Maryland Receives Positive Bond Ratings

I've often urged that Maryland Governor Larry Hogan and the state legislature take further measures to improve Maryland's fiscal situation by exercising more spending restraint, while reducing the tax burden. More needs to be done.

That said, I'm pleased to report that all three bond ratings agencies have retained Maryland's Triple-A bond rating in connection with an upcoming bond sale. For example, Fitch says, "the ratings outlook is stable." This is good news.

Here is the Fitch ratings report, along with the Standard & Poors' report.

The continued positive reports from the bond ratings firms show that Maryland has a sound basis for adopting further reports to further enhance its fiscal position.