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Home > Investor Resources > Tax-Exempt Securities by Issuer > Puerto Rico Convention Center District Authority
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Puerto Rico Convention Center District Authority (PRCCDA)

 

Puerto Rico Convention Center District Authority

 

 

Website: http://www.prconvention.com

Credit Ratings

 
Moody's
Standard & Poor's
Fitch
Hotel Occupancy Tax Rev Bonds
Ca
     CC
NR

Credit Rating Reports on PRCCDA


arrow Go to Commonwealth section to access other credit rating reports affecting PRCCDA debt
   
arrow Standard & Poor's - September 6, 2012
arrow Standard & Poor's - March 09, 2006
 
 
 

Security

Hotel Occupancy Tax Revenue Bonds are payable primarily from certain revenues pledged therefor and derived from a hotel occupancy tax imposed by the Government of Puerto Rico and collected by the Puerto Rico Tourism Company on substantially all hotel room rentals in Puerto Rico. To the extent other Government revenues are insufficient to pay for the general obligation debts and other guaranteed debt of the Government, the hotel occupancy tax revenues are subject to being applied first to the payment of such debts and obligations before they may be applied to pay debt service of the Bonds. The Bonds are limited obligations of the Authority payable solely from the pledged revenues; they do not constitute public debt of the Government of Puerto Rico.

Functions

The Puerto Rico Convention Center District Authority is a public corporation created by Act No. 142 of October 4, 2001, as amended by Act No. 185 of August 3, 2004, to develop, manage and oversee the Puerto Rico Convention Center, the Coliseo de Puerto Rico José Miguel Agrelot, the Rivas Domenici Executive Airport, and other adjacent hospitality, commercial and residential developments within the District. The Convention District consists of 113 acres of prime land currently under development using public/private partnership structures, with government investment yielding to greater private investment into the economy and supporting its success. The District will include hotels, retail stores, residences and recreational areas. The modern and cutting edge Convention Center will be the drawing force for a new era of economic and tourist development in Puerto Rico.

Trustees Under the Trust Indenture:

JPMorgan Chase Bank, N.A.

Financial Statements Audited by:
LLM&D, P.S.C.

 

Financial Statements

arrow June 30, 2015
 

Official Statements

arrow Puerto Rico Convention Center District Authority - $468,800,000
Hotel Occupancy Tax Revenue Bonds, Series A
March 15, 2006

Fiscal Agency and Financial Advisory Authority Contact
Jesús M. García-Rivera
Vice President

Director of Revenue Obligations Financing
Revenue Obligations Department
Tel. (787) 722-2525 x-15250
Fax (787) 728-6835
Email: Jesus.M.Garcia@aafaf.pr.gov

PRCDA Contact
Víctor A. Suárez Meléndez, Eng.
Executive Director
Puerto Rico Convention Center District Authority
PO Box 19269

San Juan, PR 00910-1269
Tel. (787) 722-3309
Fax (787) 722-3305
Email: vsuarez@prcda.com
Email Assistant: ivilanova@prcda.com

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