DALLAS (Standard&Poor's) June 26, 2008--Standard&Poor's Ratings Services raised its standard long-term rating and underlying (SPUR) on Temple, Texas' existing general obligation (GO) debt to 'AA' from 'AA-' due to the city's continued economic expansion and historically strong reserves. At the same time, Standard&Poor's assigned its 'AA' standard long-term rating to the city's $9.7 million series 2008 GO bonds and $14 million series 2008A certificates of obligation. The outlook on the ratings is stable. The ratings reflect the city's role as a major regional market in central Texas between Dallas and Austin and a diversifying regional economy, and moderate overall debt levels. The ratings are constrained by the city's adequate wealth and income indicators. The
