By Adam Pagnucco. Moody’s has downgraded Prince George’s County from Aaa, its highest rating, to Aa1. The Washington Post has reported that Standard & Poor’s and Fitch are still assigning…
Bond Ratings
By Adam Pagnucco. Last week, the county council passed an FY26 operating budget with robust spending increases and no tax hikes. How did they do it? In part, they relied…
Moody’s Downgrades Maryland’s Bond Ratings
By Adam Pagnucco. As first reported by Maryland Matters, Moody’s Investors Service, Inc. has downgraded Maryland’s general obligation bond ratings from Aaa, its highest rating, to Aa1. In two separate…
D.C. Lost its Bond Rating – Who is Next?
By Adam Pagnucco. Moody’s Ratings has downgraded the District of Columbia’s bond rating from Aaa (its highest level) to Aa1. The move should inspire fear in state and local government…
By Adam Pagnucco. Moody’s Investors Service, one of the three major Wall Street bond rating agencies, has released an issuer comment characterizing the passage of Question A as a “credit…
By Adam Pagnucco. Remember the county’s $120 million budget shortfall? While up to half of it may have been caused by tax planning by rich people, the rest was in…
Moody’s Threatens Downgrade to MoCo Bonds
Moody’s Global Credit Research, an agency that evaluates bond risk, has maintained its top rating on Montgomery County’s general obligation bonds for now but has placed the county “on review”…
Fitch Ratings Cautious on MoCo Budget
Following is the statement by Fitch Ratings, an agency that assesses bond risk, on the effect that Montgomery County’s budget problems may have on its creditworthiness. Currently, Fitch, like Standard…
Leggett Warns Council on Bond Rating
The Gazette reported this morning on County Executive Ike Leggett’s warning to the County Council about risks to the county’s AAA bond rating. We have the full text of Leggett’s…