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Maryland Faces Recession Risk, Bond Rating Downgraded

8/30/2025

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Summary

Story summary

Maryland is one of 21 states and Washington, D.C., identified as high recession risks by Moody's chief economist Mark Zandi.
Zandi indicated that the U.S. economy is nearing recession, with one-third of states showing negative trends.
Moody's has downgraded Maryland's AAA bond rating due to economic underperformance associated with federal policies.

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Story summary

Maryland is one of 21 states and Washington, D.C., identified as high recession risks by Moody's chief economist Mark Zandi.
Zandi indicated that the U.S. economy is nearing recession, with one-third of states showing negative trends.
Moody's has downgraded Maryland's AAA bond rating due to economic underperformance associated with federal policies.