STATE RETAINS AAA BOND RATING

The state of Maryland has retained its Triple-A bond rating, despite the state spending vast sums from its “Rainy Day” fund to help address the coronavirus pandemic. The three major rating agencies also gave stable outlooks on Maryland’s finances ahead of a $475 million bond sale, set for next Wednesday. Maryland is only one of 13 states to have the top rating, a distinction it has held since 1993.