Standard&Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Temple, Texas' series 2010 utility system revenue bonds and affirmed its 'AA' underlying rating (SPUR), with a stable outlook, on the system's existing revenue debt. The rating reflects our opinion of the system's: Relatively stable and diverse service area economy, Consistently strong financial performance and resultant debt service coverage (DSC), Strong system liquidity, and Competitive utility rates. The service area's adequate, but below-average, wealth and income levels mitigate these strengths. A junior-lien pledge of the city water and sewer system's net operating revenues secures the bonds. The series 2010 bonds are on parity with the system's series 2008 bonds and 2006 bonds outstanding. Officials plan to
