Following the implementation of PRIFA’s debt restructuring on March 15, 2022, and the discharge of PRIFA-BANs, PRIFA-MEPSI Bonds and PRIFA-Ports Authority Project Bonds, PRIFA has no outstanding bonds. Click HERE for further information on the debt restructuring refer to the Plan of Adjustment, Findings of Facts and Confirmation Order.
Puerto Rico Infrastructure Financing Authority (PRIFA)
The Puerto Rico Infrastructure Financing Authority (“PRIFA”) is a public corporation of the Government created pursuant to Act No. 44 of June 21, 1988, as amended. PRIFA was created to provide financial, administrative, and other types of assistance to the Government, its public corporations and instrumentalities responsible for developing and operating infrastructure facilities.
Learn more about PRIFA here
CREDIT RATING DASHBOARD
Following the implementation of PRIFA’s debt restructuring on March 15, 2022, and the discharge of PRIFA-BANs, PRIFA-MEPSI Bonds and PRIFA-Ports Authority Project Bonds, PRIFA has no outstanding bonds.
Audited Financial Statements
Annual Financial Information
On October 8, 2022, the Financial Oversight and Management Board for Puerto Rico (“FOMB”) filed an application for the approval of a Qualifying Modification under Title VI of PROMESA for the PRIFA-Rum Bonds (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, the PRIFA-Rum Bonds were discharged and eliminated at an 86.5% discount. Likewise, the litigation concerning PRIFA-Rum Bonds was terminated. For a detailed overview of the Plan of Adjustment, click here.
The PRIFA-BANs and PRIFA-MEPSI Bonds were similarly discharged under recent restructuring transactions.
On December 27, 2019, the Ports Authority completed a private exchange that resulted in the resolution of over 92% of the PRIFA‐Ports Authority Project Series 2011B Bonds. The remaining debt was redeemed on June 2, 2023.