Queen Creek, AZ Excise Tax And Revenue Obligations Long-Term Ratings Raised To 'AA+' From 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research

Queen Creek, AZ Excise Tax And Revenue Obligations Long-Term Ratings Raised To 'AA+' From 'AA'; Outlook Stable

Queen Creek, AZ Excise Tax And Revenue Obligations Long-Term Ratings Raised To 'AA+' From 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research
Queen Creek, AZ Excise Tax And Revenue Obligations Long-Term Ratings Raised To 'AA+' From 'AA'; Outlook Stable
Published Apr 01, 2022
2 pages (1063 words) — Published Apr 01, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

CENTENNIAL (S&P Global Ratings) April 1, 2022--S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on Queen Creek, Ariz.'s outstanding excise tax and state-shared revenue obligations. At the same time, S&P Global Ratings assigned its 'AA+' long-term rating to the town's anticipated $119.6 million series 2022 excise tax and state-shared revenue obligations. The outlook is stable. "The raised rating reflects our view of an improvement in the town's economic metrics as the population continues to grow," said S&P Global Ratings credit analyst Alyssa Farrell. "It further reflects our view of the maintenance of a positive revenue trend and very strong coverage on the lien despite the COVID-19 pandemic," she added.

  
Brief Excerpt:

...April 1, 2022 CENTENNIAL (S&P Global Ratings) April 1, 2022--S&P Global Ratings raised its long-term rating to '##+' from '##' on Queen Creek, Ariz.'s outstanding excise tax and state-shared revenue obligations. At the same time, S&P Global Ratings assigned its '##+' long-term rating to the town's anticipated $119.6 million series 2022 excise tax and state-shared revenue obligations. The outlook is stable. "The raised rating reflects our view of an improvement in the town's economic metrics as the population continues to grow," said S&P Global Ratings credit analyst Alyssa Farrell. "It further reflects our view of the maintenance of a positive revenue trend and very strong coverage on the lien despite the COVID-19 pandemic," she added....

  
Report Type:

Ratings Action

Issuer
Queen Creek Town
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Queen Creek, AZ Excise Tax And Revenue Obligations Long-Term Ratings Raised To 'AA+' From 'AA'; Outlook Stable" Apr 01, 2022. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Queen-Creek-AZ-Excise-Tax-And-Revenue-Obligations-Long-Term-Ratings-Raised-To-AA-From-AA-Outlook-Stable-2818920>
  
APA:
S&P Global Ratings’ Credit Research. (). Queen Creek, AZ Excise Tax And Revenue Obligations Long-Term Ratings Raised To 'AA+' From 'AA'; Outlook Stable Apr 01, 2022. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Queen-Creek-AZ-Excise-Tax-And-Revenue-Obligations-Long-Term-Ratings-Raised-To-AA-From-AA-Outlook-Stable-2818920>
  
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