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Maryland retains AAA bond rating

Maryland has retained its coveted AAA bond rating as it gears up to sell approximately $718 million worth of general obligation bonds at the next meeting of the Board of Public Works on Wednesday.

Maryland Treasurer Nancy K. Kopp announced that all three bond-rating agencies — Fitch Ratings, Moody’s Investors and Standard & Poor — affirmed the Triple A rating held by Maryland and only seven other states.

The highest rating conferred by the three agencies means that Maryland will pay less in debt service on the bonds that it issues.

Maryland citizens will have first priority on about $100 million of the bonds.