Hey bash: Is my array wrong?

gistfile1.txt

#!/bin/bash

bash --version

echo ""
echo ""

declare -A parse_data=( \
    ['http://user:pass@www.example.com:19741/dir1/dir2/file.php?param=some_value&array[0]="123"&param2=\`cat /etc/passwd\`#bottom-left']='declare -a parsed='\''([0]="http" [1]="user" [2]="pass" [3]="www.example.com:19741")'\' \
)

for url in "${!parse_data[@]}"; do
    ref="${parse_data[$url]}"
    echo "url=$url"
    echo "ref=$ref"
done

exit 0

GNU bash, version 4.2.46(2)-release (x86_64-redhat-linux-gnu)
Copyright (C) 2011 Free Software Foundation, Inc.
License GPLv3+: GNU GPL version 3 or later <http://gnu.org/licenses/gpl.html>

This is free software; you are free to change and redistribute it.
There is NO WARRANTY, to the extent permitted by law.


url=http://user:pass@www.example.com:19741/dir1/dir2/file.php?param=some_value&array[0
ref="123"&param2=\`cat /etc/passwd\`#bottom-left]=declare -a parsed='([0]="http" [1]="user" [2]="pass" [3]="www.example.com:19741")'