Standard&Poor's Ratings Services assigned its 'AA' rating and stable outlook to Temple, Texas' series 2014 general obligation (GO) refunding bonds and affirmed its 'AA' rating, with a stable outlook, on the city's existing GO debt based on Standard&Poor's local GO criteria, published Sept. 12, 2013, on RatingsDirect. Ad valorem taxes levied against all taxable property in the city secure the bonds. Officials plan to use bond proceeds to refinance certain maturities of the city's obligations outstanding for debt service savings. The rating reflects our opinion of the following factors for the city, including its: Adequate economy based on projected per capita effective buying income and market value per capita -- It, however, benefits from its participation
