Puerto Rico Infrastructure Financing Authority (PRIFA)

Website: http://www.afi.gobierno.pr

Credit Ratings

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 Government of Puerto Rico general obligation and guaranteed debt if other Government 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 Government 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:
Deloitte & Touche