Standard&Poor's Ratings Services assigned its 'AA-' rating, and stable outlook, to Temple, Texas' series 2005 GO refunding bonds. The rating reflects the city's: Diversifying regional economy, Consistently strong financial management and operating results, and Moderate overall debt levels. Below-average wealth and income indicators are an offsetting factor. The city's full faith and credit pledge secures the bonds. Temple, with a population of 57,295, is the Killeen-Temple MSA's economic center. The city's beneficial location, 60 miles north of Austin, Texas on Interstate 35, has allowed it to grow as a distribution and retail center with a significant manufacturing sector. Temple is a net importer of labor with commuters doubling its daytime population. The city's 10 leading employers account for
