ANNAPOLIS, MD (February 18, 2010) – Governor Martin O’Malley today issued the following statement regarding the retention of Maryland’s AAA bond rating by all three bond rating agencies:
“Today, all three credit rating agencies reaffirmed – once again – the fiscal strength of our State as a result of the tough choices and smart fiscal policies we’ve fought for as One Maryland in the midst of the worst national recession since the Great Depression. It’s particularly noteworthy given the national economic climate of the last few years.
I want to thank Treasurer Kopp and Comptroller Franchot for their leadership and sound management of our State’s finances, and the leaders of the General Assembly as we work together to pass a budget for FY11 that maintains our shared principles of fiscal responsibility.
While Maryland is not immune to the effects of this national recession, together we have made the difficult decisions to protect our State’s long-term financial health, invest in our future, and protect our most valuable asset – the skills and strength of our people.”