Standard&Poor's Ratings Services assigned its 'AAA' program rating and 'AA-' school issuer credit rating (ICR) and stable outlook to Temple Independent School District, Texas' series 2012 unlimited-tax general obligation (GO) refunding bonds and affirmed its 'AAA' program rating and 'AA-' ICR, with a stable outlook, on the district's existing GO debt. The program rating reflects our assessment of the credit enhancement provided by the Texas Permanent School Fund bond guarantee program. The ICR reflects our opinion of the district's: Role as a major regional market in central Texas between Dallas and Austin, as well as a diversifying regional economy; Good income; and Historically very strong finances. We believe these strengths are somewhat weakened by what we consider the
