WASHINGTON — Virginia won applause from Moody’s Investors Service this week following an overhaul of its pension system, but neighboring Maryland received flak as the credit rating agency warned its proposed budget cuts could harm the credit of local governments.

While both states are among just eight to hold triple-A ratings from all three major rating agencies, and both are on negative outlooks due to their close economic ties to the cash-strapped federal government in Washington, D.C., Moody’s analysts took divergent views on major actions the two states have taken in the past weeks.

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