State dumps Moody’s a year after it downgraded Maryland bonds

Maryland has ended a decades-long relationship with one of three major bond rating firms a year after that firm downgraded the state's credit rating, although state officials insist the downgrade was not the reason for the split.

By: Bryan P. Sears

Outlets: Maryland Matters

Published: May 28, 2026

Words: 1,857

Last Updated: 3 weeks, 4 days ago

Body Text Preview

Maryland has ended a decades-long relationship with one of three major bond rating firms a year after that firm downgraded the state’s credit rating.

The state is scheduled to go to an $800 million bond sale on Wednesday with ratings from Fitch, Standard & Poor’s and a relatively new firm, Kroll Bond Rating Agency, which took the place of longtime rating agency, Moody’s. Maryland parted ways with Moody’s after it downgraded Maryland’s rating …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us