Standard&Poor's Ratings Services affirmed its 'A-' issuer credit rating (ICR), with a stable outlook, on Queen Creek, Ariz. The ICR reflects the town's: Local employment base with access to the diverse Phoenix MSA economy and above-average income and wealth indicators; and Strong historical financial performance. Limiting rating factors include the town's: High overall debt burden and below-average amortization of principal; Continued capital pressures related to transportation and commuter traffic from Pinal County; and Dependence on construction-related sales taxes, which are somewhat offset by management's practice of using onetime revenues for nonrecurring expenditures. Queen Creek is a rapidly growing town about 14 miles southeast of Chandler, Ariz. Incorporated in 1989, the town's population has increased by 365% since the
