DALLAS (Standard&Poor's CreditWire) Oct. 13, 2000--Standard&Poor's today raised its rating to triple-'B'-plus from triple-'B' on Temple, Texas' $530,000 tax increment revenue bonds. The outlook is stable. The upgrade reflects: -- An expanding, although highly concentrated, base of incremental assessed valuation (AV); -- The strong financial position of the zone; -- Strong historical debt service coverage; and -- A pay-as-you-go capital plan. Temple's Reinvestment Zone No. 1 tax increment revenue bonds are special obligations of the city payable from the pledged tax increments levied upon the total appraised value of the property located within the zone. The zone, which includes 12,650 acres in northwest Temple, contains industrial and manufacturing facilities and is 1.5 miles from the central
