TCRLA_Public/110927.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

          Tuesday, September 27, 2011, Vol. 12, No. 191

                            Headlines



A R G E N T I N A

FIDEICOMISO FINANCIERO: Moody's Puts 'B2' GSR to Debt Securities
METROGAS SA: YPF SA Extends Until Oct. 5 Its Option to Buy Firm
SUPERVIELLE CREDITO: Moody's Gives Ca.ar Rating to ARS4.8MM Notes


B E R M U D A

ADIA FUNDING: Creditors' Proofs of Debt Due Oct. 7
ADIA FUNDING: Sole Member to Receive Wind-Up Report on Oct. 27
CIT VENDOR: Creditors' Proofs of Debt Due Oct. 7
CIT VENDOR: Sole Member to Receive Wind-Up Report on Oct. 27
LAP MAN: Creditors' Proofs of Debt Due Oct. 5

LAP MAN: Sole Member to Receive Wind-Up Report on Oct. 28
SAGECREST HOLDINGS: Court Taps Calow as Provisional Liquidator
SCFR LIMITED: Court Appoints Calow as Provisional Liquidator


B R A Z I L

DIAGNOSTICOS DA AMERICA: S&P Affirms 'BB' Global Scale Rating


C A Y M A N   I S L A N D S

ALPHASELECT GC: Shareholder to Receive Wind-Up Report on Sept. 30
ALPHASELECT GLG EEF: Member to Get Wind-Up Report on Sept. 30
ALPHASELECT GLG GLAS: Member to Get Wind-Up Report on Sept. 30
BRAHAM PARTNERS IV: Shareholder to Get Wind-Up Report on Oct. 21
CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30

CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
CHELSTON FUND: Shareholders' Final Meeting Set for Oct. 5
CREDIT LINKED: Shareholder to Receive Wind-Up Report on Sept. 30
FUND ACCESS: Shareholder to Receive Wind-Up Report on Sept. 30
GLS 193 TRADING: Shareholder to Get Wind-Up Report on Sept. 30

GPS INCOME: Shareholder to Receive Wind-Up Report on Oct. 14
GPS NEW: Shareholder to Receive Wind-Up Report on Oct. 14
MA APHELION: Shareholder to Receive Wind-Up Report on Sept. 30
MA GARTMORE: Shareholder to Receive Wind-Up Report on Sept. 30
MA GLS 193: Shareholder to Receive Wind-Up Report on Sept. 30

SHEERWATER LTD: Shareholders' Final Meeting Set for Sept. 30
SIAM INVESTORS: Shareholders' Final Meeting Set for Sept. 30
OXBRIDGE FAMILY: Members' Final Meeting Set for Oct. 4
PRS GLOBAL: Shareholder to Receive Wind-Up Report on Sept. 30
TUDOR BVI: Shareholder to Receive Wind-Up Report on Oct. 6


M E X I C O

CEMEX SAB: S&P Puts 'B' Global Scale Rating on Watch Negative


T R I N I D A D  &  T O B A G O

CL FIN'L: Deloitte Consulting Seeks Governments' Support on Plan


X X X X X X X X

* Large Companies With Insolvent Balance Sheets




                            - - - - -


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


FIDEICOMISO FINANCIERO: Moody's Puts 'B2' GSR to Debt Securities
----------------------------------------------------------------
Moody's assigns a rating of Aa3.ar to Fideicomiso Financiero
Moody's Latin America has assigned a rating of Aa3.ar (Argentine
National Scale) and of B2 (Global Scale, Local Currency) to the
debt securities of Fideicomiso Financiero Multipyme XIII.

Ratings Rationale

The rated securities are backed by a pool of bills of exchange
signed by agricultural producers in Argentina.  The bills of
exchange are guaranteed by Garantizar S.G.R., which is a financial
guarantor in Argentina.  Garantizar has a local currency national
scale rating of Aa3.ar and a global local currency rating of B2.

Bapro Mandatos y Negocios S.A. (Issuer and Trustee) issued one
class of debt securities denominated in Argentine pesos.  The
rated securities will bear a 5% annual interest rate.

The rated securities will be repaid from cash flow arising from
the assets of the Trust, constituted by a pool of fixed rate bills
of exchange denominated in US dollars signed by agricultural
producers and guaranteed by Garantizar S.G.R.  The bills of
exchange will have the same interest rate as the rated securities.
The promise to investors is to receive the payment of interest and
principal by the legal final maturity of the transaction.

Although the rated securities (and the bills of exchange) are
denominated in US dollars, they are payable in Argentine pesos at
the exchange rate published by Banco de la Nacion Argentina as of
the day prior to the date that the funds are initially deposited
into the Trust account.  As a result, the dollar is used as a
currency of reference and not as a mean of payment.  For that
reason, the transaction is considered to be denominated in local
currency.

If eight days before each payment date, the funds on deposit in
the trust account are not sufficient to make payments to
investors, the Trustee is obligated to request Garantizar to make
payment under the bills of exchange.  Garantizar, in turn, will
have five days to make this payment into the trust account.  Under
the terms of the transaction documents, the trustee has up to two
days to distribute interest and principal payments to investors.
Interest on the securities will accrue up to the date on which the
funds are initially deposited by either Garantizar, the exporter,
or the individual producers into the Trust account.

The designated Trustee in this transaction is Bapro Mandatos y
Negocios S.A., which is Banco de la Provincia de Buenos Aires'
trustee company.


METROGAS SA: YPF SA Extends Until Oct. 5 Its Option to Buy Firm
---------------------------------------------------------------
Rodrigo Orihuela at Bloomberg News reports that YPF SA,
Argentina's largest energy company, extended until Oct. 5 an
option to buy BG Group Plc's local unit Metrogas SA.

YPF SA "decided to make use of the extension option," Gas
Argentino SA, Metrogas's holding company, said in a regulatory
filing, according to Bloomberg.

BG Group is Gas Argentino's controlling shareholder with a 54.6%
stake, while YPF owns the rest.

YPF would need regulatory approval to acquire the BG stake as well
as approval from Metrogas SA shareholders, Bloomberg notes.

                         About Metrogas SA

Buenos Aires, Argentina-based MetroGAS S.A., which listed its
American Depositary Shares on the New York Stock Exchange and
Buenos Aires Stock Exchange in November 1994, is Argentina's
largest natural gas distribution company in terms of number of
customers and volume of gas deliveries, according to the 2010
annual report of ENARGAS, an agency of the Argentine Government,
which has broad authority over the gas distribution and
transportation industries, including their tariffs.  The Company
has approximately 2.2 million customers in its service area (the
city of Buenos Aires and southern and eastern greater metropolitan
Buenos Aires).  The Company is one of nine natural gas
distribution companies formed in connection with the privatization
of Gas del Estado.

The suspension of the original regime for tariff adjustments and
the inability to generate sufficient cash flows to pay its
financial debt obligations led the Company to file a petition for
a voluntary reorganization proceeding (concurso preventivo) in an
Argentine court on June 17, 2010.


SUPERVIELLE CREDITO: Moody's Gives Ca.ar Rating to ARS4.8MM Notes
-----------------------------------------------------------------
Moody's Latin America has rated the debt securities and
certificates of Fideicomiso Financiero Supervielle Creditos Banex
51 issued by Deustche Bank S.A. -- acting solely in its capacity
as Issuer and Trustee.

- ARS30,000,000 in Class A Fixed Rate Debt Securities of
  "Fideicomiso Financiero Supervielle Creditos Banex 51", rated
  Aaa.ar (sf) (Argentine National Scale) and Ba1 (sf) (Global
  Scale, Local Currency)

- ARS75,600,000 in Floating Rate Debt Securities of "Fideicomiso
  Financiero Supervielle Creditos Banex 51", rated Aaa.ar (sf)
  (Argentine National Scale) and Ba1 (sf) (Global Scale, Local
  Currency)

- ARS9,600,000 in Class C Fixed Rate Debt Securities of
  "Fideicomiso Financiero Supervielle Creditos Banex 51", rated
  A2.ar (sf) (Argentine National Scale) and B3 (sf) (Global Scale,
  Local Currency)

- ARS4,800,000 in Certificates of "Fideicomiso Financiero
  Supervielle Creditos Banex 51", rated Ca.ar (sf) (Argentine
  National Scale) and Ca (sf) (Global Scale, Local Currency)

Ratings Rationale

The rated securities are payable from the cash flow coming from
the assets of the trust, which is an amortizing pool of
approximately 22,690 eligible personal loans denominated in
Argentine pesos, with a fixed interest rate, originated by Banco
Supervielle, in an aggregate amount of ARS120,005,349

These personal loans are granted to pensioners that receive their
monthly pensions from ANSES (Argentina's National Governmental
Agency of Social Security - Administracion Nacional de la
Seguridad Social). The pool is also constituted by loans granted
to government employees of the Province of San Luis. Banco
Supervielle is the payment agent entity and automatically deducts
the monthly loan installment directly from the employee's paycheck
and pensioner's payment.

The Class A Fixed Rate Debt Securities will bear a fixed interest
rate of 13.50%.  The Floating Rate Debt Securities will bear a
BADLAR interest rate plus a spread of 419 bp.  The Floating Rate
Debt Securities' interest rate will never be higher than 23% or
lower than 13%.  The Class C Fixed Rate Securities will bear a
fixed interest rate of 21%.

Overall credit enhancement is comprised of subordination: 75% for
the Class A Fixed Rate Debt Securities, 12% for the Floating Rate
Securities and 4% for the Class C Fixed Rate Securities. In
addition the transaction has various reserve funds and excess
spread.

Moody's considered the credit enhancement provided in this
transaction through the initial subordination levels for each
rated class, as well as the historical performance of
Supervielle's portfolio. In addition, Moody's considered factors
common to consumer loans securitizations such as delinquencies,
prepayments and losses; as well as specific factors related to the
Argentine market, such as the probability of an increase in losses
if there are changes in the macroeconomic scenario in Argentina.

These factors were incorporated in a cash flow model that takes
into account all the relevant features of the transaction's assets
and liabilities. Monte Carlo simulations were run, which
determines the expected loss for the rated securities.

Moody's considered factors common to consumer loans
securitizations such as delinquencies, prepayments and losses; as
well as specific factors related to the Argentine market.  These
factors were incorporated in a cash flow model in order to
determine the expected loss for the rated securities.  Finally,
Moody's also evaluated the back-up servicing arrangements in the
transaction.

In assigning the rating to this transaction, Moody's assumed a
triangular distribution for defaults on the main pool centered
around a most likely scenario of 10%, a minimum of 5% and a
maximum of 20%.  Also, Moody's assumed a triangular distribution
for prepayments centered around a most likely scenario of 20%, a
minimum of 15% and a maximum of 35%.  These assumptions are
derived from the historical performance to date of the Banex's
pools.

The model results showed 0.00% expected loss for Class A Fixed
Rate Debt Securities and Floating Rate Debt Securities, 11.32%
expected loss for Class C Fixed Rate Debt Securities and 50.93%
for the Certificates.

Moody's ran several stress scenarios, including increases in the
default rate assumptions.  If default rates were increased 6% from
the base case scenario for the pool (i.e., most likely scenario of
16%, a minimum of 11% and a maximum of 26%), the ratings of the
Classes A and Floating Rate securities would be unchanged.  The
ratings for Class C Fixed Rate debt securities and Certificates
would be downgraded to Ca (sf) and C (sf) respectively.

Moody's also considered the risk that a disruption in the flow of
payments from ANSES or the government of San Luis to pensioners
and employees respectively, could severely affect the performance
of the pool. Moody's believes that the ratings assigned are
consistent with this risk.

Finally, Moody's also evaluated the back-up servicing arrangements
in the transaction.  If Banco Supervielle is removed as servicer,
Deustche Bank S.A. will be appointed as the back-up servicer.

The main source of uncertainty for this transaction is the
regulatory and legal framework for the automatic deduction loans
in Argentina.


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


ADIA FUNDING: Creditors' Proofs of Debt Due Oct. 7
--------------------------------------------------
The creditors of Adia Funding Limited are required to file their
proofs of debt by Oct. 7, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Sept. 15, 2011.

The company's liquidator is:

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


ADIA FUNDING: Sole Member to Receive Wind-Up Report on Oct. 27
--------------------------------------------------------------
The sole member of Adia Funding Limited will receive on Oct. 27,
2011, at 9:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

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


CIT VENDOR: Creditors' Proofs of Debt Due Oct. 7
-----------------------------------------------
The creditors of CIT Vendor Finance Note Purchasing, Ltd. are
required to file their proofs of debt by Oct. 7, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Sept. 20, 2011.

The company's liquidator is:

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


CIT VENDOR: Sole Member to Receive Wind-Up Report on Oct. 27
------------------------------------------------------------
The sole member of CIT Vendor Finance Note Purchasing, Ltd. will
receive on Oct. 27, 2011, at 9:30 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

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


LAP MAN: Creditors' Proofs of Debt Due Oct. 5
---------------------------------------------
The creditors of LAP Man IP 220 Class U2 USD Trading Ltd are
required to file their proofs of debt by Oct. 5, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Sept. 16, 2011.

The company's liquidator is:

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


LAP MAN: Sole Member to Receive Wind-Up Report on Oct. 28
---------------------------------------------------------
The sole member of LAP Man IP 220 Class U2 USD Trading Ltd will
receive on Oct. 28, 2011, at 9:30 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

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


SAGECREST HOLDINGS: Court Taps Calow as Provisional Liquidator
--------------------------------------------------------------
On Sept. 13, 2011, the Supreme Court of Bermuda appointed Garth
Calow as the provisional liquidator of Sagecrest Holdings Limited.


SCFR LIMITED: Court Appoints Calow as Provisional Liquidator
------------------------------------------------------------
On Sept. 13, 2011, the Supreme Court of Bermuda appointed Garth
Calow as the provisional liquidator of SCFR Limited.


===========
B R A Z I L
===========


DIAGNOSTICOS DA AMERICA: S&P Affirms 'BB' Global Scale Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on Brazil-
based diagnostic services company Diagnosticos da America S.A.
(DASA), including the 'BB' global scale and 'brAA-' Brazilian
national scale corporate credit ratings. The outlook remained
stable.

"We believe DASA's operating margins will keep improving, on a
slower pace of acquisitions and more focus on integrating and
capturing synergies from its expanded asset portfolio," said
Standard & Poor's credit analyst Debora Confortini.

"We expect that the company will remain acquisitive but focused on
smaller businesses that add to its existing portfolio and allow
for quick turnaround of their operations.  The company has
benefited from economies of scale from its past acquisitions,
improving its credit metrics and market position gradually," S&P
stated.

Currently, DASA has more efficient operations and a more
diversified service portfolio with well-established positioning of
its many brands.  The company has used its positive cash
generation to deleverage and improve liquidity.

The ratings on Brazil-based DASA reflect its challenges to
integrate acquired laboratories into its operating model and its
exposure to the competitive and fragmented diagnostics industry,
one with relatively low barriers to entry.  They also consider,
though to a lesser extent, the company's plans to keep growing
through acquisitions.

DASA's market leadership in Brazil, quality improvements in its
clinical and image diagnostics operations, efficient multibrand
platform, and increasing business diversification by region,
customer, and income level partially mitigate these risks. DASA
can also take advantage of favorable long-term prospects for
Brazil's diagnostics industry because of rising life expectancy
and greater access to health insurance.

Ratings List

Ratings Affirmed

Diagnosticos da America S.A.
Corporate Credit Rating
  Global Scale                          BB/Stable/--
  National Scale                        brAA-/Stable/--
Senior Unsecured
  Global Scale                          BB
  National Scale                        brAA-


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


ALPHASELECT GC: Shareholder to Receive Wind-Up Report on Sept. 30
-----------------------------------------------------------------
The shareholder of Alphaselect GC Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


ALPHASELECT GLG EEF: Member to Get Wind-Up Report on Sept. 30
-------------------------------------------------------------
The member of Alphaselect GLG EEF Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


ALPHASELECT GLG GLAS: Member to Get Wind-Up Report on Sept. 30
--------------------------------------------------------------
The member of Alphaselect GLG GLAS Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


BRAHAM PARTNERS IV: Shareholder to Get Wind-Up Report on Oct. 21
----------------------------------------------------------------
The shareholder of Braham Partners IV Offshore Ltd will receive on
Oct. 21, 2011, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Vijayabalan Murugesu
         c/o Tom Parsons, Jr.
         Telephone: (345) 815-1403
         Facsimile: (345) 945-6265


CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
-------------------------------------------------------------
The shareholders of Centurion Asian Fund of Hedge Funds will hold
their final meeting on Sept. 30, 2011, 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:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


CENTURION ASIAN: Shareholders' Final Meeting Set for Sept. 30
-------------------------------------------------------------
The shareholders of Centurion Asian Master Fund will hold their
final meeting on Sept. 30, 2011, 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
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


CHELSTON FUND: Shareholders' Final Meeting Set for Oct. 5
---------------------------------------------------------
The shareholders of Chelston Fund Holdings Inc. will hold their
final meeting on Oct. 5, 2011, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         H&J Corporate Services (Cayman) Ltd.
         Anderson Square, 5th Floor
         Shedden Road
         PO Box 866, Grand Cayman KY1-1103
         Cayman Islands
         Telephone: (345) 949 7555


CREDIT LINKED: Shareholder to Receive Wind-Up Report on Sept. 30
----------------------------------------------------------------
The shareholder of Credit Linked Notes Ltd. 2005-1 will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


FUND ACCESS: Shareholder to Receive Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of Fund Access ARB Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


GLS 193 TRADING: Shareholder to Get Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of GLS 193 Trading Limited will receive on
Sept. 30, 2011, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


GPS INCOME: Shareholder to Receive Wind-Up Report on Oct. 14
------------------------------------------------------------
The sole shareholder of GPS Income Fund (Cayman) Ltd. will receive
on Oct. 14, 2011, at 2:00 p.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Jonathan Bernstein
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands
         Telephone: (345) 815.1897
         Facsimile: (345) 949-9877


GPS NEW: Shareholder to Receive Wind-Up Report on Oct. 14
---------------------------------------------------------
The sole shareholder of GPS New Equity Fund (Cayman) Ltd. will
receive on Oct. 14, 2011, at 2:00 p.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Jonathan Bernstein
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands
         Telephone: (345) 815.1897
         Facsimile: (345) 949-9877


MA APHELION: Shareholder to Receive Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of MA Aphelion Limited will receive on Sept. 30,
2011, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


MA GARTMORE: Shareholder to Receive Wind-Up Report on Sept. 30
--------------------------------------------------------------
The shareholder of MA Gartmore Latin America L/S Fund will receive
on Sept. 30, 2011, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


MA GLS 193: Shareholder to Receive Wind-Up Report on Sept. 30
-------------------------------------------------------------
The shareholder of MA GLS 193 will receive on Sept. 30, 2011, the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984 Grand Cayman KY1-1104
         Cayman Islands


SHEERWATER LTD: Shareholders' Final Meeting Set for Sept. 30
------------------------------------------------------------
The shareholders of Sheerwater Ltd. will hold their final meeting
on Sept. 30, 2011, at 11:10 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
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


SIAM INVESTORS: Shareholders' Final Meeting Set for Sept. 30
------------------------------------------------------------
The shareholders of Siam Investors, Ltd. will hold their final
meeting on Sept. 30, 2011, 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:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9002
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


OXBRIDGE FAMILY: Members' Final Meeting Set for Oct. 4
------------------------------------------------------
The members of Oxbridge Family Wealth Fund Inc. will hold their
final meeting on Oct. 4, 2011, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         H&J Corporate Services (Cayman) Ltd.
         5th Floor Anderson Square
         Shedden Road
         PO Box 866, Grand Cayman KY1-1103
         Cayman Islands
         Telephone: (345) 949 7555


PRS GLOBAL: Shareholder to Receive Wind-Up Report on Sept. 30
-------------------------------------------------------------
The shareholder of The PRS Global Portfolio Fund will receive on
Sept. 30, 2011, at 10:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Michael Lubin
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007 Cayman Islands
         Cayman Islands
         Telephone: +1 (345) 815-1793
         Facsimile: +1 (345) 949-9877


TUDOR BVI: Shareholder to Receive Wind-Up Report on Oct. 6
----------------------------------------------------------
The sole shareholder of Tudor BVI Dymon Investments Ltd will
receive on Oct. 6, 2011, at 10:00 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

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


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


CEMEX SAB: S&P Puts 'B' Global Scale Rating on Watch Negative
-------------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings, including
the 'B' global scale and 'mxBB+/mxB' national scale corporate
credit ratings, on Cemex S.A.B. de C.V. and subsidiaries on
CreditWatch with negative implications.

"The CreditWatch placement follows our assessment that Cemex's
financial performance will remain weak during the rest of the year
and into 2012, in light of our recent downward revision of the
economic prospects of several countries in which the company
concentrates its operations," said Standard & Poor's credit
analyst Laura Martínez.  "Also, Cemex's covenant headroom has
narrowed in the past few quarters, and we anticipate that it might
need to renegotiate the credit conditions in its financing
agreement with lenders, to avoid a covenant breach by year-end."

"We will resolve the CreditWatch listing after we review Cemex's
financial performance under the weaker global economic
conditions," S&P stated.

"We will also review the company's strategy to improve its
covenant headroom and liquidity position in the short term, and
its plans for refinancing its 2013 and 2014 bank maturities,"
according to S&P.


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


CL FIN'L: Deloitte Consulting Seeks Governments' Support on Plan
----------------------------------------------------------------
Caribbean360.com reports that Deloitte Consulting, the judicial
manager of CLICO International Life Insurance Ltd (CIL), said it
will begin talks this week with the governments of Barbados and
the Eastern Caribbean to fund a restructuring plan for the
company.  CLICO and CIL are subsidiaries of CL Financial Limited.

Deloitte Consulting has put forward four recommendations costing
between BDS$56 million and BDS$152 million, which it believes to
be most advantageous, and in the interest of the company's
policyholders, according to Caribbean360.com.

"The Judicial Manager will shortly commence the hosting of
policyholder forums to provide policyholders with a comprehensive
update on the financial condition of CIL and the various options
considered for restructuring," Caribbean360.com quoted Deloitte
Consulting as saying.

Deloitte Consulting said individual letters would be sent to all
policyholders in the territories outlining the potential impact
that the restructuring options would have on their policies,
Caribbean360.com discloses.

Deloitte Consulting plans to seek support from the courts in all
countries for the restructuring plan, special dispensation from
the insurance regulators to allow CIL to pledge certain real
estate assets to meet its statutory Insurance Fund obligations,
and regulatory approval to write new business in the jurisdictions
in which CIL currently operates, Caribbean360.com relays.

Caribbean360.com relates that the High Court of Barbados has also
already approved a recommendation by the Judicial Manager to
commission a forensic audit into the company.

Oliver Jordan, who represented the judicial manager at a media
conference, said this will be conducted by the Forensics & Dispute
Services of Deloitte Canada, the report adds.

                         About CL Financial

CL Financial Group Limited is a privately held conglomerate in
Trinidad and Tobago.  Founded as an insurance company by Cyril
Duprey, Colonial Life Insurance Company was expanded into a
diversified company by his nephew, Lawrence Duprey.  CL Financial
is now one of the largest local conglomerates in the region,
encompassing over 65 companies in 32 countries worldwide with
total assets standing at roughly US$100 billion.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago).  The ratings remain under review with
negative implications.  CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.


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


* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                                                            Total
                                           Total      Shareholders
                                           Assets          Equity
Company                Ticker             (US$MM)        (US$MM)
-------                ------           ---------    ------------

ARGENTINA

IMPSAT FIBER-$US        IMPTD AR        535007008        -17164978
IMPSAT FIBER-CED        IMPT AR         535007008        -17164978
IMPSAT FIBER NET        XIMPT SM        535007008        -17164978
IMPSAT FIBER-BLK        IMPTB AR        535007008        -17164978
IMPSAT FIBER NET        330902Q GR      535007008        -17164978
IMPSAT FIBER-C/E        IMPTC AR        535007008        -17164978
IMPSAT FIBER NET        IMPTQ US        535007008        -17164978
SOC COMERCIAL PL        CADN EO         177502185       -343324574
SOC COMERCIAL PL        CADN SW         177502185       -343324574
SOC COMERCIAL PL        SCDPF US        177502185       -343324574
SOC COMERCIAL PL        CVVIF US        177502185       -343324574
SOC COMERCIAL PL        CAD IX          177502185       -343324574
SOC COMERCIAL PL        COME AR         177502185       -343324574
SOC COMERCIAL PL        COMED AR        177502185       -343324574
COMERCIAL PL-ADR        SCPDS LI        177502185       -343324574
SOC COMERCIAL PL        COMEC AR        177502185       -343324574
COMERCIAL PLA-BL        COMEB AR        177502185       -343324574
SOC COMERCIAL PL        CADN EU         177502185       -343324574
SOCOTHERM-5 VT-A        STHE5 AR        101075648      -3157975.35
SOCOTHERM SA-B          STHE AR         101075648      -3157975.35
SOCOTHERM-SP ADR        SOCOY US        101075648      -3157975.35
SNIAFA SA-B             SDAGF US        11229696       -2670544.88
SNIAFA SA               SNIA AR         11229696       -2670544.88
SNIAFA SA-B             SNIA5 AR        11229696       -2670544.88


BELIZE

VARIG SA-PREF           VARGPN BZ       966298026      -4695211316
VARIG SA                VARGON BZ       966298026      -4695211316
VARIG SA-PREF           VAGV4 BZ        966298026      -4695211316
VARIG SA                VAGV3 BZ        966298026      -4695211316
AGRENCO LTD             AGRE LX         637647275       -312199404
AGRENCO LTD-BDR         AGEN11 BZ       637647275       -312199404
BOMBRIL-RIGHTS          BOBR1 BZ        451055441        -71738547
BOMBRIL CIRIO SA        BOBRON BZ       451055441        -71738547
BOMBRIL CIRIO-PF        BOBRPN BZ       451055441        -71738547
BOMBRIL-RGTS PRE        BOBR2 BZ        451055441        -71738547
BOMBRIL                 BMBBF US        451055441        -71738547
BOMBRIL-PREF            BOBR4 BZ        451055441        -71738547
BOMBRIL SA-ADR          BMBBY US        451055441        -71738547
BOMBRIL                 BOBR3 BZ        451055441        -71738547
BOMBRIL SA-ADR          BMBPY US        451055441        -71738547
CIA PETROLIFERA         1CPMON BZ       377602195      -3014291.72
CIA PETROLIF-PRF        1CPMPN BZ       377602195      -3014291.72
CIA PETROLIF-PRF        MRLM4B BZ       377602195      -3014291.72
CIA PETROLIF-PRF        MRLM4 BZ        377602195      -3014291.72
CIA PETROLIFERA         MRLM3 BZ        377602195      -3014291.72
CIA PETROLIFERA         MRLM3B BZ       377602195      -3014291.72
BATTISTELLA             BTTL3 BZ        355816098       -2564562.7
BATTISTELLA-RECE        BTTL9 BZ        355816098       -2564562.7
BATTISTELLA-RI P        BTTL2 BZ        355816098       -2564562.7
BATTISTELLA-RIGH        BTTL1 BZ        355816098       -2564562.7
BATTISTELLA-RECP        BTTL10 BZ       355816098       -2564562.7
BATTISTELLA-PREF        BTTL4 BZ        355816098       -2564562.7
DOCA INVESTIMENT        DOCA3 BZ        354715604       -119368960
DOCAS SA-RTS PRF        DOCA2 BZ        354715604       -119368960
DOCAS SA-PREF           DOCAPN BZ       354715604       -119368960
DOCAS SA                DOCAON BZ       354715604       -119368960
DOCA INVESTI-PFD        DOCA4 BZ        354715604       -119368960
TELEBRAS-CED C/E        TEL4C AR        280204646      -21109882.4
TELEBRAS-CEDE PF        RCT4D AR        280204646      -21109882.4
TELEBRAS-CM RCPT        TBRTF US        280204646      -21109882.4
TELEBRAS-CEDEA $        TEL4D AR        280204646      -21109882.4
TELEBRAS-ADR            TBAPY US        280204646      -21109882.4
TELEBRAS-COM RT         TELB1 BZ        280204646      -21109882.4
TELEBRAS-RTS PRF        TLCP2 BZ        280204646      -21109882.4
TELEBRAS-PF RCPT        RCTB42 BZ       280204646      -21109882.4
TELEBRAS SA-PREF        TELB4 BZ        280204646      -21109882.4
TELEBRAS SA             TELB3 BZ        280204646      -21109882.4
TELEBRAS-ADR            TBASY US        280204646      -21109882.4
TELEBRAS-PF BLCK        TELB40 BZ       280204646      -21109882.4
TELEBRAS-RTS PRF        RCTB2 BZ        280204646      -21109882.4
TELEBRAS SA             TLBRON BZ       280204646      -21109882.4
TELEBRAS-CM RCPT        RCTB32 BZ       280204646      -21109882.4
TELEBRAS-ADR            TBX GR          280204646      -21109882.4
TELEBRAS-CM RCPT        RCTB30 BZ       280204646      -21109882.4
TELEBRAS-PF RCPT        TLBRUP BZ       280204646      -21109882.4
TELEBRAS-CEDE BL        RCT4B AR        280204646      -21109882.4
TELEBRAS-CEDE PF        TELB4 AR        280204646      -21109882.4
TELEBRAS-PF RCPT        RCTB41 BZ       280204646      -21109882.4
TELEBRAS-PF RCPT        CBRZF US        280204646      -21109882.4
TELEBRAS SA-PREF        TLBRPN BZ       280204646      -21109882.4
TELEBRAS-RECEIPT        TLBRUO BZ       280204646      -21109882.4
TELEBRAS-CM RCPT        TELE31 BZ       280204646      -21109882.4
TELEBRAS-PF RCPT        RCTB40 BZ       280204646      -21109882.4
TELEBRAS-RCT PRF        TELB10 BZ       280204646      -21109882.4
TELEBRAS/W-I-ADR        TBH-W US        280204646      -21109882.4
TELEBRAS-RTS CMN        TCLP1 BZ        280204646      -21109882.4
TELEBRAS SA-RT          TELB9 BZ        280204646      -21109882.4
TELEBRAS-PF RCPT        TBAPF US        280204646      -21109882.4
TELEBRAS-PF RCPT        TELE41 BZ       280204646      -21109882.4
TELEBRAS-CM RCPT        RCTB31 BZ       280204646      -21109882.4
TELEBRAS-CEDE PF        RCT4C AR        280204646      -21109882.4
TELECOMUNICA-ADR        81370Z BZ       280204646      -21109882.4
TELEBRAS-BLOCK          TELB30 BZ       280204646      -21109882.4
TELEBRAS-RCT            RCTB33 BZ       280204646      -21109882.4
TELEBRAS-ADR            TBRAY GR        280204646      -21109882.4
TELEBRAS SA             TBASF US        280204646      -21109882.4
TELEBRAS-ADR            RTB US          280204646      -21109882.4
TELEBRAS-RTS CMN        RCTB1 BZ        280204646      -21109882.4
TELEBRAS-ADR            TBH US          280204646      -21109882.4
TELEBRAS-CEDE PF        RCTB4 AR        280204646      -21109882.4
HOTEIS OTHON SA         HOTHON BZ       255036150      -42606769.7
HOTEIS OTHON SA         HOOT3 BZ        255036150      -42606769.7
HOTEIS OTHON-PRF        HOTHPN BZ       255036150      -42606769.7
HOTEIS OTHON-PRF        HOOT4 BZ        255036150      -42606769.7
TEKA                    TKTQF US        246866965       -392777063
TEKA-PREF               TKTPF US        246866965       -392777063
TEKA-ADR                TEKAY US        246866965       -392777063
TEKA-PREF               TEKAPN BZ       246866965       -392777063
TEKA-ADR                TKTPY US        246866965       -392777063
TEKA                    TEKAON BZ       246866965       -392777063
TEKA-ADR                TKTQY US        246866965       -392777063
TEKA                    TEKA3 BZ        246866965       -392777063
TEKA-PREF               TEKA4 BZ        246866965       -392777063
PET MANG-RECEIPT        RPMG9 BZ        231024467       -184606117
PET MANG-RT             RPMG2 BZ        231024467       -184606117
PET MANG-RT             4115360Q BZ     231024467       -184606117
PETRO MANGUINHOS        MANGON BZ       231024467       -184606117
PETRO MANGUIN-PF        MANGPN BZ       231024467       -184606117
PET MANG-RT             RPMG1 BZ        231024467       -184606117
PET MANGUINH-PRF        RPMG4 BZ        231024467       -184606117
PET MANG-RT             4115364Q BZ     231024467       -184606117
PET MANG-RECEIPT        RPMG10 BZ       231024467       -184606117
PETRO MANGUINHOS        RPMG3 BZ        231024467       -184606117
PET MANG-RIGHTS         3678569Q BZ     231024467       -184606117
PET MANG-RIGHTS         3678565Q BZ     231024467       -184606117
SANSUY SA               SNSYON BZ       200809365       -115213257
SANSUY                  SNSY3 BZ        200809365       -115213257
SANSUY SA-PREF B        SNSYBN BZ       200809365       -115213257
SANSUY SA-PREF A        SNSYAN BZ       200809365       -115213257
SANSUY-PREF A           SNSY5 BZ        200809365       -115213257
SANSUY-PREF B           SNSY6 BZ        200809365       -115213257
D H B-PREF              DHBI4 BZ        185992309       -151323933
DHB IND E COM-PR        DHBPN BZ        185992309       -151323933
DHB IND E COM           DHBON BZ        185992309       -151323933
D H B                   DHBI3 BZ        185992309       -151323933
BALADARE                BLDR3 BZ        159454016      -52992212.8
FABRICA RENAUX          FTRX3 BZ        109683744      -48836146.4
FABRICA RENAUX          FRNXON BZ       109683744      -48836146.4
FABRICA RENAUX-P        FRNXPN BZ       109683744      -48836146.4
FABRICA TECID-RT        FTRX1 BZ        109683744      -48836146.4
FABRICA RENAUX-P        FTRX4 BZ        109683744      -48836146.4
WETZEL SA-PREF          MWELPN BZ       100017711      -5359345.82
WETZEL SA               MWET3 BZ        100017711      -5359345.82
WETZEL SA               MWELON BZ       100017711      -5359345.82
WETZEL SA-PREF          MWET4 BZ        100017711      -5359345.82
ESTRELA SA              ESTRON BZ       89585906       -80761486.8
ESTRELA SA-PREF         ESTRPN BZ       89585906       -80761486.8
ESTRELA SA-PREF         ESTR4 BZ        89585906       -80761486.8
ESTRELA SA              ESTR3 BZ        89585906       -80761486.8
ACO ALTONA              EALT3 BZ        89152030       -9848587.47
ACO ALTONA-PREF         EALT4 BZ        89152030       -9848587.47
ACO ALTONA SA           EAAON BZ        89152030       -9848587.47
ACO ALTONA-PREF         EAAPN BZ        89152030       -9848587.47
VARIG PART EM SE        VPSC3 BZ        83017829        -495721700
VARIG PART EM-PR        VPSC4 BZ        83017829        -495721700
RENAUXVIEW SA           TXRX3 BZ        73095834        -103943206
TEXTEIS RENA-RCT        TXRX10 BZ       73095834        -103943206
TEXTEIS RENAU-RT        TXRX2 BZ        73095834        -103943206
TEXTEIS RENAU-RT        TXRX1 BZ        73095834        -103943206
TEXTEIS RENAUX          RENXPN BZ       73095834        -103943206
TEXTEIS RENAUX          RENXON BZ       73095834        -103943206
RENAUXVIEW SA-PF        TXRX4 BZ        73095834        -103943206
TEXTEIS RENA-RCT        TXRX9 BZ        73095834        -103943206
SCHLOSSER               SCLO3 BZ        73036750       -34357832.6
SCHLOSSER-PREF          SCLO4 BZ        73036750       -34357832.6
SCHLOSSER SA-PRF        SCHPN BZ        73036750       -34357832.6
SCHLOSSER SA            SCHON BZ        73036750       -34357832.6
MINUPAR SA-PREF         MNPRPN BZ       63144534       -60655823.4
MINUPAR-RT              MNPR1 BZ        63144534       -60655823.4
MINUPAR-PREF            MNPR4 BZ        63144534       -60655823.4
MINUPAR-RCT             9314634Q BZ     63144534       -60655823.4
MINUPAR                 MNPR3 BZ        63144534       -60655823.4
MINUPAR-RT              9314542Q BZ     63144534       -60655823.4
MINUPAR-RCT             MNPR9 BZ        63144534       -60655823.4
MINUPAR SA              MNPRON BZ       63144534       -60655823.4
GRADIENTE ELETR         IGBON BZ        61088978        -282692297
GRADIENTE-PREF C        IGBR7 BZ        61088978        -282692297
GRADIENTE EL-PRB        IGBBN BZ        61088978        -282692297
GRADIENTE-PREF A        IGBR5 BZ        61088978        -282692297
GRADIENTE-PREF B        IGBR6 BZ        61088978        -282692297
IGB ELETRONICA          IGBR3 BZ        61088978        -282692297
GRADIENTE EL-PRC        IGBCN BZ        61088978        -282692297
GRADIENTE EL-PRA        IGBAN BZ        61088978        -282692297
VARIG PART EM TR        VPTA3 BZ        49432124        -399290396
VARIG PART EM-PR        VPTA4 BZ        49432124        -399290396
CIMOB PARTIC SA         GAFON BZ        44047412       -45669963.6
CIMOB PARTIC SA         GAFP3 BZ        44047412       -45669963.6
CIMOB PART-PREF         GAFPN BZ        44047412       -45669963.6
CIMOB PART-PREF         GAFP4 BZ        44047412       -45669963.6
WIEST                   WISA3 BZ        34108201        -126997429
WIEST SA                WISAON BZ       34108201        -126997429
WIEST SA-PREF           WISAPN BZ       34108201        -126997429
WIEST-PREF              WISA4 BZ        34108201        -126997429
RECRUSUL                RCSL3 BZ        31427766       -30307605.7
RECRUSUL-BON RT         RCSL11 BZ       31427766       -30307605.7
RECRUSUL - RT           4529781Q BZ     31427766       -30307605.7
RECRUSUL - RT           RCSL2 BZ        31427766       -30307605.7
RECRUSUL - RCT          RCSL9 BZ        31427766       -30307605.7
RECRUSUL SA-PREF        RESLPN BZ       31427766       -30307605.7
RECRUSUL - RCT          4529793Q BZ     31427766       -30307605.7
RECRUSUL - RT           RCSL1 BZ        31427766       -30307605.7
RECRUSUL-PREF           RCSL4 BZ        31427766       -30307605.7
RECRUSUL - RCT          RCSL10 BZ       31427766       -30307605.7
RECRUSUL - RCT          4529789Q BZ     31427766       -30307605.7
RECRUSUL SA             RESLON BZ       31427766       -30307605.7
RECRUSUL - RT           4529785Q BZ     31427766       -30307605.7
RECRUSUL-BON RT         RCSL12 BZ       31427766       -30307605.7
SANESALTO               SNST3 BZ        31044053       -1843297.83
BOTUCATU-PREF           STRP4 BZ        27663605       -7174512.03
STAROUP SA-PREF         STARPN BZ       27663605       -7174512.03
STAROUP SA              STARON BZ       27663605       -7174512.03
BOTUCATU TEXTIL         STRP3 BZ        27663605       -7174512.03
CONST BETER SA          COBEON BZ       25469474        -4918659.9
CONST BETER-PF B        COBE6B BZ       25469474        -4918659.9
CONST BETER-PF B        1COBBN BZ       25469474        -4918659.9
CONST BETER-PR A        1008Q BZ        25469474        -4918659.9
CONST BETER SA          1COBON BZ       25469474        -4918659.9
CONST BETER-PF B        COBE6 BZ        25469474        -4918659.9
CONST BETER-PR B        1009Q BZ        25469474        -4918659.9
CONST BETER-PFA         COBE5B BZ       25469474        -4918659.9
CONST BETER SA          1007Q BZ        25469474        -4918659.9
CONST BETER SA          COBE3B BZ       25469474        -4918659.9
CONST BETER-PR A        COBEAN BZ       25469474        -4918659.9
CONST BETER SA          COBE3 BZ        25469474        -4918659.9
CONST BETER-PF A        1COBAN BZ       25469474        -4918659.9
CONST BETER-PF A        COBE5 BZ        25469474        -4918659.9
CONST BETER-PR B        COBEBN BZ       25469474        -4918659.9
FERRAGENS HAGA          HAGAON BZ       23732827       -65883555.8
HAGA                    HAGA3 BZ        23732827       -65883555.8
FER HAGA-PREF           HAGA4 BZ        23732827       -65883555.8
FERRAGENS HAGA-P        HAGAPN BZ       23732827       -65883555.8
ALL ORE MINERACA        STLB3 BZ        23040051       -8699861.07
STEEL - RT              STLB1 BZ        23040051       -8699861.07
ALL ORE MINERACA        AORE3 BZ        23040051       -8699861.07
STEEL - RCT ORD         STLB9 BZ        23040051       -8699861.07
NOVA AMERICA-PRF        NOVA4B BZ       21287489        -183535527
NOVA AMERICA SA         NOVA3 BZ        21287489        -183535527
NOVA AMERICA SA         NOVA3B BZ       21287489        -183535527
NOVA AMERICA-PRF        NOVAPN BZ       21287489        -183535527
NOVA AMERICA SA         NOVAON BZ       21287489        -183535527
NOVA AMERICA-PRF        1NOVPN BZ       21287489        -183535527
NOVA AMERICA-PRF        NOVA4 BZ        21287489        -183535527
NOVA AMERICA SA         1NOVON BZ       21287489        -183535527
CAF BRASILIA            CAFE3 BZ        21097370        -903951461
CAFE BRASILIA SA        CSBRON BZ       21097370        -903951461
CAF BRASILIA-PRF        CAFE4 BZ        21097370        -903951461
CAFE BRASILIA-PR        CSBRPN BZ       21097370        -903951461
TECEL S JOSE-PRF        FTSJPN BZ       19067323       -52580501.1
TECEL S JOSE-PRF        SJOS4 BZ        19067323       -52580501.1
TECEL S JOSE            FTSJON BZ       19067323       -52580501.1
TECEL S JOSE            SJOS3 BZ        19067323       -52580501.1
NORDON METAL            NORDON BZ       15354597       -26859636.7
NORDON MET-RTS          NORD1 BZ        15354597       -26859636.7
NORDON MET              NORD3 BZ        15354597       -26859636.7
REII INC                REIC US         14423532          -3506007
LATTENO FOOD COR        LATF US         14423532          -3506007
B&D FOOD CORP           BDFCE US        14423532          -3506007
B&D FOOD CORP           BDFC US         14423532          -3506007
CHIARELLI SA-PRF        CCHI4 BZ        14300741       -46729432.5
CHIARELLI SA            CCHON BZ        14300741       -46729432.5
CHIARELLI SA            CCHI3 BZ        14300741       -46729432.5
CHIARELLI SA-PRF        CCHPN BZ        14300741       -46729432.5
HERCULES                HETA3 BZ        12689117        -170680899
HERCULES-PREF           HETA4 BZ        12689117        -170680899
HERCULES SA             HERTON BZ       12689117        -170680899
HERCULES SA-PREF        HERTPN BZ       12689117        -170680899
GAZOLA-RCPTS CMN        GAZO9 BZ        12452144       -40298531.2
GAZOLA-RCPT PREF        GAZO10 BZ       12452144       -40298531.2
GAZOLA SA-DVD CM        GAZO11 BZ       12452144       -40298531.2
GAZOLA-PREF             GAZO4 BZ        12452144       -40298531.2
GAZOLA                  GAZO3 BZ        12452144       -40298531.2
GAZOLA SA               GAZON BZ        12452144       -40298531.2
GAZOLA SA-DVD PF        GAZO12 BZ       12452144       -40298531.2
GAZOLA SA-PREF          GAZPN BZ        12452144       -40298531.2
ARTHUR LAN-DVD C        ARLA11 BZ       11642256       -17154461.9
ARTHUR LANGE-PRF        ARLA4 BZ        11642256       -17154461.9
ARTHUR LAN-DVD P        ARLA12 BZ       11642256       -17154461.9
ARTHUR LANGE            ARLA3 BZ        11642256       -17154461.9
ARTHUR LANG-RT P        ARLA2 BZ        11642256       -17154461.9
ARTHUR LANG-RT C        ARLA1 BZ        11642256       -17154461.9
ARTHUR LANG-RC C        ARLA9 BZ        11642256       -17154461.9
ARTHUR LANGE-PRF        ALICPN BZ       11642256       -17154461.9
ARTHUR LANG-RC P        ARLA10 BZ       11642256       -17154461.9
ARTHUR LANGE SA         ALICON BZ       11642256       -17154461.9
FERREIRA GUIMARA        FGUION BZ       11016542        -151840377
F GUIMARAES-PREF        FGUI4 BZ        11016542        -151840377
F GUIMARAES             FGUI3 BZ        11016542        -151840377
FERREIRA GUIM-PR        FGUIPN BZ       11016542        -151840377


CHILE

EMPRESA DE LOS F        2940894Z CI     1.934E+09        -50416404
CLARO COM SA            CHILESAT CI     1.157E+09       -122555290
CHILESAT CORP SA        TELEX CI        1.157E+09       -122555290
TELEX-RTS               TELEXO CI       1.157E+09       -122555290
TELEX-A                 TELEXA CI       1.157E+09       -122555290
TELMEX CORP-ADR         CSAOY US        1.157E+09       -122555290
CHILESAT CO-ADR         TL US           1.157E+09       -122555290
CHILESAT CO-RTS         CHISATOS CI     1.157E+09       -122555290


PUERTO RICO

TEXTIL SAN CRI-C        SNCR/C PE       59428058      -8824587.31
TEXTIL SAN CRI-C        SNCRISC1 PE     59428058      -8824587.31


                            ***********


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, 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.


                   * * * End of Transmission * * *