S&P Global Ratings assigned its 'AAA' program rating and 'AA-' underlying rating for credit program to Temple Independent School District (ISD), Texas' unlimited-tax refunding bonds, series 2017 and affirmed its 'AA-' underlying rating on the district's existing GO debt. The outlook is stable. The program rating reflects our assessment of the district's eligibility for, and participation in, the Texas Permanent School Fund (PSF) bond guarantee program. The 'AA-' underlying rating reflects our view of Temple ISD's: Stable tax base, anchored by a local economy that benefits from its location in central Texas and is poised to experience modest growth over the next two to five years; Good income levels on a per capita basis, strong per capita market value, and