For you investors in fixed income: Maryland fires Moody's for downgrading it
Posted by Potomac on May 30, 2026, 17:45:59
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.
good on moodys. but i still don’t think these blue abominations ever have to pay the piper
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.
ATL is a pedophile
F ATL
Going to be interesting to see what financial hijinks Illinois and the cities/counties use
In 10 years to get out of their debts. I think I read it is very hard for any city in IL to declare bankruptcy. Got to think some are close and getting closer as they bleed residents
Previous Message
all sides of the aisles will always bail them out to avoid the chaos we actually need
Previous Message
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
and it’s why i’m very comfortable with years of my retirement in a tax empt muni fund
pulling in 7% with stable principal over the last 10 years.
and much of it is in ridiculous states like illinois
Previous Message
all sides of the aisles will always bail them out to avoid the chaos we actually need
Previous Message
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.
on May 30, 2026, 17:45:59
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