Maryland’s credit downgrade can be blamed on actions in Washington, not Annapolis

Maryland’s credit downgrade can be blamed on actions in Washington, not Annapolis

Maryland maintained a AAA bond rating from Fitch and Standard & Poor's, but was downgraded to Aa1 by Moody's. (Maryland Matters file photo)In his coverage of the downgrade of Maryland’s credit rating by Moody’s from the coveted AAA to AA1, Bryan Sears pointed to Moody’s acknowledgement of Maryland’s “wealthy and diverse economy,” solid financial planning and proactive management by officials, including slowing expenditures and raising new funds.…