TCRLA_Public/110520.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

               Friday, May 20, 2011, Vol. 12, No. 99

                            Headlines


A R G E N T I N A

CAJA DE VALORES: S&P Withdraws 'B/B' Global Scale Ratings


B E R M U D A

DAYLAMI FUND: Creditors' Proofs of Debt Due May 27
DAYLAMI FUND: Member to Receive Wind-Up Report on June 17
ESG RE: Appoints Morrison and Thresh as Liquidators
LSF KOREA: Creditors' Proofs of Debt Due May 27
LSF KOREA: Member to Receive Wind-Up Report on June 14

LSF5 US: Creditors' Proofs of Debt Due May 27
LSF5 US: Member to Receive Wind-Up Report on June 14


B R A Z I L

CENTRAI ELECTRICAS: Fitch Rates Senior Unsecured Notes 'B'
JBS USA: S&P Rates US$400-Mil. Term Loan and US$1-Bil. Notes 'BB'
SIFCO SA: Fitch Rates Currency Issuer Default Ratings at 'B-'


C A Y M A N   I S L A N D S

AFFIRMED HEALTHCARE: Creditors' Proofs of Debt Due June 9
CARAPACE LIMITED: Creditors' Proofs of Debt Due June 8
FOCUS PORTFOLIOS: Creditors' Proofs of Debt Due June 8
MADB LEASING: Creditors' Proofs of Debt Due June 9
MEDICAL FACTORING: Creditors' Proofs of Debt Due June 9

PARTNERS PRIVATE: Creditors' Proofs of Debt Due June 8
QUANTICA GENERAL: Creditors' Proofs of Debt Due June 8
SILOM LIMITED: Creditors' Proofs of Debt Due June 9
SUNSHINE INVESTMENT: Creditors' Proofs of Debt Due June 8


P U E R T O   R I C O

HOSPITAL DAMAS: Taps FPV&G to Assist in Medicare Cost Report
MEDSCI DIAGNOSTICS: Has Okay to Hire MRW as Forensic Accountant


T R I N I D A D  &  T O B A G O

TTEC: Faces TT$440 Million Deficit


                            - - - - -


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A R G E N T I N A
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CAJA DE VALORES: S&P Withdraws 'B/B' Global Scale Ratings
---------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'B/B' global scale
ratings and 'raAA/raA-1+' national scale ratings on Caja de
Valores S.A. at the company's request.


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


DAYLAMI FUND: Creditors' Proofs of Debt Due May 27
--------------------------------------------------
The creditors of Daylami Fund Limited are required to file their
proofs of debt by May 27, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on May 12, 2011.

The company's liquidator is:

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


DAYLAMI FUND: Member to Receive Wind-Up Report on June 17
---------------------------------------------------------
The member of Daylami Fund Limited will receive on June 17, 2011,
at 9:30 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company commenced wind-up proceedings on May 12, 2011.

The company's liquidator is:

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


ESG RE: Appoints Morrison and Thresh as Liquidators
---------------------------------------------------
On April 28, 2011, Michael W. Morrison and Charles Thresh were
appointed as liquidators of ESG Re Limited.


LSF KOREA: Creditors' Proofs of Debt Due May 27
-----------------------------------------------
The creditors of LSF Korea Capital, Ltd. are required to file
their proofs of debt by May 27, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on May 12, 2011.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM 11
         Bermuda


LSF KOREA: Member to Receive Wind-Up Report on June 14
------------------------------------------------------
The member of LSF Korea Capital, Ltd. will receive on June 14,
2011, at 9:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company commenced wind-up proceedings on May 12, 2011.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM 11
         Bermuda


LSF5 US: Creditors' Proofs of Debt Due May 27
---------------------------------------------
The creditors of LSF5 US Loan Pooling, Ltd. are required to file
their proofs of debt by May 27, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on May 13, 2011.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM 11
         Bermuda


LSF5 US: Member to Receive Wind-Up Report on June 14
----------------------------------------------------
The member of LSF5 US Loan Pooling, Ltd. will receive on June 14,
2011, at 9:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company commenced wind-up proceedings on May 13, 2011.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM 11
         Bermuda


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B R A Z I L
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CENTRAI ELECTRICAS: Fitch Rates Senior Unsecured Notes 'B'
----------------------------------------------------------
Fitch Ratings has assigned a 'B' rating to Centrais Eletricas do
Para S.A.'s (Celpa) proposed USD250 million to USD400 million
senior unsecured notes issuance. These notes have a call option
after three years and final maturity in 2016. The issuance has
been assigned an 'RR4' Recovery Rating, indicating an expected
average recovery (31%-50%) given default. The recovery rating
follows Fitch's cap for recovery ratings in Brazil of 'RR4'. The
proceeds of the issuance will be used to refinance existing debt.

Fitch rates Rede Energia and its subsidiaries Celpa and Centrais
Eletricas Matogrossenses S.A. (Cemat):

Celpa

   -- Local and foreign currency Issuer Default Ratings (IDRs)
      'B';

   -- Long-term national scale rating 'BBB(bra)';

   -- USD50 million notes units due in 2012 long-term
      international rating 'B/RR4' (issuance split with Cemat).

Rede Energia S.A. (Rede Energia)

   -- Local and foreign currency IDRs 'B-';

   -- Long-term national scale rating 'B(bra)';

   -- USD575 million perpetual notes long-term international
      rating 'B-/RR4';

   -- BRL370 million debenture issuance due in 2015 'B(bra)'.

Cemat

   -- Local and foreign currency IDRs 'B';

   -- Long-term national scale rating 'BBB(bra)';

   -- USD50 million notes units due in 2012 long-term
      international rating 'B/RR4' (issuance split with Celpa).

The Rating Outlook for all the corporate ratings is Stable.

The ratings assigned to Rede Energia and its operational
subsidiaries reflect the group's high refinancing risk, especially
of the holding company (Rede Energia) due to high leverage, large
short-term debt and limited liquidity. The ratings also reflect
the group's poor operating performance and its need for
operational performance improvement, especially the reduction of
Celpa's energy losses.

The difference between the ratings of Rede and its operational
subsidiaries reflects the significantly weaker credit profile of
the holding company compared to that of the operational companies
and the strong challenge of the holding company to obtain a
sustainable capital structure in the long term. Rede Energia
depends on dividends distribution from its subsidiaries, which, in
practice, have not been sufficient to meet its debt service. In
Fitch's opinion, existing total debt at the holding company level
is not compatible with the future dividends flow estimates, even
if in the coming years Rede Energia manages to successfully reduce
losses and maximize dividends flow. Fitch believes that only
restructuring measures such as capital injection or sale of assets
with relevant amounts would position the holding company in a
sustainable credit position.

High Refinancing Risk as a Major Concern:

Rede Group presents a tight liquidity position compared to its
short-term financial obligations and the expected continuity of
reduced future operational cash flow. The group has been efficient
in obtaining and renewing credit lines, which has allowed it a
reasonable financial flexibility. As of Dec. 31, 2010, Rede Group
reported BRL760 million in cash, compared to BRL2.3 billion in
adjusted short-term debt and BRL7.8 billion in total adjusted
debt. Debt is adjusted by rescheduled taxes, intercompany loans,
labor settlements and derivatives, among others. The group depends
on constant roll-overs of debt maturities which makes it more
vulnerable to scenarios of more restrictive market liquidity.

On a stand alone basis, Celpa reported cash and equivalents of
BRL213 million and total adjusted debt of BRL2.4 billion as of
March 31, 2011. Its debt profile also indicates a relevant
concentration in the short term, of BRL986 million, and a weak
coverage of this debt by its cash reserves. The proposed new
issuance should reduce Celpa's refinancing risk in the short term.
However, Fitch does not expect a substantial increase in liquidity
for debt coverage since Celpa's liquidity is in its majority
committed with capital expenditures, within three years.

Celpa has some unmet financial covenants related to the Inter-
American Development Bank (IDB) financing (BRL135 million
outstanding as of March 2011) for which the company has already
obtained a waiver for that period. For the coming quarters, these
covenants should continue unmet and the failure to obtain the
necessary waivers would bring immediate effects to the rating. The
unmet covenants are: total debt/EBITDA lower than 3.5 times (x),
total debt/(total debt + net worth) lower than 0.6x and total
short-term debt/ EBITDA lower than 0.75x, that compare to 4.5x,
0.7x and 2.0x, respectively, reported in Celpa's financial
statements of the last 12 months (LTM) ended March 2011.

Rede and some of its subsidiaries present moderate exposure to
foreign currency fluctuations. Approximately 18% of total adjusted
debt on a consolidated basis and 7.7% of Celpa's total adjusted
debt was exposed to foreign currency movements. The group uses
currency swaps to protect only principal payments on some dollar
denominated obligations and interest payments on the perpetual
notes, at the holding company level, are not protected. All of the
companies' revenues are denominated in Brazilian Reais.

Capital Structure at the Holding Company Level is not Sustainable
in the Long-Term:

Rede has as an important challenge to obtain a capital structure
that could allow the sustainability of its businesses in the long
term and the reduction of its high leverage and refinancing risks.
Fitch believes that a consistent change in its capital structure
will only be possible with the sale of a relevant asset or a
capital injection of a relevant amount that could also be
materialized by the entrance of a new shareholder.

Without these more comprehensive measures, even if the group is
successful in reducing energy losses and manages to increase its
consolidated operational cash flow, the potential increase in
dividends to the holding company may not be sufficiently strong to
support, in a balanced way, its debt service. Due to the
characteristics of the Brazilian energy distribution segment,
operating cash flow has limited growth potential, heightening
Rede's challenges.

High Leverage to Continue:

Rede Group's capital structure is weak and characterized by high
consolidated leverage. As of Dec. 31, 2010, total adjusted
debt/EBITDA was 7.7x and net adjusted debt/EBITDA was 6.3x,
compared to 7.9x and 7.1x, respectively, in 2009. The latter was
benefited by a higher cash position due to the capital increase of
BRL600 million made by FI-FGTS, a fund managed by Caixa Economica
Federal, in the third quarter of 2010. Interest coverage measured
by funds from operations (FFO) was low at 1.3x.

Fitch does not expect significant changes in Rede Energia's
consolidated credit metrics over the coming years without a
capital injection or sale of assets. FFO would likely continue to
be pressured by high interest and its planned capital
expenditures. This would likely result in negative free cash flow
(FCF) over the next few years. As of Dec. 31, 2010, Rede reported
consolidated EBITDA of BRL1.2 billion, FFO of BRL277 million and a
negative FCF of BRL1 billion. On a stand alone basis, Celpa
reported EBITDA of BRL364 million, FFO of BRL11 million and a
negative FCF of BRL657 million for the LTM ended on March 31,
2011, as per Fitch criteria.

Consumption Growth to Benefit Revenues; Third Tariff Review Cycle
Could Impact Cash Flow:

Rede Group's concession areas show growth potential in comparison
with the national average, yet, they are also subject to high
energy losses, especially Celpa. Rede's energy loss reduction
program will be a key driver for improvements in profitability in
the coming years. Fitch believes that EBITDA and FFO should
benefit from energy consumption growth in the captive concession
areas, which grew 7.5% in 2010 and by the group's cost control
measures. However, the tariff review cycle that starts in 2011
with Celpa could offset these improvements.

Consolidated net revenues increased 20% in 2010 compared with
2009. Excluding construction revenues, which were incorporated as
per the International Financial Reporting Standards (IFRS), the
evolution was 11% compared with the previous year. This growth was
primarily driven by the increase in the energy sales due to the
expansion of the customer base and, in a lesser extent, annual
tariff adjustments. The three main distribution companies of the
group, that represent 76% of total revenues on a consolidated
basis, had the following tariff adjustments in 2010: Celpa15.83%,
Cemat 10.08% and Enersul -1.38%.

On a stand alone basis, Celpa presented an evolution in net
revenues higher than the group, equivalent to 34% in 2010 and 18%
disregarding construction revenues. Based on the same criteria,
the company reported an increase of 44% and 14%, respectively, in
the first quarter of 2011 compared to the same period of the
previous year, driven by the annual tariff adjustment occurred in
August 2010 (+15.83%) and the continuity of consumption growth in
its captive market. On the other hand, the company is also
responsible for the large percentage of energy losses within the
group (30.5% in 2010, above the loss standards set by the
regulatory agency of 24.4%), partly as a consequence of its
expansion to rural areas due to the federal government energy
universalization program called 'Programa Luz para Todos'.

Celpa is the largest subsidiary of Rede Energia, a holding company
of a group primarily engaged in the energy distribution segment,
through nine distribution companies.

Celpa is an energy distribution concession that operates in the
State of Para, serving approximately 1.7 million clients in 2010.
The company represented 31% of Rede Energia's consolidated net
revenues and 27% of consolidated EBITDA in 2010 and was
responsible for 32% of total adjusted debt as of Dec. 31, 2010, as
per Fitch criteria.

Key Rating Drivers:

Ratings downgrades would most likely be driven by a deterioration
in the group's credit metrics, a more challenging credit scenario
that could limit its access to debt rollovers, difficulties to
obtain a potential covenant relief and/or higher than expected
impacts on tariff reviews and difficulties to present relevant
operational improvements, which would negatively impact its future
cash flow.

Positive rating actions could be driven by a combination of a more
balanced capital structure and a substantial improvement in its
cash flows that could allow a material reduction in the group's
leverage levels and lower exposure to refinancing risks.


JBS USA: S&P Rates US$400-Mil. Term Loan and US$1-Bil. Notes 'BB'
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' senior
unsecured debt rating to the proposed US$400 million senior
secured term loan B due 2018, and to the proposed US$1 billion
senior unsecured notes due in 2019 and 2021, to be issued by JBS
USA LLC (BB/Positive/--), a wholly owned subsidiary of JBS S.A.
(JBS; BB/Positive/--).

JBS, JBS Hungary Holdings Kft. (not rated), and JBS USA Holdings
Inc.(not rated) will unconditionally guarantee the senior secured
term loan B. The loan is to be secured by a first-priority
interest in most of JBS USA's and its subsidiaries' assets, and by
a pledge of some of the stock of JBS USA and its subsidiaries.

The senior unsecured notes are rated the same as the 'BB'
corporate credit rating on JBS. This reflects the parent company's
guarantee and the notes' limited subordination to senior secured
debt, including the new term loan B, based on the group's strong
consolidated asset base.

The company plans to use proceeds from both debt issuances
primarily to pay off existing, higher cost short-term debt at the
parent level and to extend JBS's maturity profile.

"We view this as a positive development for the group's overall
credit quality," said Standard & Poor's credit analyst Leopoldo
Oliveira.

Ratings List

JBS USA LLC
Corporate Credit Rating                    BB/Positive/--

New Rating
Senior Secured
  US$400 mil term loan B due 2018             BB
Senior Unsecured
  US$1 bil notes due 2019 and 2021            BB


SIFCO SA: Fitch Rates Currency Issuer Default Ratings at 'B-'
-------------------------------------------------------------
Fitch Ratings has assigned these ratings to Sifco S.A. (Sifco):

   -- Foreign and Local Currency Issuer Default Ratings (IDR)
      'B-';

   -- Long-Term National Rating 'BB(bra)'.

The Rating Outlook is Stable.

Fitch has also assigned a 'B-/RR4' rating to Sifco's proposed
senior unsecured note issuance due 2016 of approximately USD100
million.  The final rating for the proposed transaction is
contingent upon the receipt of final documents conforming to
information already received.  The 'RR4' recovery rating on the
company's unsecured debt issuance reflects average recovery in the
event of default.

The Rating Outlook is Stable.

Sifco's credit ratings reflect the company's high financial
leverage and business risk in the cyclical automotive business.
Sifco is one of the leading suppliers of front axles for trucks
and buses in Latin America, with a market share of 98%, and is
well positioned to benefit from the increasing demand in the
Brazil's automotive parts sector over the next few years.  The
ratings also incorporate the company's volatile operational
margins, limited product and customer diversification, and the
strong credit linkage with its parent company, Grupo Brazil.

In the first quarter of 2011, Sifco entered into a long-term
commercial partnership with the Brazilian subsidiary of Dana
Corporation, which resulted in a cash inflow, which was used to
pay down secured debt and improve Sifco's liquidity.  In
consideration for the cash, Sifco transferred all of its front
axle sales in Brazil to Dana and became Dana's exclusive supplier
of front-end axles in Brazil.

Leverage High, Liquidity to Improve:

Sifco's leverage is high and improving. At the end of 2010, the
company's net debt/EBITDAR ratio was 5.6 times (x) and had
improved following the closing of the commercial agreement with
Dana during February 2011. The transaction resulted in a proforma
net debt to EBITDAR of 4.3x due to an immediate cash inflow of
approximately BRL250 MM. The agreement is also expected to
decrease EBITDAR by approximately BRL30 million on a proforma
basis. Sifco's actual cash generation, as measured by EBITDAR, was
BRL86 million (EBITDAR margin of 11.1%), BRL 37 million (8.5%),
BRL86 million (13.8%) during the fiscal years of 2010, 2009 and
2008, respectively. The company had approximately BRL606 million
in total adjusted debt at the end of December 2010 and
unrestricted cash on its balance sheet of BRL122 million.

The proposed issuance is expected to be primarily used for the
refinancing of higher cost, secured debt with short dated
maturities. This refinancing will improve the average life of the
company's debt and reduce the structural subordination of its
unsecured debt. At the end of March 2011, the company's total debt
was BRL380 million. Secured debt of approximately BRL163 million,
represented about 32% of the company's total debt. In addition,
the company secures BRL83 million in related company loan
transactions. Following the close of the proposed issuance,
secured debt and short term debt will represent 23% and 12% of
total company debt, respectively.

Going forward, Sifco's net leverage is expected to improve to
between 2.5x to 3.0x during the 2011 and 2012 time period due to
growing EBITDA, as a result of increasing in production of tractor
and heavy equipment undercarriage parts. Liquidity is expected to
improve to about BRL300 million by the end of 2011 due to growing
volume and improved profitability.

Parent Subsidiary Linkage Constraint:

Sifco's ratings reflect the linkage with its parent company, Grupo
Brasil (GB). GB's financial profile on a consolidated basis is
substantially weaker than Sifco on a standalone basis, which
constrains Sifco's ratings. GB's EBITDA is marginally higher than
Sifco on a consolidated basis, while incremental affiliate debt
increases group leverage by approximately 2.0 - 3.0x on a
consolidated basis.

Historically, Sifco has provided financial support via
intercompany loans and unsecured guarantees to related companies
that had low cash generation. Additionally, some of Sifco's assets
were also used to provide security to loans to related entities.
Total intercompany loans grew to BRL370 million during 2010 from
BRL 151 million during 2009, impacting its bank financings and
resulting in a 65% increase in Sifco's debt to BRL 441 million
from BRL 267 million. The bond issuance will include covenants
limiting the increase of related party transactions to USD15
million from the date of the issuance, providing better ring
fencing of Sifco assets.

Solid Market Share Position:

Sifco's is solidly positioned as a tier 2 regional player with
revenues of BRL777 million and BRL434 million during 2010 and
2009, respectively. The company's market position is strong with a
98% market share of the front axle production for truck and buses
in Latin America. The company's strength as a supplier of axles in
the assembly of trucks and buses increase its importance among the
assemblers when compared to other tier 2 suppliers. As mentioned,
Sifco also supplies parts for tractors and dozers undercarriages,
as well as forged components for light commercial vehicles and
passenger cars.

This leading position has enabled Sifco to reach an agreement with
Dana Corporation. This commercial agreement is positive from a
credit perspective. Not only does it establish an exclusive
commercial relationship between the companies, but it also should
result in improved productivity and sales and marketing
capability.

Limited Product and Customer Diversification:

With the economic crisis that started in 2008, the demand for
buses and trucks was negatively affected. This resulted in a
decline of Sifco's EBITDA to BRL 37 million in 2009 from BRL 86
million in 2008; a very strong year for the industry. During 2010,
the company's EBITDA rebounded to BRL 86 million. Fitch views the
company's low geographic and product diversification as a rating
constraint.

Sifco seeks to grow EBITDA by means of product diversification.
The company is focused on increasing EBITDA through higher sales
of parts to the heavy machinery industry over the next several
years. In addition, Sifco will also seek to increase its sales
presence in the passenger cars segment. Competition is expected to
increase during the next few years. Barriers to entry are the high
amount of investment needed by new entrants and the time required
for product development.

Potential Rating or Outlook Drivers:

The ratings could be affected positively by an improvement in GB's
overall credit profile and operational results. A downturn in the
company's operating results could lead to a negative rating
action.

Grupo Brazil is primarily engaged in the auto parts supply chain,
with small and diversified operations in different niches
including the production of metallic tubes, castings, the forging
and stamping of steel, and the production of plastic injection
parts for passenger cars. GB's main subsidiary, Sifco, benefits
from its market position as the leading supply company of front
axles for trucks and buses segments in Latin America with an
estimated 98% of market share and 100% share of the local
production.


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C A Y M A N   I S L A N D S
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AFFIRMED HEALTHCARE: Creditors' Proofs of Debt Due June 9
---------------------------------------------------------
The creditors of Affirmed Healthcare, Ltd. are required to file
their proofs of debt by June 9, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 27, 2011.

The company's liquidator is:

         Simon Conway
         c/o Adam Keenan
         Telephone: (345) 914 8743
         Facsimile: (345) 945 4237
         P.O. Box 258, Grand Cayman KY1-1104
         Cayman Islands


CARAPACE LIMITED: Creditors' Proofs of Debt Due June 8
------------------------------------------------------
The creditors of Carapace Limited are required to file their
proofs of debt by June 8, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on April 27, 2011.

The company's liquidator is:

         Jeffrey D. Johnstone
         c/o Broadhurst LLC
         P.O. Box 2503, 40 Linwood Street
         Grand Cayman KY1-1104
         Cayman Islands
         Telephone: (345) 949-7237
         Facsimile: (345) 949-7725


FOCUS PORTFOLIOS: Creditors' Proofs of Debt Due June 8
------------------------------------------------------
The creditors of Focus Portfolios Limited are required to file
their proofs of debt by June 8, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 28, 2011.

The company's liquidator is:

         David Dyer
         Deutsche Bank (Cayman) Limited
         P.O. Box 1984, Boundary Hall
         Cricket Square, 171 Elgin Avenue
         Grand Cayman KY1-1104
         Cayman Islands


MADB LEASING: Creditors' Proofs of Debt Due June 9
--------------------------------------------------
The creditors of MADB Leasing Limited are required to file their
proofs of debt by June 9, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on April 27, 2011.

The company's liquidator is:

         Victor Murray
         c/o Maples Liquidation Services (Cayman) Limited
         P.O. Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


MEDICAL FACTORING: Creditors' Proofs of Debt Due June 9
-------------------------------------------------------
The creditors of Medical Factoring Corporation are required to
file their proofs of debt by June 9, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 21, 2011.

The company's liquidator is:

         Victor Murray
         c/o Maples Liquidation Services (Cayman) Limited
         P.O. Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


PARTNERS PRIVATE: Creditors' Proofs of Debt Due June 8
------------------------------------------------------
The creditors of Partners Private Equity Management, Inc. are
required to file their proofs of debt by June 8, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on April 26, 2011.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House
         87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands


QUANTICA GENERAL: Creditors' Proofs of Debt Due June 8
------------------------------------------------------
The creditors of Quantica General Partner Inc. are required to
file their proofs of debt by June 8, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 18, 2011.

The company's liquidator is:

         Walkers Corporate Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House
         87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands


SILOM LIMITED: Creditors' Proofs of Debt Due June 9
---------------------------------------------------
The creditors of Silom Limited are required to file their proofs
of debt by June 9, 2011, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on March 31, 2011.

The company's liquidator is:

         Linburgh Martin
         c/o Neil Gray
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102
         Cayman Islands


SUNSHINE INVESTMENT: Creditors' Proofs of Debt Due June 8
---------------------------------------------------------
The creditors of Sunshine Investment Company Ltd. are required to
file their proofs of debt by June 8, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 27, 2011.

The company's liquidator is:

         Jeffrey D. Johnstone
         c/o Broadhurst LLC
         P.O. Box 2503, 40 Linwood Street
         Grand Cayman KY1-1104
         Cayman Islands
         Telephone: (345) 949-7237
         Facsimile: (345) 949-7725


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P U E R T O   R I C O
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HOSPITAL DAMAS: Taps FPV&G to Assist in Medicare Cost Report
------------------------------------------------------------
Hospital Damas Inc. is seeking permission to employ FPV & Galindez
PSC to process and prepare statistical data required for the
preparation of the Medicare cost report.

FPV&G had acted as the Debtor's external audit firm since the year
ended Dec. 31, 2007, and had audited the Debtor's financial
statements.

The Debtor says FPV&G, its partners, and associates do not
represent or hold any interest adverse to the Debtor or the
estate.  The firm and its members are disinterested persons as
defined in 11 U.S.C. Sec. 101(14).

The firm's hourly rates are:

          Consulting director          US$165
          Consulting staff              US$70

The firm's costs will be capped at US$10,800.

Ponce, Puerto Rico-based Hospital Damas, Inc., filed for Chapter
11 bankruptcy protection (Bankr. D. P.R. Case No. 10-08844) on
Sept. 24, 2010.  Charles A. Cuprill-Hernandez, Esq., at Charles A.
Cuprill, P.S.C., Law Offices, serves as the Debtor's bankruptcy
counsel.  In October 2010, the United States Trustee appointed
five creditors to serve on the Official Committee of Unsecured
Creditors of the Debtor.  Todd C. Meyers, Esq., and Colin M.
Bernardino, Esq., at Kilpatrick Stockton LLP, represents the
Committee as legal counsel, and Edgardo Munoz, Esq., at Edgardo
Munoz, PSC, serves the Committee as local counsel.  In its
schedules, the Debtor disclosed US$24,017,166 in total assets and
US$21,267,263 in total liabilities as of the Petition Date.


MEDSCI DIAGNOSTICS: Has Okay to Hire MRW as Forensic Accountant
---------------------------------------------------------------
Bankruptcy Judge Enrique S. Lamoutte Inclan granted Medsci
Diagnostics Inc. permission to employ Luis O. Rivera, CPA, CPE,
CFF, at MRW Consulting Group LLP as forensic accounting expert.

The Troubled Company Reporter on April 11, 2011, reported the
terms of MRW Consulting's retention.  The firm will perform
specific investigation of tracing transactions and conducting
forensic accounting work, calculating losses, damages, and other
consulting services in connection with DIP's contract with the
State Insurance Fund.  Mr. Rivera, CPA, will charge US$250 per
hour for the engagement.

                     About MedSci Diagnostics

San Juan, Puerto Rico-based MedSci Diagnostics, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. D. P.R. Case No.
10-04961) on June 6, 2010.  Edgardo Munoz, Esq., at Edgardo Munoz,
PSC, assists the Debtor in its restructuring effort.  The Company
disclosed US$57,900,732 in total assets and US$6,770,211 in total
debts in its schedules.


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


TTEC: Faces TT$440 Million Deficit
----------------------------------
Trinidad and Tobago Newsday reports that Finance Minister Winston
Dookeran said no decision has been taken to increase electricity
rates in order to address a TT$440 million deficit at the Trinidad
and Tobago Electricity Commission (TTEC).

Minister Dookeran said this deficit has arisen as a result of
Government's decision to scrap the Alutrint aluminum project,
which was being pursued under its PNM predecessor, according to
Newsday.

Newsday notes that Minister Dookeran said TTEC was supposed to
take a certain percentage from the TGU power plant in La Brea
while the rest went to the Alutrint plant.  However, with Alutrint
scrapped, Dookeran said, "now there is more (power) than they can
take," the report relates.   TTEC will now have to commission the
TGU plant and that will "take some money to do," he added.

Newsday discloses Minister Dookeran said in the meantime, the
efficiency of the power plant in Port-of-Spain dropped.  Asked
whether there would be any increase in electricity rates to
address this deficit, Minister Dookeran said the Regulated
Industries Commission (RIC) reviews these rates on a regular basis
but it would be up to government to make a final decision on any
rate increase, the report relates. No proposals have been advanced
to Government for any increase in electricity rates, he added.


                            ***********


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. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Psyche A. Castillon, Julie Anne G.
Lopez, Ivy B. Magdadaro, Frauline S. Abangan, and Peter A.
Chapman, Editors.

Copyright 2011.  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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