Puerto Rico Infrastructure Financing Authority (PRIFA)

Website (in Spanish): http://www.bgfpr.com/2013

Credit Ratings

Credit Rating Reports on PRIFA

Go to Commonwealth section to access other credit rating reports affecting PRIFA debt     Standard & Poor's - January 28, 2016 Standard & Poor's - February 27, 2015 Standard & Poor's - July 28, 2014 Standard & Poor's - September 6, 2012 Standard & Poor's - December 9, 2011

Security

The Special Tax Revenue Bonds are payable from a specified amount of Federal excise taxes received by Puerto Rico from the United States. Such taxes, presently imposed solely on Puerto Rico rum, are subject to being applied first to Commonwealth of Puerto Rico general obligation and guaranteed debt if other Commonwealth revenues are insufficient thereof. If such taxes fall below these specified amounts, an appropriation shall be required to be included in the central government budget to cover such insufficiency. The Puerto Rico Legislative Assembly, however, is not legally obligated to make the necessary appropriation.

Functions

The Authority is an affiliate of GDB which was created in 1988 to provide financial, administrative and other types of assistance to the Commonwealth of Puerto Rico, its public corporations and instrumentalities responsible for developing and operating infrastructure facilities.

Trustee Under the Trust Agreement:

US Bank

Financial Statements Audited by:
RSM Puerto Rico

Financial Statements