Standard&Poor's Ratings Services assigned its 'AA' rating to Temple, Texas' series 2016 combination tax and revenue certificates of obligation and series 2016 general obligation (GO) refunding bonds. At the same time we affirmed our 'AA' rating on the city's existing GO debt. The outlook is stable. Ad valorem taxes levied on all taxable property in the city secure the bonds. The maximum allowable rate in Texas is $2.50 per $100 of assessed value (AV) for all purposes, with the portion dedicated to debt service limited to $1.50. The city's home rule charter limits its tax rate to $1.20. The city's levy is below the maximum at 62.98 cents, 30.64 cents of which is dedicated to debt service. The
