Bond rating downgrade

Moody's Investors Service, one of the big three bond rating agencies, issued a report in Feburary about which AAA-rated state and local governments would face downgrades if the federal government is downgraded. On the list: Maryland and Virginia, along with Missouri and New Mexico. Theoretically, this could lead to higher borrowing costs, but more likely would just ding Maryland's reputation.

( Ann Tornkvist / Baltimore Sun / October 15, 2008 )

Moody's Investors Service, one of the big three bond rating agencies, issued a report in Feburary about which AAA-rated state and local governments would face downgrades if the federal government is downgraded. On the list: Maryland and Virginia, along with Missouri and New Mexico. Theoretically, this could lead to higher borrowing costs, but more likely would just ding Maryland's reputation.

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