Standard&Poor's Ratings Services assigned its 'AA' rating and stable outlook to Temple, Texas' series 2012 general obligation (GO) refunding bonds and series 2012 pass-through revenue and limited-tax bonds and affirmed its 'AA' rating, with a stable outlook, on the city's existing GO debt. The rating reflects our view of the city's: Strong regional economy with a favorable location along Interstate 35, Historically strong finances that are projected to remain strong, and Strong financial management practices. We believe the rating is somewhat constrained by the city's: Adequate, but below-average, wealth indicators; and Moderately high debt. Officials intend to use refunding bond proceeds to refund a portion of the city's debt, resulting in an estimated net present value savings of
