A” bond rating Wednesday, when a key bond-rating agency downgraded its assessment of the state’s creditworthiness to Aa1. The move by Moody’s ends more than three decades in which Maryland held the highest bond rating from the three rating agencies: Moody’s,

Moody’s downgraded the state’s credit rating to Aa1. Maryland had received a triple-A bond rating from Moody’s since 1973. The state has benefitted from the higher rating by paying the lowest rates when it sells bonds to pay for infrastructure, likes roads and schools.

After months of speculation, Maryland officially lost its coveted triple A bond rating after Moody’s downgraded the state’s creditworthiness.In the latest repor