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 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 city's full faith and credit pledge secures the bonds and certificates. Officials will
