Standard&Poor's Ratings Services assigned its 'AAA' long-term rating, with a stable outlook, to Plano, Texas' series 2010 general obligation (GO) refunding and improvement bonds and series 2010 combination tax and revenue certificates of obligation, and affirmed its 'AAA' rating on the city's existing GO debt. The ratings reflect our view of the city's: Deep, diversified economic and employment base; Very strong wealth and income levels; Conservative and sophisticated financial and debt management policies that include long-term budget and capital plans; Very strong general fund reserves, coupled with significant revenue-raising flexibility; and Manageable debt levels, enhanced by rapid principal amortization and moderate additional debt needs. The bonds are secured by a direct annual ad valorem tax levied on all
