TCRLA_Public/100909.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                      L A T I N  A M E R I C A

           Thursday, September 9, 2010, Vol. 11, No. 178

                            Headlines



A R G E N T I N A

ALFA COMERCIALIZACIONES: Creditors' Proofs of Debt Due on Oct. 15
ESTABLECIMIENTO: Asks for Opening of Preventive Contest
FOOD & SERVICES: Creditors' Proofs of Debt Due on November 19
TELC SRL: Creditors' Proofs of Debt Due on September 28


B E R M U D A

STRATOS WEATHER: Creditors' Proofs of Debt Due on September 17
STRATOS WEATHER: Members' Final Meeting Set for October 5
TRADING 220: Creditors' Proofs of Debt Due on September 17
TRADING 220: Members' Final Meeting Set for October 8


C A Y M A N  I S L A N D S

APAX CAYMAN: Members' Final Meeting Set for October 8
APAX CAYMAN: Members' Final Meeting Set for October 8
APAX CAYMAN: Members' Final Meeting Set for October 8
BLUECREST INTERNATIONAL: Shareholders' Meeting Set for Sept. 30
HITACO INVESTMENTS: Shareholder to Hear Wind-Up Report on Sept. 30

HMTF CAYMAN: Members' Final Meeting Set for October 8
HMTF CAYMAN: Members' Final Meeting Set for October 8
HMTF CAYMAN: Members' Final Meeting Set for October 8
HMTF CAYMAN: Members' Final Meeting Set for October 8
HMTF CAYMAN: Members' Final Meeting Set for October 8

HMTF CAYMAN: Members' Final Meeting Set for October 8
HMTF CAYMAN: Members' Final Meeting Set for October 8
HMTF CAYMAN: Members' Final Meeting Set for October 8
LOOMIS SAYLES: Shareholders' Final Meeting Set for October 1
NATCO INVESTMENTS: Shareholder to Hear Wind-Up Report on Sept. 30

PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
UBS AIS: Shareholders' Final Meeting Set for October 15


M E X I C O

CEMEX SAB: S&P Changes Outlook to Stable; Affirms 'B' Rating


P E R U

BANCO DE CREDITO: Fitch Assigns Ratings on Senior Unsecured Notes
PACHAPAQUI MINE: Korea Zinc to Purchase Mine for US$47.5 Million


P U E R T O  R I C O

MANDY'S BBQ: Files Chapter 11 Petition in U.S.


T R I N I D A D  &  T O B A G O

HINDU CREDIT UNION: President Seeks Meeting With Government


U R U G U A Y

BANCO BILBAO: S&P Raises Counterparty Credit Ratings to 'BB'


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars




                         - - - - -


=================
A R G E N T I N A
=================


ALFA COMERCIALIZACIONES: Creditors' Proofs of Debt Due on Oct. 15
-----------------------------------------------------------------
Mauricio Rosenblum, the court-appointed trustee for Alfa
Comercializaciones SA's bankruptcy proceedings, will be verifying
creditors' proofs of claim until October 15, 2010.

Mr. Rosenblum will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 17 in Buenos Aires, with the assistance of Clerk
No. 34, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Mauricio Rosenblum
         Bartolome Mitre 2296
         Argentina


ESTABLECIMIENTO: Asks for Opening of Preventive Contest
-------------------------------------------------------
Establecimiento Frigorifico Azul SA asked for preventive contest.

The company stopped making payments last July 16, 2010.


FOOD & SERVICES: Creditors' Proofs of Debt Due on November 19
-------------------------------------------------------------
Sergio Gomez Marti, the court-appointed trustee for Food &
Services Consulting SA's reorganization proceedings will be
verifying creditors' proofs of claim until November 19, 2010.

Mr. Marti will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 23
in Buenos Aires, with the assistance of Clerk No. 45, will
determine if the verified claims are admissible, taking into
account the trustee's opinion, and the objections and challenges
that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan
during the assembly on August 22, 2011.

The Trustee can be reached at:

         Sergio Gomez Marti
         Viamonte 1546
         Argentina


TELC SRL: Creditors' Proofs of Debt Due on September 28
-------------------------------------------------------
Oscar Chapiro, the court-appointed trustee for Southern Star SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until September 28, 2010.

Mr. Chapiro will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 5 in Buenos Aires, with the assistance of Clerk
No. 10, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Oscar Chapiro
         Virrey del Pino 1739
         Argentina


=============
B E R M U D A
=============


STRATOS WEATHER: Creditors' Proofs of Debt Due on September 17
--------------------------------------------------------------
The creditors of Stratos Weather Risk Bermuda Ltd. are required to
file their proofs of debt by September 17, 2010, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 2, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


STRATOS WEATHER: Members' Final Meeting Set for October 5
---------------------------------------------------------
The members of Stratos Weather Risk Bermuda Ltd. will hold their
final meeting, on October 5, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on September 2, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, Church Street
         Hamilton
         Bermuda


TRADING 220: Creditors' Proofs of Debt Due on September 17
----------------------------------------------------------
The creditors of Trading 220 (Series C) Limited are required to
file their proofs of debt by September 17, 2010, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 2, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


TRADING 220: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of Trading 220 (Series C) Limited will hold their
final meeting, on October 8, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on September 2, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


==========================
C A Y M A N  I S L A N D S
==========================


APAX CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of Apax Cayman Seven Limited will hold their final
meeting, on October 8, 2010, at 10:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


APAX CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of Apax Cayman Ten Limited will hold their final
meeting, on October 8, 2010, at 11:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


APAX CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of Apax Cayman Eleven Limited will hold their final
meeting, on October 8, 2010, at 11:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


BLUECREST INTERNATIONAL: Shareholders' Meeting Set for Sept. 30
---------------------------------------------------------------
The shareholders of Bluecrest International II Ltd. will hold
their final meeting, on September 30, 2010, at 8:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         John Sutlic
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KYI-1102
         Cayman Islands


HITACO INVESTMENTS: Shareholder to Hear Wind-Up Report on Sept. 30
------------------------------------------------------------------
The sole shareholder of Hitaco Investments Ltd. will receive, on
September 30, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Vaughn Rose
         Telephone: (345) 949-2001
         Facsimile: (345) 949-7097
         #6 Cardinall Avenue
         PO Box 501, Grand Cayman KY1-1106
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Two Limited will hold their final
meeting, on October 8, 2010, at 11:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Three Limited will hold their final
meeting, on October 8, 2010, at 11:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Six Limited will hold their final
meeting, on October 8, 2010, at 12:00 noon, to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Seven Limited will hold their final
meeting, on October 8, 2010, at 12:15 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Ten Limited will hold their final
meeting, on October 8, 2010, at 12:30 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Eleven Limited will hold their final
meeting, on October 8, 2010, at 12:45 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Fourteen Limited will hold their final
meeting, on October 8, 2010, at 1:00 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


HMTF CAYMAN: Members' Final Meeting Set for October 8
-----------------------------------------------------
The members of HMTF Cayman Fifteen Limited will hold their final
meeting, on October 8, 2010, at 1:15 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


LOOMIS SAYLES: Shareholders' Final Meeting Set for October 1
------------------------------------------------------------
The shareholders of Loomis Sayles Hedged Loan Master Alpha, Ltd.
will hold their final meeting, on October 1, 2010, at 11:15 a.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street
         George Town Grand Cayman, KY1-9002
         Cayman Islands


NATCO INVESTMENTS: Shareholder to Hear Wind-Up Report on Sept. 30
-----------------------------------------------------------------
The sole shareholder of Natco Investments Ltd. will receive, on
September 30, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         Vaughn Rose
         Telephone: (345) 949-2001
         Facsimile: (345) 949-7097
         #6 Cardinall Avenue
         PO Box 501, Grand Cayman KY1-1106
         Cayman Islands


PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
----------------------------------------------------------
The members of Patriocof Cayman Two Limited will hold their final
meeting, on October 8, 2010, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
----------------------------------------------------------
The members of Patriocof Cayman Three Limited will hold their
final meeting, on October 8, 2010, at 9:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
----------------------------------------------------------
The members of Patriocof Cayman Six Limited will hold their final
meeting, on October 8, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


PATRIOCOF CAYMAN: Members' Final Meeting Set for October 8
----------------------------------------------------------
The members of Patriocof Cayman Seven Limited will hold their
final meeting, on October 8, 2010, at 9:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David A.K. Walker
         c/o Sarah Moxam
         Telephone: (345) 949 7000
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


UBS AIS: Shareholders' Final Meeting Set for October 15
-------------------------------------------------------
The shareholders of UBS AIS Strategy Fund-Event Driven (Feeder)
Limited will hold their final meeting, on October 15, 2010, at
10:30 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

         Graham Robinson
         c/o Charmaine Cayasso
         Telephone: (345) 949-7576
         Facsimile: (345) 949-8295
         P.O. Box 897, Windward 1
         Regatta Office Park
         Grand Cayman KY1-1103
         Cayman Islands


===========
M E X I C O
===========


CEMEX SAB: S&P Changes Outlook to Stable; Affirms 'B' Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its
outlook on Mexico-based building materials company Cemex S.A.B. de
C.V. to stable from positive.

At the same time, S&P affirmed its 'B' corporate credit ratings on
the company and four key subsidiaries.

"The outlook action reflects S&P's view that Cemex's operating and
financial recovery will take longer than S&P had previously
expected," said Standard & Poor's credit analyst Laura Martinez.

S&P base this opinion on the company's weak second-quarter
results, its downward revision of 2010 profit guidance, and the
industry's weaker recovery prospects in key markets, particularly
in the U.S.  This forecast compares unfavorably with S&P's
previous expectations of an improvement in volume and free
operating cash flow generation during 2010, on forecasted better
conditions in the global economy.

The stable outlook reflects S&P's expectation that Cemex's FOCF
will continue to recover gradually and should be sufficient to
meet its medium-term debt maturities, with its key financial
ratios also showing some improvement in the coming quarters.


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P E R U
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BANCO DE CREDITO: Fitch Assigns Ratings on Senior Unsecured Notes
-----------------------------------------------------------------
Fitch Ratings has assigned Banco de Credito del Peru's upcoming
10-year U.S. dollar senior unsecured fixed-rate notes an expected
long-term rating of 'BBB'.  The notes - for an amount to be
determined - will be issued by BCP through its Panamanian branch.

Principal will mature in 10 years, and interest payments will be
made semi-annually until maturity.  The notes will carry a fixed
interest rate to be set at time of issuance.  The final rating is
contingent upon the receipt of final documents conforming to
information already received.

BCP has a long-term local currency Issuer Default Rating of 'BBB',
and a long-term foreign currency IDR of 'BBB'.  The notes will
rank pari-passu with all of BCP's existing and future senior
unsecured debt and will be senior to BCP's existing and future
subordinated and junior subordinated debt.

BCP will use the proceeds from the planned issue for general
corporate purposes.  Although its leverage will increase in the
short run, Fitch expects that gradual debt replacement and
continued growth and positive returns, will allow the bank to
sustain adequate capital levels.

BCP is Peru's largest bank, with a dominating market share of
about 37% of the system's assets.  It is the principal operating
company within Credicorp, Peru's largest financial services
company, which controls 97.4% of BCP; Credicorp is widely held.

Fitch rates BCP:

  -- Foreign currency long-term IDR 'BBB';
  -- Foreign currency short-term IDR 'F2';
  -- Local currency long-term IDR 'BBB';
  -- Local currency short-term IDR 'F2';
  -- Individual rating 'C';
  -- Support rating '3';
  -- Support floor 'BB+';
  -- Subordinated debt 'BBB-';
  -- Junior subordinated debt 'BB+'.

The Rating Outlook is Stable.


PACHAPAQUI MINE: Korea Zinc to Purchase Mine for US$47.5 Million
----------------------------------------------------------------
Bomi Lim and Sungwoo Park at Bloomberg News report that Korea Zinc
Co. will buy Pachapaqui mine in Peru for US$47.5 million to secure
stable supplies of raw materials.  The report relates that
Pachapaqui mine's operations were suspended because of financial
difficulties.

According to the report, Korea Zinc plans to gradually expand the
mine's capacity.  The report relates that Korea Zinc will take all
of the mined resources from the site.

Pachapaqui mine is located 240 kilometers (149 miles) north of
Lima.  The mine produced copper, lead and silver.


====================
P U E R T O  R I C O
====================


MANDY'S BBQ: Files Chapter 11 Petition in U.S.
----------------------------------------------
Mandy's BBQ has filed for Chapter 11 protection on September 2,
2010, in the United States with nearly US$3 million in total
liabilities.  Caribbeanbusinesspr.com reports that the company
listed US$1.8 million in secured debt.

According to the report, US$1.7 million of the total secured debt
is owed to Eurobank, which was seized by the Federal Deposit
Insurance Corp. and auctioned off to Oriental Financial Group in
April.  The report notes that Eurobank was also listed as an
unsecured creditor with a claim for US$76,500.

The report says that the filing lists more than US$644,000 in
unsecured debt.  Of that, the report notes, US$300,000 is owed to
R&G Premier Bank, which the FDIC failed and sold to Scotiabank in
April.

Caribbeanbusinesspr.com discloses that other large unsecured
creditors include:

   -- Treasury Department (US$200,600);
   -- federal Internal Revenue Service (US$180,000);
   -- Municipal Revenue Collection Center (US$69,900);
   -- Labor Department (US$46,000);
   -- FirstBank Puerto Rico (US$60,000);
   -- V Suarez (US$54,000);
   -- RJ Industrial (US$40,000);
   -- San Juan municipal government (US$30,400);
   -- Legrand (US$26,700);
   -- Northwestern Selecta (US$23,900); and
   -- Isidoro Roffe Cohen (US$21,000).

The Chapter 11 bankruptcy filing lists US$2 million in real
property and US$486,605 in personal property, the report adds.

                       About Mandy's BBQ

Headquartered in Hato Rey, Puerto Rico, Mandy's BBQ is a
restaurant chain with at least five eateries around the San Juan
metropolitan area.


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T R I N I D A D  &  T O B A G O
===============================


HINDU CREDIT UNION: President Seeks Meeting With Government
-----------------------------------------------------------
Joel Julien at Trinidad Express reports that Hindu Credit Union
Co-Operative Society Limited President Harry Harnarine wants a
meeting with the government to determine a way forward for the
affected members of the failed cooperative society.  The report
relates that the request came one day before Finance Minister
Winston Dookeran presents the 2010/2011 national budget in
Parliament.

According to the report, government sources have suggested a
fiscal measure will be put in place for members and depositors of
the HCU in the budget.

The report notes that Mr. Harnarine's request was supported by the
HCU board of directors, members of the HCU Shareholders and
Depositors Group and the HCU Depositors Company Ltd.

Mr. Harnarine, the report relates, said he was not looking for a
"bailout" from the State but, instead, was seeking the payment for
damages related to the HCU's assets.  Mr. Harnarine valued the
damages at TT$150 million.

Meanwhile, Robert Nandlal, president of the HCU Depositors and
Shareholders Group, also challenged the authority of Deosaran
Bisnath, head of the HCU Credit Union Group, to address matters
affecting the failed cooperative society.

                         About Hindu Credit

Hindu Credit Union Co-Operative Society Limited (HCU)
--http://www.ourhcu.com/-- is headquartered in Borough,
Chaguanas, in Trinidad and Tobago.

As reported in the Troubled Company Reporter-Latin America on
July 28, 2008, the High Court of Trinidad and Tobago granted the
government full control of Hindu Credit as the company faces
financial difficulties, leaving depositors in limbo despite
requests from lawyers.  In June 2008, chartered accountants Ernst
and Young inspected Hindu Credit's books, accounts, and records
after a public outcry and calls for an internal audit.  Charles
Mitchell, the Commissioner for Co-Operative Development,
represents Hindu Credit's depositors.


=============
U R U G U A Y
=============


BANCO BILBAO: S&P Raises Counterparty Credit Ratings to 'BB'
------------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its long-
term counterparty credit ratings on Banco Bilbao Vizcaya
Argentaria Uruguay, Citibank N.A. (Uruguay Branch), and Discount
Bank Latin America S.A. to 'BB' from 'BB-', in tandem with the
Sept. 6, 2010, sovereign upgrade on the Oriental Republic of
Uruguay (BB/Stable/B).  The outlooks are stable.

"These actions reflect S&P's assessment that prudent macroeconomic
management amid sustained economic growth will continue to reduce
Uruguay's remaining credit vulnerabilities over the medium term,"
said Standard & Poor's credit analyst Delfina Cavanagh.

S&P expects that a successful economic policy framework that
combines a solid commitment with strengthening macroeconomic
stability and a gradual progress on the reform agenda will
continue under President Jose Mujica's administration based on the
support initially given to an experienced economic team.  S&P
further believes that the improved conditions in Uruguay will
benefit the overall credit quality of its financial system.


===============
X X X X X X X X
===============


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Sept. 14, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/NYIC Golf and Tennis Fundraiser
        Maplewood Golf Club, Maplewood, N.J.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 20, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     Complex Financial Restructuring Program
        Fordham Law School, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 22-23, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/NYU Bankruptcy and Business Reorganization Workshop
        New York University School of Law, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 23-25, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Southwest Bankruptcy Conference
        Four Seasons Las Vegas, Las Vegas, Nev.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/UMKC Midwestern Bankruptcy Institute
        Kansas City Marriott Downtown, Kansas City, Kan.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/GULC "Views from the Bench"
        Georgetown University Law Center, Washington, D.C.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 6-8, 2010
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        JW Marriott Grande Lakes, Orlando, Florida
           Contact: http://www.turnaround.org/

Oct. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Chicago Consumer Bankruptcy Conference
        Standard Club, Chicago, Ill.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 15, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Hilton New Orleans Riverside, New Orleans, La.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 28, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Level Professional Development Program
        Weil, Gotshal & Manges LLP, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 29, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        The Savoy, London, England
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. __, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Delaware Views from the Bench and Bankruptcy Bar
        Hotel du Pont, Wilmington, Del.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Detroit Consumer Bankruptcy Conference
        Hyatt Regency Dearborn, Dearborn, Mich.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29, 2010
  RENAISSANCE AMERICAN MANAGEMENT, INC. & BEARD GROUP, INC.
     17th Annual Distressed Investing Conference
        The Helmsley Park Lane Hotel, New York City
           Contact: 1-903-595-3800;
                    http://www.renaissanceamerican.com/

Dec. 9-11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        Camelback Inn, a JW Marriott Resort & Spa,
        Scottsdale, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2-4, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     22nd Annual Winter Leadership Conference
        Camelback Inn, Scottsdale, Arizona
           Contact: 1-703-739-0800; http://www.abiworld.org/

January 26-28, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Distressed Investing Conference
        Aria Las Vegas
           Contact: http://www.turnaround.org/

Jan. 27-28, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Rocky Mountain Bankruptcy Conference
        Westin Tabor Center, Denver, Colo.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 3-5, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Caribbean Insolvency Symposium
        Westin Casuarina Resort & Spa, Grand Cayman Island
           Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 24-25, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Valcon
        Four Seasons Las Vegas, Las Vegas, Nev.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 4, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Bankruptcy Battleground West
        Hyatt Regency Century Plaza, Los Angeles, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 7-9, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Conrad Duberstein Moot Court Competition
        Duberstein U.S. Courthouse, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Nuts and Bolts - Florida
        Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     SUCL/ Alexander L. Paskay Seminar on
     Bankruptcy Law and Practice
        Marriott Tampa Waterside, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 17-19, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Byrne Judicial Clerkship Institute
        Pepperdine University School of Law, Malibu, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

April 27-29, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        JW Marriott, Chicago, IL
           Contact: http://www.turnaround.org/

May 5, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Nuts and Bolts - New York City
        Association of the Bar of the City of New York,
        New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

May 6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     New York City Bankruptcy Conference
        Hilton New York, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Canadian-American Cross-Border Insolvency Symposium
        Fairmont Royal York, Toronto, Ont.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Central States Bankruptcy Workshop
        Grand Traverse Resort and Spa, Traverse City, Mich.
              Contact: http://www.abiworld.org/

July 21-24, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Northeast Bankruptcy Conference
        Hyatt Regency Newport, Newport, R.I.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 27-30, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Sanctuary at Kiawah Island, Kiawah Island, S.C.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hotel Hershey, Hershey, Pa.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Tampa Convention Center, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. __, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        Dublin, Ireland
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     Hilton San Diego Bayfront, San Diego, CA
        Contact: http://www.turnaround.org/

Dec. 1-3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     23rd Annual Winter Leadership Conference
        La Quinta Resort & Spa, La Quinta, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 19-22, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Ritz-Carlton Amelia Island, Amelia Island, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29 - Dec. 2, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.


                            ***********

Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter - Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravente, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.


Copyright 2010.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.


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