Puerto Rico Aqueduct and Sewer Authority (PRASA)

Website: http://www.acueductospr.com

Credit Ratings

Security

Revenue Bonds are payable from the Authority's gross revenues. Revenues are derived from charges for water and wastewater services. The Authority's power to raise rates is not subject to the approval of any regulatory agency.

Functions

The Authority owns and operates the island-wide public water and wastewater systems. Over 97 percent of Puerto Rico's population is served by the Authority's water system, and approximately 55 percent of the population receives service from the Authority's wastewater system. A continuing program to expand and upgrade the system is being carried out by the Authority. This program is financed through the issuance of Bonds, and by Federal grants, internally generated funds, and Commonwealth appropriations.

Trustee Under the Trust Agreement

Banco Popular de Puerto Rico

Financial Statements Audited by:
Ernst & Young

Consulting Engineers:
MP Engineers of PR/Malcolm Pirnie PR