Maryland will keep its AAA bond rating from the ratings agency Moody's Investors Service, but one of Maryland's U.S. senators says there's still work to do to maintain it in the future.
Sen. Ben Cardin, who spoke to federal workers on Friday about the debt limit deal worked out in Congress this week, says Maryland's rating may be safe for the moment, but commitments made in the federal debt deal will need to be carried out.
The ratings agency confirmed Thursday that Maryland and four other states will keep their AAA ratings. Moody's had previously put the states on notice for a possible downgrade.
The agency said the states would keep their rating because the federal government has raised the debt ceiling and avoided a U.S. default.