Editing text
To edit a text object, click the Selection Tool You can resize a text object by selecting it and then dragging one of the resize handles on its bounding box. If you resize a text object created with the Text Tool, the text becomes larger or smaller, and/or its font-stretch property is increased or decreased. On the other hand, if you resize a text object created with the Text Area Tool, the text reflows within the resized area while its size remains the same.
on the Text tab of the Properties window. However, you cannot edit the text using this method.
Editing text