Standard&Poor's Ratings Services raised its issuer credit rating (ICR) one notch to 'AA-' from 'A+' on Temple Independent School District, Texas based on the district's historically very strong financial position. At the same time, Standard&Poor's affirmed its 'AAA' enhanced rating on the district's outstanding general obligation (GO) bonds. The outlook on all ratings is stable. The enhanced program rating reflects the credit enhancement provided by the Texas Permanent School Fund. The ICR reflects our opinion of the district's: Role as a major regional market in central Texas between Dallas and Austin and a diversifying regional economy; Sustained assessed valuation (AV) growth; Very strong financial position, albeit recent operating deficits; and Moderate overall debt burden. These strengths
