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Tag Archives: credit rating

Maryland credit rating: AAA or TBA

The future of Maryland’s sterling credit rating hung in doubt Monday evening after the downgrade of the nation’s debt whipped investors into a panic and pushed the stock market into a free fall. The months-long stalemate on Capitol Hill that ...

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Senate debates debt limit bill, passage likely

WASHINGTON — Emergency legislation to allow the government to borrow more money headed toward passage in the Senate Tuesday with just hours to spare before the national debt bumps against its ceiling. Expected approval sends the bill to President Barack Obama, ...

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Debt debate reverberates in Md., other state governments

ANNAPOLIS — Virginia’s governor is livid that his famously tight-fisted state could face higher borrowing costs to build roads and schools. Maryland has put off a $718 million bond sale for three days because of the current financial uncertainty. And ...

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Moody’s warns of lower Maryland credit rating

Moody’s Investors Service warned Tuesday that it probably will lower the credit rating on five states if it downgrades the U.S. government’s credit rating. The credit rating agency said it has placed on review for possible downgrade the triple-A bond ...

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Debt face-off shifts to Congress, bargain in play

WASHINGTON — Negotiations to increase the nation’s debt ceiling shifted to Congress where Republican and Democratic leaders were assessing the mood of their members even as an intricate but potentially face-saving deal to avoid an unprecedented government default was taking ...

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Gary S. Williams: ‘Pay later’ mentality could ruin your credit

Installment debt is not a bad thing. It enables us to make major purchases that would be nearly impossible to finance up-front. The problem is, in this consumer society, we’re bombarded with advertisements for literally thousands of “must-have” products. The ...

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