The Washington Times - August 9, 2011, 11:56PM

Maryland’s and Virginia’s prized triple-A credit ratings appear safe, after Standard & Poor’s Ratings Services downgraded the federal government’s rating to AA-plus last week.

Virginia Governor Bob McDonnell said Tuesday morning on WNIS Norfolk that the top rating agencies have not communicated to Virginia that its AAA bond rating is in “immediate peril,” but that the state is keeping in touch with them.


Across the Potomac, Maryland Treasurer Nancy Kopp said the state’s rating was safe, noting a “very strong” investor demand for Maryland’s general obligation bonds in a bond sale late last month. She said the true interest cost on the bond sale was among the lowest since 1988.

The announcements follow an S&P report issued Monday titled: State and Local Government Ratings Are Not Directly Constrained by that of the U.S.Sovereign.”

In the meantime, a memo out of Fairfax County suggests the bond rater “has not taken any steps toward a general review or downgrade” of that county’s bond rating.