Moody's rates Maryland G.O. bonds Aaa

Moody's Investors Service said it assigned an Aaa rating to Maryland's $415 million general obligation bond issue, state and local facilities loan of 2008, second series. The outlook is stable.

The bonds are scheduled to sell on July 16.

Proceeds will be used to fund capital improvements throughout the state.

Concurrently, Moody's affirmed the Aaa rating on $5.5 billion of outstanding state general obligation debt and the Aa2 rating on $273 million in General Fund appropriation-backed debt issued by the Maryland Stadium Authority.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.