story below… ANNAPOLIS, MD—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. This downgrade means Maryland is no longer among the 14 states that hold the […]

Baltimore County retains coveted ‘triple-A’ bond ratings

Posted on March 6, 2025 by Chris Montcalmo

TOWSON, MD—Baltimore County on Thursday announced that it has maintained its coveted triple-A bond ratings from Moody’s Investor Service, Fitch Ratings, and S&P Global Ratings, marking the 30th year in a row the county has achieved this top-tier creditworthiness. This distinction places Baltimore County among a mere 2% of counties nationwide to receive the highest rating from all three agencies. […]

Credit rating agencies positive about issuance of MDOT revenue bonds to support BWI Marshall Airport project

Posted on November 7, 2024 by Chris Montcalmo

BALTIMORE, MD—Fitch Ratings and Moody’s Investors Service have upgraded their ratings on Maryland Department of Transportation revenue bonds for a major project at Baltimore/Washington International (BWI) Thurgood Marshall Airport. The upgrades come just ahead of a planned bond sale intended to fund the completion of the Concourse A/B Connector and Baggage Handling System project. Fitch Ratings upgraded the bonds from […]

NOW YOU KNOW: Family budgets are tight

Posted on September 24, 2024 by Chris Montcalmo

The following is an update from Delegates Kathy Szeliga and Ryan Nawrocki. Family budgets are tight. According to economists, food prices have increased more than 25% since 2020 (editor’s note: in 2022, food prices increased by 9.9 percent, faster than in any year since 1979). To put that in perspective, a cart of groceries that cost you $100 in November […]

Moody’s upgrades Maryland DOT bonds to AAA

Posted on September 19, 2024 by Chris Montcalmo

BALTIMORE, MD—The Maryland Department of Transportation’s Consolidated Transportation Bonds received an upgrade from Moody’s to its top triple-A rating, according to a press release issued on Wednesday. The rating upgrade places Maryland DOT’s debt at the same credit rating as the state’s general obligation debt. Moody’s said the change reflects the state’s strong involvement in and oversight of Maryland DOT’s […]

Baltimore County retains coveted triple-A bond rating

Posted on July 10, 2024 by Chris Montcalmo

TOWSON, MD—Baltimore County officials on Wednesday announced that the county has maintained its triple-A bond ratings from all three major rating agencies, allowing the county to continue issuing bonds at the lowest possible interest rate and saving millions of dollars for Baltimore County taxpayers. Moody’s Investor Service, Fitch Ratings, and S&P Global Ratings have each reaffirmed the county’s triple-A rating […]

NOW YOU KNOW: Tax and spend Moore

Posted on June 28, 2024 by Chris Montcalmo

The following is an update from Delegates Kathy Szeliga and Ryan Nawrocki. Of the nearly 3,500 bills sponsored by lawmakers during the legislative session, 1,053 were passed. Unfortunately, many of them included new taxes and fees. We were able to defeat a few, but not all. Governor Wes Moore presented a budget in January that included fee increases, transferred funds […]

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