WASHINGTON — Maryland Treasurer Nancy Kopp has been a force on her state’s political scene for decades, but the veteran politician doesn’t mince words when it comes to the negative outlook a major rating agency has put on the Old Line State's triple-A credit rating.
“We have a diverse economy,” said Kopp. “People think of us as basically a [federal] government state, I think.”
Moody's Investors Service placed Maryland on negative outlook, while still awarding its general obligation bonds a triple-A rating, because of the state’s high reliance on federal jobs at a time when there is budget pressure to downsize government spending.
The District of Columbia carries the same negative outlook, as does Virginia.The outlook particularly affects Maryland, which issues more general obligation bonds than many states, according to Kopp.
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3 comments:
Ms. Kopp what did you expect with what we have in power politics.Liars, crooks,and democrats.
I say get used to it! I love the Eastern Shore, but I really hate being governed by the state of Maryland!
The region as a whole needs to separate from Maryland. I was born and raised here, but have never considered myself a resident of Maryland, but of Delmarva.
We have nothing in common with them but in name only. I say please cut us loose and let us choose our own destiny!
The state of Maryland can go to Hell!
The state of Maryland can go to Hell!
May 3, 2012 7:09 PM
What makes you think we are not already there?
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