S&P Global Ratings assigned its 'AA' rating to Temple , Texas' $92.1 million series 2025 utility system revenue bonds. At the same time, we affirmed our 'AA' rating on the utility's debt outstanding. The outlook is stable. The system's first-lien net water and sewer system revenue pledge secures the bonds. We consider bond provisions adequate. Officials intend to use the bond proceeds to fund a portion of the system's overall capital improvement plan (CIP). Total debt outstanding after issuance of the series 2025 is approximately $310 million (including GO-supported debt). The rating reflects our view of the utility system's sizable CIP, targeted at addressing aging infrastructure and capacity expansion, although we expect financial projections will remain stable given modest, annual
