Standard&Poor's Ratings Services assigned its 'AA-' underlying rating and 'AAA' enhanced program rating to Temple Independent School District, Texas' series 2015 unlimited-tax refunding bonds. At the same time, Standard&Poor's affirmed its 'AA-' underlying rating on the district's general obligation (GO) debt outstanding. The outlook on all ratings is stable. The program rating reflects our assessment of the credit enhancement provided by the Texas Permanent School Fund bond guarantee program. The 'AA-' underlying rating reflects our view of the district's: Expanding property tax base, anchored by a local economy that benefits from its role as a regional economic center in central Texas; Good income levels, strong per capita market value, and low unemployment rates; Very strong reserve
