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Maryland Treasurer Nancy Kopp has been in public service for five decades. She announced Monday that she will be retiring. (The Daily Record/File Photo)

3 major agencies give Maryland bonds top ratings

ANNAPOLIS — The State Treasurer says the three major national bond rating agencies have given Maryland bonds top ratings.

Nancy K. Kopp said in a news release on Tuesday that Standard and Poor’s and Fitch Ratings gave the bonds AAA, highest possible rating. Moody’s Investors Service gave the bonds its highest possible rating, Aaa. All three agencies said the general obligation bonds had stable outlooks.

Kopp says the ratings will help taxpayers save money through lowest interest rates.

Maryland will sell $500 million of general obligation bonds on July 16.