Alejandro Camporreale, Executive Director
Puerto Rico Sales Tax Financing Corporation (COFINA)
Puerto Rico Sales Tax Financing Corporation (COFINA)
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The Puerto Rico Sales Tax Financing Corporation (COFINA) is pleased to report that total 5.5% Sales and Use Tax (SUT) collections for Fiscal Year 2025 have exceeded projections. As of June 30, 2025, the Puerto Rico Treasury Department reports total 5.5% SU.T collections of $1.9 billion.
This performance translates to a Debt Service Coverage Ratio (DSCR) of 3.62x against COFINA’s contractual debt service, underscoring strong pledged revenue sufficiency and fiscal stability. The Corporation’s continued ability to collect pledged SUT revenues well in excess of debt service requirements supports its long-term creditworthiness and resilience.
COFINA remains committed to transparency, compliance, and proactive fiscal management in line with its certified Fiscal Plan and continuing disclosure obligations. We thank our partners at the Department of Treasury, the Trustee, and the broader public finance team for their coordination and commitment to COFINA’s mission
