Baltimore, MD - May 15, 2025 - After months of speculation, Maryland officially lost its coveted triple A bond rating after Moody’s downgraded the state’s creditworthiness.

In the latest report, Moody’s assessment of Maryland’s creditworthiness was moved to Aa1, ending more than 30 years of the state holding the highest bond rating.

The triple-A bond rating allows Maryland to pay the lowest rates when it sells bonds to foot the bill for public projects and investments; now however, the rate will be higher, meaning taxpayers will have to shell out more.

The announcement comes on the heels of a tense legislative session where ultimately, Democrats in control of the General Assembly and the governor’s seat, moved to raise $1.6 billion in new tax and fee increases given a $3.3 billion budget deficit.... Read More: FOX45