Los Angeles Times

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