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Puerto Rico Aqueduct and Sewer Authority (PRASA)
 
Website: http://www.acueductospr.com
Credit Ratings
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Moody's |
Standard & Poor's |
Fitch |
Revenue Bonds
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Baa2 |
BBB- |
BBB/Stable |
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Security
Revenue Bonds are payable from the Authority's net 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
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* Ratings reflect the full guarantee by the Commonwealth of Puerto Rico on PRASA's Series 1995 outstanding bonds. Currently, the Authority is paying the annual debt service on these bonds. |
Official Statements |
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Puerto Rico Aqueduct and Sewer Authority - $284,755,000
$159,055,000 Revenue Refunding Bonds, 2008 Series A
$125,700,000 Revenue Refunding Bonds, 2008 Series B
March 7, 2008 |
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Puerto Rico Aqueduct and Sewer Authority - $1,316,204,456
Revenue Bonds, Series A (Senior Lien)
March 7, 2008 |
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Puerto Rico Aqueduct and Sewer Authority - $22,445,000
Revenue Bonds, Series B (Senior Lien)
March 7, 2008 |
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Financial Statements |
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