By: Nicholas Sohr

All three major credit rating agencies reaffirmed Maryland’s AAA bond rating, State Treasurer Nancy K. Kopp said Wednesday morning.

The top rating for Maryland’s debt comes as the state prepares to sell $485 million in bonds on March 9.

“Because of the tough choices we’ve made together to create and save jobs and to practice fiscal responsibility, we are able to remain one of only eight states to retain the highest possible Triple A bond rating,” Gov. Martin O’Malley said in a written statement.

The early March bond sale will include $378.5 million in tax-exempt bonds, and $6.5 million in Qualified Energy Conservation Bonds.

The state will also sell $100 million in debt with priority given to Maryland residents.

“Marylanders get first preference in buying highly desirable, conservative quality bonds while investing in their state — a win-win situation,” Kopp said.