FOR IMMEDIATE RELEASE
GOVERNOR O’MALLEY ISSUES STATEMENT ON CREDIT RATING AGENCIES’ TRIPLE AAA BOND RATING
ANNAPOLIS, MD (July 8, 2014) — Governor O’Malley issued the following statement after all three major rating agencies reaffirmed the State of Maryland’s AAA bond rating:
“Fiscal responsibility, and taking a balanced approach to investments and cuts, are essential to strengthening our economy.
“Since 2007, we have made $9.5 billion worth of cuts — more than any administration in modern Maryland history — and our executive branch is the smallest it’s been on a per capita basis since the early 1970s. But we’ve also invested in key priorities like education, innovation, and infrastructure so that we can build an economy that works.
“The major bond ratings agencies endorsed our fiscally responsible approach, and once again reaffirmed Maryland’s AAA bond rating. We are one of only 7 states to maintain that top rating throughout the recession.
“We have to invest together so that our children can be winners in the changing global economy. We will continue to make those investments in a fiscally responsible way.”