NEW YORK - Moody's Investors Service said it has affirmed Strafford County, N.H.'s Ba2 general obligation bond rating, affecting approximately $19.7 million in outstanding parity debt. Concurrently, Moody's has revised the outlook to stable from negative.

The bonds are secured by a general obligation unlimited tax pledge. The Ba2 rating reflects the county's continued weak financial position, limited liquidity, and heavy reliance on cash flow borrowing.

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