TCRLA_Public/111219.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


            Monday, December 19, 2011, Vol. 12, No. 250

                            Headlines


A N T I G U A  &  B A R B U D A

STANFORD INT'L: Prosecutors Say Owner Competent to Stand Trial


B E R M U D A

AERGO BERMUDA: Creditors' Proofs of Debt Due Dec. 21
AERGO BERMUDA: Members' Final Meeting Set for Jan. 10
ANDONE INSURANCE: Member to Receive Wind-Up Report on Jan. 9
EDISON CAPITAL: Creditors' Proofs of Debt Due Dec. 21
EDISON CAPITAL: Members' Final Meeting Set for Jan. 10

INSURANCE CAPITAL: Creditors' Proofs of Debt Due Dec. 21
INSURANCE CAPITAL: Member to Receive Wind-Up Report on Jan. 19


C A Y M A N   I S L A N D S

AIO-AC LTD: Creditors' Proofs of Debt Due Dec. 21
AJW MASTER: Creditors' Proofs of Debt Due Dec. 22
AJW OFFSHORE: Creditors' Proofs of Debt Due Dec. 22
ANTHRACITE BALANCED: Creditors' Proofs of Debt Due Dec. 22
BUS 529: Creditors' Proofs of Debt Due Dec. 21

CLP IT SOLUTIONS: Creditors' Proofs of Debt Due Dec. 21
ERMITAGE LEVERAGED: Creditors' Proofs of Debt Due Dec. 21
FEDERATED CBO: Creditors' Proofs of Debt Due Dec. 21
JLA HOLDINGS: Creditors' Proofs of Debt Due Dec. 21
NOVUS LEMATANG: Creditors' Proofs of Debt Due Dec. 21

OPTIMA DIVERSIFIED: Creditors' Proofs of Debt Due Dec. 23
PINPOINT ASSET: Creditors' Proofs of Debt Due Dec. 20
PINPOINT OPPORTUNITIES: Creditors' Proofs of Debt Due Dec. 20
PROGRESS FUNDING: Creditors' Proofs of Debt Due Dec. 21
RENAISSANCE RUSSIA: Creditors' Proofs of Debt Due Dec. 19

RS VENTURES: Creditors' Proofs of Debt Due Dec. 21
SAYAN INVESTMENTS: Creditors' Proofs of Debt Due Dec. 21
SEACOAST SAND: Creditors' Proofs of Debt Due Dec. 21
SIGNUM FUCHSIA: Creditors' Proofs of Debt Due Dec. 21
TGEM ASIA: Placed Under Voluntary Wind-Up


C H I L E

CHILE MINING: Posts US$349,800 Net Loss in Sept. 30 Quarter


E C U A D O R

* ECUADOR: IDB Approves US$71MM for Government Housing Project


J A M A I C A

DIGICEL GROUP: Goes After LIME's Fixed Line Customers in Barbados


P U E R T O   R I C O

BANCO POPULAR: Fitch Cuts Support Floor Rating to 'NF' From B
HOSPITAL DAMAS: Unsecured Creditors to Get 50% Recovery of Claims


T R I N I D A D  &  T O B A G O

* TRINIDAD & TOBAGO: Port Strike Results in Multi-Million Lost


X X X X X X X X

* BOND PRICING: For the Week December 12, to December 16, 2011


                            - - - - -


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


STANFORD INT'L: Prosecutors Say Owner Competent to Stand Trial
--------------------------------------------------------------
Caribbean360.com reports that United States federal prosecutors
have asked a district judge to find accused Ponzi schemer Robert
Allen Stanford competent to stand trial, charging that he
continues to "fake" memory loss to avoid his January 23 court
date.  Mr. Stanford is the owner of Stanford International Bank
Limited.

The claim is outlined in court documents filed ahead of
Stanford's competency hearing on Dec. 20, according to
Caribbean360.com.

The report notes that prosecutors cited in the filings that a
prison medical evaluation, which found that Mr. Stanford's
performance indicated he was 'blatantly simulating cognitive
defects/known to be malingering.'

Caribbean360.com discloses that Mr. Stanford was declared
competent to stand trial by prison doctors after he ended eight
months of treatment for addiction to prescription drugs in
November.

However, the report notes that Mr. Stanford's attorneys contend
that he cannot remember events preceding that attack.

As reported in the Troubled Company Reporter-Latin America on
Dec. 1, 2011, Bloomberg News related that Mr. Stanford will face
a Dec. 20 competency hearing scheduled by Houston U.S. District
Judge David Hittner to determine whether he is mentally fit to
stand trial next year.  The Wall Street Journal recalled that
Judge Hittner found Mr. Stanford incompetent to stand trial
following conclusions by three psychiatrists that Mr. Stanford is
mentally impaired.  According to The Journal, the decision by
Judge Hittner means Mr. Stanford's trial, originally scheduled to
begin in January, could be delayed at least through the second
half of the year.  The report disclosed that Mr. Stanford's
condition, according to the experts, has deteriorated since he
was incarcerated in mid-2009 due to a combination of factors,
including a head injury suffered in a confrontation with another
inmate, a major depressive disorder, and excessive medication for
anxiety and depression, to which he has become addicted.

                About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement.  Stanford Private Wealth Management
serves more than 70,000 clients in 140 countries.

On Feb. 16, 2009, the U.S. District Court for the Northern
District of Texas, Dallas Division, signed an order appointing
Ralph Janvey as receiver for all the assets and records of
Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission on Feb. 17, 2009,
charged before the U.S. District Court in Dallas, Texas, Mr.
Stanford and three of his companies for orchestrating a
fraudulent, multi-billion dollar investment scheme centering on a
US$8 billion Certificate of Deposit program.

A criminal case was also pursued against Mr. Stanford in June
2009 before the U.S. District Court in Houston, Texas.  Mr.
Stanford pleaded not guilty to 21 charges of multi-billion dollar
fraud, money-laundering and obstruction of justice.  Assistant
Attorney General Lanny Breuer, as cited by Agence France-Presse
News, said in a 57-page indictment that Mr. Stanford could face
up to 250 years in prison if convicted on all charges.  Mr.
Stanford surrendered to U.S. authorities after a warrant was
issued for his arrest on the criminal charges.

The criminal case is U.S. v. Stanford, H-09-342 (S.D. Tex.).  The
civil case is SEC v. Stanford International Bank, 09-cv-00298
(N.D. Tex.).


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


AERGO BERMUDA: Creditors' Proofs of Debt Due Dec. 21
----------------------------------------------------
The creditors of Aergo Bermuda Leasing Limited are required to
file their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Dec. 5, 2011.

The company's liquidator is:

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


AERGO BERMUDA: Members' Final Meeting Set for Jan. 10
-----------------------------------------------------
The members of Aergo Bermuda Leasing Limited will hold their
final meeting on Jan. 10, 2012, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on Dec. 5, 2011.

The company's liquidator is:

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


ANDONE INSURANCE: Member to Receive Wind-Up Report on Jan. 9
------------------------------------------------------------
The member of Andone Insurance Company Limited will receive on
Jan. 9, 2012, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

Christopher Dye is the company's liquidator.


EDISON CAPITAL: Creditors' Proofs of Debt Due Dec. 21
-----------------------------------------------------
The creditors of Edison Capital LAI (Bermuda) Ltd. are required
to file their proofs of debt by Dec. 21, 2011, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on Dec. 5, 2011.

The company's liquidator is:

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


EDISON CAPITAL: Members' Final Meeting Set for Jan. 10
------------------------------------------------------
The members of Edison Capital LAI (Bermuda) Ltd. will hold their
final meeting on Jan. 10, 2012, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on Dec. 5, 2011.

The company's liquidator is:

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


INSURANCE CAPITAL: Creditors' Proofs of Debt Due Dec. 21
--------------------------------------------------------
The creditors of Insurance Capital Markets Holdings, Ltd. are
required to file their proofs of debt by Dec. 21, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Dec. 6, 2011.

The company's liquidator is:

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


INSURANCE CAPITAL: Member to Receive Wind-Up Report on Jan. 19
--------------------------------------------------------------
The member of Insurance Capital Markets Holdings, Ltd. will
receive on Jan. 19, 2012, 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 Dec. 6, 2011.

The company's liquidator is:

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


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


AIO-AC LTD: Creditors' Proofs of Debt Due Dec. 21
-------------------------------------------------
The creditors of AIO-AC Ltd are required to file their proofs of
debt by Dec. 21, 2011, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on Nov. 10, 2011.

The company's liquidator is:

        Walkers Corporate Services Limited
        Walker House, 87 Mary Street, George Town
        Grand Cayman KY1-9005
        Cayman Islands
        c/o Jennifer Chailler
        Telephone: (345) 814 6847


AJW MASTER: Creditors' Proofs of Debt Due Dec. 22
-------------------------------------------------
The creditors of AJW Master Fund, Ltd are required to file their
proofs of debt by Dec. 22, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Oct. 31, 2011.

The company's liquidator is:

        Ian Stokoe
        c/o Aaron Gardner
        Telephone: (345) 914 8655
        Facsimile: (345) 945 4237
        PO Box 258 Grand Cayman KY1-1104
        Cayman Islands


AJW OFFSHORE: Creditors' Proofs of Debt Due Dec. 22
---------------------------------------------------
The creditors of AJW Offshore, Ltd are required to file their
proofs of debt by Dec. 22, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Oct. 31, 2011.

The company's liquidator is:

        Ian Stokoe
        c/o Aaron Gardner
        Telephone: (345) 914 8655
        Facsimile: (345) 945 4237
        PO Box 258 Grand Cayman KY1-1104
        Cayman Islands


ANTHRACITE BALANCED: Creditors' Proofs of Debt Due Dec. 22
----------------------------------------------------------
The creditors of Anthracite Balanced Company (R-15) Limited are
required to file their proofs of debt by Dec. 22, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Nov. 3, 2011.

The company's liquidator is:

        David A.K. Walker
        c/o Aaron Gardner
        Telephone: (345) 914 8655
        Facsimile: (345) 945 4237
        P.O. Box 258 Grand Cayman KY1-1104
        Cayman Islands


BUS 529: Creditors' Proofs of Debt Due Dec. 21
----------------------------------------------
The creditors of Bus 529 Acquisition Corp. are required to file
their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Nov. 8, 2011.

The company's liquidator is:

        Walkers Corporate Services Limited
        Walker House, 87 Mary Street, George Town
        Grand Cayman KY1-9005
        Cayman Islands
        c/o Jennifer Chailler
        Telephone: (345) 814 6847


CLP IT SOLUTIONS: Creditors' Proofs of Debt Due Dec. 21
-------------------------------------------------------
The creditors of CLP IT Solutions Limited are required to file
their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Nov. 10, 2011.

The company's liquidator is:

        Walkers Corporate Services Limited
        Walker House, 87 Mary Street, George Town
        Grand Cayman KY1-9005
        Cayman Islands
        c/o Jennifer Chailler
        Telephone: (345) 814 6847


ERMITAGE LEVERAGED: Creditors' Proofs of Debt Due Dec. 21
---------------------------------------------------------
The creditors of Ermitage Leveraged SPC are required to file
their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Nov. 10, 2011.

The company's liquidator is:

        David Morrissey
        Telephone: 44 1534 615 500
        Facsimile: 44 1534 615 520
        c/o Ermitage Asset Management Jersey Limited
        1st Floor, 47 The Esplanade
        St Helier
        Jersey JE1 9LB
        Channel Islands


FEDERATED CBO: Creditors' Proofs of Debt Due Dec. 21
----------------------------------------------------
The creditors of Federated CBO, Limited are required to file
their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Nov. 10, 2011.

The company's liquidator is:

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


JLA HOLDINGS: Creditors' Proofs of Debt Due Dec. 21
---------------------------------------------------
The creditors of JLA Holdings Inc. are required to file their
proofs of debt by Dec. 21, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Nov. 10, 2011.

The company's liquidator is:

        Commerce Corporate Services Limited
        P.O. Box 694 Grand Cayman
        Cayman Islands
        Telephone: 949 8666
        Facsimile: 949 0626


NOVUS LEMATANG: Creditors' Proofs of Debt Due Dec. 21
-----------------------------------------------------
The creditors of Novus Lematang Co. are required to file their
proofs of debt by Dec. 21, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Nov. 3, 2011.

The company's liquidator is:

        Walkers Corporate Services Limited
        Walker House, 87 Mary Street, George Town
        Grand Cayman KY1-9005
        Cayman Islands
        c/o Jennifer Chailler
        Telephone: (345) 814 6847


OPTIMA DIVERSIFIED: Creditors' Proofs of Debt Due Dec. 23
---------------------------------------------------------
The creditors of The Optima Diversified Special Investment Fund
are required to file their proofs of debt by Dec. 23, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Nov. 11, 2011.

The company's liquidator is:

        Richard Finlay
        c/o Maree Martin
        Telephone: (345) 814 7376
        Facsimile: (345) 945 3902
        P.O. Box 2681 Grand Cayman   KY1-1111
        Cayman Islands


PINPOINT ASSET: Creditors' Proofs of Debt Due Dec. 20
-----------------------------------------------------
The creditors of Pinpoint Asset Management Group are required to
file their proofs of debt by Dec. 20, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Nov. 1, 2011.

The company's liquidator is:

        Shen Dayou
        Telephone: 852 25235990
        Facsimile: 852 25235993
        Two International Finance Centre, Level 33
        8 Finance Street
        Central
        Hong Kong


PINPOINT OPPORTUNITIES: Creditors' Proofs of Debt Due Dec. 20
-------------------------------------------------------------
The creditors of Pinpoint Opportunities Fund are required to file
their proofs of debt by Dec. 20, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Nov. 1, 2011.

The company's liquidator is:

        Shen Dayou
        Telephone: 852 25235990
        Facsimile: 852 25235993
        Two International Finance Centre, Level 33
        8 Finance Street
        Central
        Hong Kong


PROGRESS FUNDING: Creditors' Proofs of Debt Due Dec. 21
-------------------------------------------------------
The creditors of Progress Funding are required to file their
proofs of debt by Dec. 21, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Nov. 11, 2011.

The company's liquidator is:

        Walkers Corporate Services Limited
        Walker House, 87 Mary Street, George Town
        Grand Cayman KY1-9005
        Cayman Islands
        c/o Jennifer Chailler
        Telephone: (345) 814 6847


RENAISSANCE RUSSIA: Creditors' Proofs of Debt Due Dec. 19
---------------------------------------------------------
The creditors of Renaissance Russia Master Fund SPC are required
to file their proofs of debt by Dec. 19, 2011, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on Oct. 26, 2011.

The company's liquidator is:

        Appleby Trust (Cayman) Ltd.
        PO Box 1350 Clifton House
        75 Fort Street
        Grand Cayman KY1-1108
        Cayman Islands


RS VENTURES: Creditors' Proofs of Debt Due Dec. 21
--------------------------------------------------
The creditors of RS Ventures Corporation are required to file
their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Nov. 10, 2011.

The company's liquidator is:

        Commerce Corporate Services Limited
        P.O. Box 694 Grand Cayman
        Cayman Islands
        Telephone: 949 8666
        Facsimile: 949 0626


SAYAN INVESTMENTS: Creditors' Proofs of Debt Due Dec. 21
--------------------------------------------------------
The creditors of Sayan Investments Ltd are required to file their
proofs of debt by Dec. 21, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Nov. 11, 2011.

The company's liquidator is:

        DMS Corporate Services Ltd.
        c/o Bernadette Bailey-Lewis
        Telephone: (345) 946 7665
        Facsimile: (345) 946 7666
        dms Corporate Services Ltd.
        dms House, 2nd Floor
        P.O. Box 1344, Grand Cayman KY1-1108
        Cayman Islands


SEACOAST SAND: Creditors' Proofs of Debt Due Dec. 21
----------------------------------------------------
The creditors of Seacoast Sand and Gravel Co. Ltd are required to
file their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Nov. 10, 2011.

The company's liquidator is:

        Commerce Corporate Services Limited
        P.O. Box 694 Grand Cayman
        Cayman Islands
        Telephone: 949 8666
        Facsimile: 949 0626


SIGNUM FUCHSIA: Creditors' Proofs of Debt Due Dec. 21
-----------------------------------------------------
The creditors of Signum Fuchsia Limited are required to file
their proofs of debt by Dec. 21, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Nov. 10, 2011.

The company's liquidator is:

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


TGEM ASIA: Placed Under Voluntary Wind-Up
-----------------------------------------
On Nov. 9, 2011, the sole shareholder of TGEM Asia Ltd. passed a
resolution that voluntarily winds up the company's operations.

Only creditors who were able to file their proofs of debt by
Dec. 12, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

        Ogier
        c/o Kim Smith
        Telephone: (345) 949-9876
        Facsimile: (345) 949-9877
        89 Nexus Way Camana Bay
        Grand Cayman KY1-9007
        Cayman Islands


=========
C H I L E
=========


CHILE MINING: Posts US$349,800 Net Loss in Sept. 30 Quarter
-----------------------------------------------------------
Chile Mining Technologies Inc. filed on Dec. 9, 2011, its
quarterly reports on Form 10-Q for the three months ended Sept.
30, 2011, and the three months ended June 30, 2011.

The Company reported a net loss of US$349,858 on US$70,729 of
sales for the three months ended Sept. 30, 2011, compared with a
net loss of US$541,581 on US$64,684 of revenues for the three
months ended Sept. 30, 2010.

For the six months ended Sept. 30, 2011, the Company has reported
a net loss of US$676,464 on US$133,938 of sales, compared with a
net loss of US$1.7 million on US$64,684 of revenues for the six
months ended Sept. 30, 2010.

The Company's balance sheet at Sept. 30, 2011, showed US$6.7
million in total assets, US$11.5 million in total liabilities,
US$3.1 million in redeemable common stock, and a stockholders'
deficit of US$7.9 million.

A copy of the Form 10-Q for the three months ended Sept. 30,
2011, is available for free at http://is.gd/kWysdp

The Company reported a net loss of US$326,606 on US$63,209 of
sales for the three months ended June 30, 2011, compared with a
net loss of US$1.2 million on US$0 revenues for the three months
ended June 30, 2010.

The Company's balance sheet at June 30, 2011, showed US$7.4
million in total assets, US$11.6 million in total liabilities,
US$3.1 million in redeemable common stock, and a stockholders'
deficit of US$7.3 million.

A copy of the Form 10-Q for the three months ended June 30, 2011,
is available for free at http://is.gd/m8iS1K

Schwartz Levitsky Feldman LLP, in Toronto, Ontario, Canada,
expressed substantial doubt about Chile Mining Technologies'
ability to continue as a going concern, following the Company's
results for the fiscal year ended March 31, 2011.  The
independent auditors noted that the Company is dependent upon its
ability to obtain financing and upon future profitable operations
from the production of copper.

                         About Chile Mining

Chile Mining Technologies Inc. is a mineral extraction company
based in the Republic of Chile, with copper as its principal "pay
metal."  The Company is headquartered in Nunoa, Santiago, in the
Republic of Chile.


=============
E C U A D O R
=============


* ECUADOR: IDB Approves US$71MM for Government Housing Project
--------------------------------------------------------------
Inter-American Development Bank approved a loan for US$71 million
to help Ecuador carry out a housing project for low-income
families in the city of Guayaquil.

The project, which will be implemented by the Ministry of Housing
and Urban Development, will provide grants and access to
mortgages for thousands of families living in overcrowded
informal settlements in an environmentally protected area.

As a result of the operation, an expected 8,762 families will
receive permanent housing in a new location that will be provided
with improved sanitation and access to public services.  Another
anticipated benefit of the relocation will be a 30% increase in
average family income as a result of better access to the labor
market and savings in the cost of services such as water and
healthcare.

The previous settlement area will be rehabilitated and made into
an environmental protection area of 2,200 hectares.  Program
funds will also finance the establishment of public parks,
including a park along the Daule River diversion channel.

Three urban centres that will be created for the relocated
families will contain cultural centers, shopping areas, plazas,
and playgrounds.  Facilities will include libraries, meeting
rooms, and public services such as civil registries.

The project will also support collaboration among institutions
through the creation of an office to coordinate civil works and
social support activities carried out by different ministries.

The loan was extended for a 25-year term with a five-year grace
period and an interest rate based on LIBOR.  The Ecuadoran
government will contribute US$4 million to the project.

                          *     *     *

As of Dec. 17, 2011, the country continues to carry Moody's "Ba1"
long-term, corporate family, senior unsecured debt, and
probability of default ratings.


=============
J A M A I C A
=============


DIGICEL GROUP: Goes After LIME's Fixed Line Customers in Barbados
-----------------------------------------------------------------
Geralyn Edward at Jamaica Observer reports that Digicel Group
Limited Managing Director Barry O'Brien said that market
penetration for cellphones in Barbados is nearly maxed out and it
is now going after LIME's substantial fixed line customers.

Mr. O'Brien said that cellphone penetration was around 110%,
while the highest figures achieved in some European countries was
about 118 to 120%, according to Jamaica Observer.

In this connection, the report relates, Mr. O'Brien cited Digicel
Group's recent acquisition of Netxar Technologies, a local ICT
company.

Mr. O'Brien said Digicel Group was now eager to bring more
competition to the fixed line market, Jamaica Observer adds.

                       About Digicel Group

Digicel Group Limited -- http://www.digicelgroup.com/-- is
renowned for competitive rates, unbeatable coverage, superior
customer care, a wide variety of products and services and state-
of-the-art handsets.  By offering innovative wireless services
and community support, Digicel Group has become a leading brand
across its 31 markets worldwide.

Digicel is incorporated in Bermuda based in Jamaica.  It has=
operations in 31 markets worldwide.  Its Caribbean and Central
American markets comprise Anguilla, Antigua & Barbuda, Aruba
Barbados, Bermuda, Bonaire, the British Virgin Islands, the
Cayman Islands, Curacao, Dominica, El Salvador, French Guiana,
Grenada, Guadeloupe, Guyana, Haiti, Honduras, Jamaica,
Martinique, Panama, St. Kitts Nevis, St. Lucia, St. Vincent & the
Grenadines, Suriname, Trinidad & Tobago and Turks & Caicos.  The
Caribbean company also has coverage in St. Martin and St. Barts.
Digicel Pacific comprises Fiji, Papua New Guinea, Samoa, Tonga
and Vanuatu.

                           *     *     *

As of September 27, 2011, the company continues to carry Moody's
A "Caa1" senior unsecured debt rating.


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


BANCO POPULAR: Fitch Cuts Support Floor Rating to 'NF' From B
-------------------------------------------------------------
In accordance with the Fitch Ratings report titled 'U.S. Banks -
Sovereign Support: When Does it End' dated Dec. 15, 2011, Fitch
has downgraded the Support and Support Floor Rating for Banco
Popular de Puerto Rico to '5' and 'NF' from '4' and 'B',
respectively.

There are no implications for Popular Inc.'s long- or short-term
Issuer Default Rating or issue-level ratings as a result of
Fitch's action.

Fitch has downgraded and removed the following ratings from
Rating Watch Negative:

Banco Popular de Puerto Rico

  -- Support to '5' from '4';
  -- Support floor to 'NF' from 'B'.


HOSPITAL DAMAS: Unsecured Creditors to Get 50% Recovery of Claims
-----------------------------------------------------------------
Hospital Damas, Inc., and the Official Committee of Unsecured
Creditors have submitted a First Amended Joint Disclosure
Statement in support of their First Amended Plan of
Reorganization.

Except as otherwise provided in the Plan, Debtor will effect
payment of all Allowed Administrative Expense Claims, BPPR's
Secured Claims and General Unsecured Claims with the available
funds originating from Debtor's operations and the collection of
Debtor's accounts receivable.

The Plan segregates the various claims and the shareholder's
interest in the Debtor into five classes:

Class 1. Allowed Claim of Banco Popular de Puerto Rico -
         US$23,081,328.  The Allowed Claim of BPPR secured by
         substantially all of the Debtor's assets will be paid in
         full over time.  This Class is Impaired and Entitled to
         Vote.

Class 2. Holders of Allowed General Unsecured Claims Arising From
         Medical Malpractice Actions Against Debtor.  The
         Estimated Amount of Amount of Allowed Claims is Unknown.

         Holders of Class 2 Claims will be paid in full
         satisfaction of such clams on the Effective Date on a
         pro rata basis from the self-insured fund established
         for their payment, amounting to US$1,006,613 as of July
         31, 2011.  Class 2 is Impaired and Entitled to Vote.
         Estimated recovery is Unknown.

Class 3. Holders of Allowed General Unsecured Claims Other Than
         Those in Class 2 - US$6,988,997.

         The Plan provides for the establishment of a Creditor
         Trust for the benefit of Class 3 Claims.  The terms of
         the Creditor Trust will be set forth in an agreement
         which will be filed as a supplement to the Plan.  The
         Creditor Trust will be administered by a Creditor
         Trustee selected by the Committee.  Class 3 is Impaired
         and Entitled to Vote.  Estimated recovery is 50% or
         US$3,494,500, whichever is less.

Class 4. Holders of Allowed General Unsecured Claims Arising From
Assumed Executory Contracts - US$3,627,259.

         Holders of Class 4 Claims will be paid an estimated
         dividend of 62.9% thereof through different payment
         plans negotiated with landlords or suppliers.  Class 4
         is Impaired and Entitled to Vote.  Estimated recovery is
         62.9%.

Class 5. Interest.

         The shares of Fundacion Damas Inc. in Debtor will be
         retained.  This Class is Unimpaired and is Deemed to
         have accepted the Plan.

A copy of the First Amended Joint Disclosure Statement is
available for free at:

        http://bankrupt.com/misc/hospitaldamas.dkt819.pdf

Ponce, Puerto Rico-based Hospital Damas, Inc., operates a general
acute care hospital, providing critical care, general medical and
skilled nursing services.  Debtor is a wholly owned subsidiary of
Fundacion Damas Inc.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
P.R. Case No. 10-08844) on Sept. 24, 2010.  According to its
schedules, the Debtor disclosed US$24,017,166 in total assets and
US$21,267,263 in total liabilities.

Attorneys at Charles A. Cuprill, P.S.C., in San Juan, Puerto
Rico, represent the Debtor as counsel.  Attorneys at Kilpatrick
Townsend & Stockton LLP, in Atlanta, Ga., represent the Official
Committee of Unsecured Creditors as counsel.


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


* TRINIDAD & TOBAGO: Port Strike Results in Multi-Million Lost
--------------------------------------------------------------
Caribbean360.com reports that Gregory Aboud, head of Downtown
Owners and Merchants Association (DOMA), said the 3.5-day stand-
off between union and management at the Port Authority of
Trinidad and Tobago has placed a staggering multi-million dollar
cost on business people who their containers of goods stranded
during the action.

Mr. Aboud said that the demurrage on stalled containers cost
business people as much as TT$1,000 a day and with 4,000
containers held up from being cleared, business people were
likely hit with almost TT$4 million in daily losses, according to
Caribbean360.com.

On top of those costs, Mr. Aboud said, Christmas sales and goods
were already lost as some cargo ships that could not offload
during the strike might not return to the port with the necessary
goods for several weeks, the report notes.

Caribbean360.com discloses that Mr. Aboud expressed fear that
this fallout would create more disharmonies between business and
unions and he has joined a private sector-wide call for the
issues between workers and management and government owned
facilities critical to business to be settled once and for all.


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


* BOND PRICING: For the Week December 12, to December 16, 2011
--------------------------------------------------------------

  Issuer             Coupon    Maturity     Currency       Price
  ------             ------    --------     --------       -----

  ARGENTINA
  ---------

ARGENT-$DIS              8.28    12/31/2033     USD            69
ARGENT-$DIS              8.28    12/31/2033     USD            71
ARGENT-PAR               1.18    12/31/2038     ARS          46.4
ARGENT- DIS              7.82    12/31/2033     EUR            55
ARGENT- DIS              7.82    12/31/2033     EUR          59.1
ARGENT- DIS              7.82    12/31/2033     EUR            59
ARGENT- DIS              4.33    12/31/2033     JPY            42
ARGENT- PAR              0.45    12/31/2038     JPY            15
ARGENT- PAR&GDP          0.45    12/31/2038     JPY             8
PROV BUENOS AIRE        9.625    4/18/2028      USD          63.8
PROV BUENOS AIRE        9.375    9/14/2018      USD          73.8
PROV BUENOS AIRE       10.875    1/26/2021      USD          72.7
PROV BUENOS AIRE        9.375    9/14/2018      USD          71.5
PROV BUENOS AIRE       10.875    1/26/2021      USD          73.2

  BRAZIL
  ------

BANCO CRUZEIRO          8.875    9/22/2020      USD            62
BANCO CRUZEIRO          8.875    9/22/2020      USD          63.8
BANCO CRUZEIRO           8.25    1/20/2016      USD          68.9
BANCO CRUZEIRO           8.25    1/20/2016      USD            68
BANCO CRUZEIRO            8.5    2/20/2015      USD          77.1

  CAYMAN ISLAND
  -------------

BANCO BPI (CI)           4.15    11/14/2035     EUR          34.6
BCP FINANCE BANK         5.01    3/31/2024      EUR          31.6
BCP FINANCE BANK         5.31    12/10/2023     EUR          33.6
BCP FINANCE CO          5.543                   EUR            32
BCP FINANCE CO          4.239                   EUR          32.9
BES FINANCE LTD          5.58                   EUR          29.7
BES FINANCE LTD           4.5                   EUR          41.6
CAM GLOBAL FIN           6.08    12/22/2030     EUR          63.4
CHINA AUTOMATION         7.75    4/20/2016      USD          65.4
CHINA FORESTRY          10.25    11/17/2015     USD          67.5
CHINA FORESTRY          10.25    11/17/2015     USD          64.6
CHINA HUIYUAN JU            4    4/29/2016      USD          69.8
CHINA MED TECH           6.25    12/15/2016     USD          30.4
CHINA MED TECH              4    8/15/2013      USD          51.3
CHINA SCE PROPER         10.5    1/14/2016      CNY          68.4
CHINA SUNERGY            4.75    6/15/2013      USD          61.5
DUBAI HLDNG COMM            6    2/1/2017       GBP          71.1
EFG ORA FUNDING           1.7    10/29/2014     EUR          49.3
ESFG INTERNATION        5.753                   EUR          32.7
FANTASIA HOLDING           14    5/12/2015      USD          72.9
FANTASIA HOLDING           14    5/12/2015      USD          72.8
GLORIOUS PROPERT           13    10/25/2015     USD          70.1
GREENTOWN CHINA             9    11/8/2013      USD          74.9
GREENTOWN CHINA             9    11/8/2013      USD          74.9
HIDILI INDUSTRY         8.625    11/4/2015      USD          75.4
HOME INNS                   2    12/15/2015     USD          77.2
HOME INNS                   2    12/15/2015     USD          73.6
JA SOLAR HOLD CO          4.5    5/15/2013      USD          72.3
JINKOSOLAR HOLD             4    5/15/2016      USD          38.4
KAISA GROUP                 8    12/20/2015     CNY          72.5
LDK SOLAR CO LTD         4.75    4/15/2013      USD          63.3
LDK SOLAR CO LTD         4.75    4/15/2013      USD          52.3
LDK SOLAR CO LTD         4.75    4/15/2013      USD            65
LUPATECH FINANCE        9.875                   USD            65
LUPATECH FINANCE        9.875                   USD            63
MARFRIG OVERSEAS          9.5    5/4/2020       USD            71
MARFRIG OVERSEAS          9.5    5/4/2020       USD          72.3
MBPS FINANCE            11.25    11/15/2015     USD          67.5
MBPS FINANCE            11.25    11/15/2015     USD          65.5
MINGFA GROUP INT         5.25    5/23/2016      HKD            72
POLARCUS LTD            2.875    4/27/2016      USD          73.1
POWERLONG RE HLD        13.75    9/16/2015      USD          64.9
POWERLONG RE HLD        13.75    9/16/2015      USD          64.5
POWERLONG RE HLD         11.5    3/17/2014      CNY          67.6
PUBMASTER FIN           6.962    6/30/2028      GBP          53.5
PUBMASTER FIN            8.44    6/30/2025      GBP            57
RENHE COMMERCIAL        11.75    5/18/2015      USD            70
RENHE COMMERCIAL           13    3/10/2016      USD          71.8
RENHE COMMERCIAL           13    3/10/2016      USD          72.1
RENHE COMMERCIAL        11.75    5/18/2015      USD          70.5
SHIMAO PROPERTY             8    12/1/2016      USD            75
SOLARFUN POWER H          3.5    1/15/2018      USD          49.5
SOLARFUN POWER H          3.5    1/15/2018      USD          48.5
SPG LAND HOLDING         13.5    4/8/2016       USD          64.3
SUNTECH POWER               3    3/15/2013      USD            40
SUNTECH POWER               3    3/15/2013      USD          43.5
TEXHONG TEXTILE         7.625    1/19/2016      USD          71.9
TEXHONG TEXTILE         7.625    1/19/2016      USD            68
YUZHOU PROPERTIE         13.5    12/15/2015     USD          66.6
YUZHOU PROPERTIE         13.5    12/15/2015     USD            65


  CHILE
  -----

AGUAS NUEVAS              3.4    5/15/2012      CLP          0.44
CGE DISTRIBUCION         3.25    12/1/2012      CLP          19.5
COLBUN SA                 3.2    5/1/2013       CLP            73
ESVAL S.A.                3.8    7/15/2012      CLP          25.3
MASISA                   4.25    10/15/2012     CLP          19.7
QUINENCO SA               3.5    7/21/2013      CLP          24.9


  PANAMA
  ------

NEWLAND INT PROP          9.5    11/15/2014     USD            58


  PUERTO RICO
  -----------

BANCO SANTANDER           6.1    6/1/2032       USD            60
BANCO SANTANDER           6.3    6/1/2032       USD          62.1
PUERTO RICO CONS          6.3    11/1/2033      USD          0.01
PUERTO RICO CONS          6.2    5/1/2017       USD            53

  VENEZUELA
  ---------

PETROLEOS DE VEN          5.5    4/12/2037      USD          46.9
PETROLEOS DE VEN        5.375    4/12/2027      USD          48.4
PETROLEOS DE VEN         5.25    4/12/2017      USD          62.9
PETROLEOS DE VEN        5.125    10/28/2016     USD          63.9
PETROLEOS DE VEN            5    10/28/2015     USD          70.4
PETROLEOS DE VEN          8.5    11/2/2017      USD          74.2
PETROLEOS DE VEN          8.5    11/2/2017      USD          74.4
VENEZUELA                   7    3/31/2038      USD          56.3
VENEZUELA                   7    3/31/2038      USD          57.3
VENEZUELA                   6    12/9/2020      USD          60.5
VENEZUELA                7.65    4/21/2025      USD          61.7
VENEZUELA                8.25    10/13/2024     USD          64.3
VENEZUELA                9.25    5/7/2028       USD            69
VENEZUELA                   9    5/7/2023       USD          68.3
VENEZUELA                   7    12/1/2018      USD          69.8
VENEZUELA                7.75    10/13/2019     USD          70.8
VENEZUELA                9.25    9/15/2027      USD          71.5
VENEZUELA                9.25    9/15/2027      USD          72.3
VENZOD - 189000         9.375    1/13/2034      USD          67.8


                            ***********


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 * * *