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on May 30, 2026, 20:32:50, in reply to "good on moodys. but i still don’t think these blue abominations ever have to pay the piper"
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all sides of the aisles will always bail them out to avoid the chaos we actually need
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This is almost funny. Last year Moody's downgraded Maryland debt because of negative trends in the economy.
Maryland is about to issue a bunch more debt, and this time Moody's won't participate. The state is taking its ball away.
From the Wash Post:
Maryland has severed its decades-long relationship with Moody’s after the national bond rating firm downgraded the state’s credit last year. Officials insist this won’t affect an $800 million bond sale next Wednesday, but it’s always a bad look to shoot the messenger.
Moody’s downgraded Maryland’s rating last May from AAA to Aa1, citing the “state’s heightened vulnerability to shifting federal policies and employment, and its elevated fixed costs.” That broke a perfect rating streak going back to 1993 and infuriated Maryland Treasurer Dereck Davis (D). “To hell with Moody’s,” he said at the time.
Uneducated Redneck Piece of Shit![]()
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For you investors in fixed income: Maryland fires Moody's for downgrading it - Potomac May 30, 2026, 17:45:59
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