Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Plano, Texas' series 2008 GO bonds and series 2008 tax notes and affirmed its 'AAA' rating, with a stable outlook, on the city's previously issued GO debt. The rating reflects the city's: Deep, diversified economic and employment base; Significantly above-average wealth and income levels; Conservative and sophisticated financial and debt management policies that include long-range budget and capital plans; Solid general fund reserves, which are augmented by additional reserves in various funds, providing significant revenue-raising flexibility; and Manageable debt levels, enhanced by rapid principal amortization and an increasing percent of capital improvements funded through pay-as-you-go financing, as well as limited additional debt needs. The city's full faith
