Is the $8.8 billion in debt Maryland owes to bond holders high, moderate or low? Take your pick. One of the three national bond rating agencies agrees with you, yet they all give Maryland their highest, AAA rating.
That split by the bond raters has little effect on the average taxpayer, since the AAA ratings guarantee some of the lowest interest rates available. However it does puzzle the raters a little, and the “high” designation by Moody’s Investors Service causes some concern to state officials.Read More