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3 agencies give thumbs-up to Md. bond sale

All three U.S. bond-rating agencies — Standard & Poor’s, Moody’s Investors and Fitch Ratings — have reaffirmed Maryland’s AAA bond rating in preparation for an upcoming sale of $435 million in general obligation bonds at the Board of Public Works meeting on July 24.

Maryland is one of only nine states to hold the coveted AAA rating, the highest possible, from all three agencies.

“Retention of the Triple AAA ratings allows us to continue to save millions of taxpayer dollars resulting from the lower interest rates achieved because of these ratings,” said state Treasurer Nancy K. Kopp.

The bonds are expected to be sold to institutions.