Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Plano, Texas' series 2014 general obligation (GO) refunding and improvement bonds. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating on the city's existing general obligation (GO) bonds, based on our local GO criteria released Sept. 12, 2013. The outlook is stable. The bonds are secured a direct and continuing annual ad valorem tax levied, within the limits prescribed by law, on all taxable property located within the city. Bond proceeds will be used to refund a portion of existing debt for interest rate savings, and to fund various capital improvements in the city, including a recreational center, public safety improvements, park and athletic facility improvements,
