Town of Queen Creek recognized for excellent financial strength

Standard and Poor’s (S&P), a globally recognized credit rating agency, has increased the Town of Queen Creek’s bond rating from “A-” to “A.” In addition, S&P raised the Town’s financial assessment from “standard” to “good.” In these tough economic times, residents can rest assured that the Town is in excellent financial standing and will continue to provide quality services.

“Having S&P increase the Town’s bond rating from an ‘A-‘ to and ‘A’ is very good news for our community,” said John Kross, Queen Creek Town Manager. “The higher rating means that the Town’s overall rating increases slightly from its current ‘A-’ status. This rating adjustment is a strong indicator of the Town’s overall financial health.”

The Town adopted a balanced budget for 2009 and has over $2.3 million in emergency funds set aside for this year to pay for any unseen events. Its general fund reserve and debt policies also received recognition from the rating agency. Queen Creek was one of nine municipalities regionally that received an upgraded rating.

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