AAFAF - Autoridad de Asesoría Financiera y Agencia Fiscal de Puerto Rico

Puerto Rico Convention Center District Authority (CCDA)

The Puerto Rico Convention Center District Authority (“CCDA”) is a public corporation created pursuant to Act No. 351-2000, as amended. CCDA was created to develop, manage and oversee the Puerto Rico Convention Center, the Coliseo de Puerto Rico José Miguel Agrelot, and other adjacent hospitality, commercial and residential developments within the Convention Center District (the “District”). The District consists of 113 acres with hotels, restaurants, office space, and entertainment areas.

Learn more about CCDA here.

 

CREDIT RATING DASHBOARD

 

Following the implementation of CCDA’s debt restructuring on March 15, 2022, CCDA has no outstanding bonds.

Following the implementation of ERS’s debt restructuring on March 15, 2022, ERS has no outstanding bonds. Click HERE for further information on the debt restructuring refer to the Plan of Adjustment, Findings of Fact, and Confirmation Order.

The Financial Oversight and Management Board for Puerto Rico (“FOMB”) entered into the HTA/CCDA Related Plan Support Agreement, dated May 5, 2021, between the FOMB, Assured Guaranty Corp. and National Public Finance Guarantee Corporation (the “HTA/CCDA PSA”), which outlines the terms of a potential restructuring of CCDA and a settlement of claims against the Commonwealth related to the retention of funds historically allocated to CCDA.

On October 8, 2022, the FOMB filed an application for the approval of a Qualifying Modification under Title VI of PROMESA for CCDA (the “Qualifying Modification””), which was confirmed by the Court on January 20, 2022. On March 15, 2022, the Qualifying Modification became effective and, as a result, CCDA Bonds were discharged and eliminated at a 71% discount. Likewise, the litigation concerning CCDA Bonds was terminated.  For a detailed overview of the Plan of Adjustment, click here.