TCRLA_Public/120120.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

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


           Friday, January 20, 2012, Vol. 13, No. 013



                            Headlines



A N T I G U A  &  B A R B U D A

STANFORD INT'L: Liquidators Ask Victims to File Claims for Money


A R G E N T I N A

COMPANIA GENERAL: S&P Lowers Corporate Credit Rating to 'BB+'
SUPERVIELLE PERSONALES: Moody's Gives Ba3 Rating to ARS30.3 Notes


B A R B A D O S

FOUR SEASONS: NIS to Invest in Resort, Minister Confirms


B R A Z I L

COMPANHIA DE SANEAMENTO: Moody's Gives 'Ba1' Global Scale Rating


C A Y M A N   I S L A N D S

AGRIFIRMA HOLDINGS: Commences Liquidation Proceedings
BEIJING JASMINE: Commences Liquidation Proceedings
BKX INTERNATIONAL: Commences Liquidation Proceedings
CHEYNE GENERAL: Commences Liquidation Proceedings
COMMERCIAL LIMITED: Commences Liquidation Proceedings

EXTENDED HOTEL: Commences Liquidation Proceedings
FARALLON FCOI: Commences Liquidation Proceedings
FLASH ELECTRONICS: Placed Under Voluntary Wind-Up
GLENRIDGE INVESTMENTS: Commences Liquidation Proceedings
HEALTHCARE EQUITY: Commences Liquidation Proceedings

HEALTHCARE FINANCE: Commences Liquidation Proceedings
KALLISTA MASTER: Commences Liquidation Proceedings
KD BLUE: Commences Liquidation Proceedings
KROS MASTER: Commences Liquidation Proceedings
KROS SPECTRUM: Commences Liquidation Proceedings

LAS BRISAS: Commences Liquidation Proceedings
LB CAPITAL: Commences Liquidation Proceedings
LINDSELL TRAIN: Commences Liquidation Proceedings
LOOMIS SAYLES: Commences Liquidation Proceedings
MEDICAL EQUITY: Commences Liquidation Proceedings

MEDICAL FINANCE: Commences Liquidation Proceedings
MTF SPV V: Commences Liquidation Proceedings
RICHARDSON INVESTMENTS: Commences Liquidation Proceedings
SSTI TAIWAN: Commences Liquidation Proceedings
UBS GLOBAL: Commences Liquidation Proceedings

US DIVERSIFIED: Commences Liquidation Proceedings
YELLOWSTONE NATURAL: Commences Liquidation Proceedings


M E X I C O

AVANCE Y FORTALECIMIENTO: Moody's Gives 'Caa1' Issuer Ratings


P U E R T O   R I C O

COOPERATIVA DE SEGUROS: A.M. Best Affirms FSR at 'B-'
EUROCLASS MOTORS: Plan Filing Period Extended Until Jan. 30


V I R G I N  I S L A N D S

GREENWICH SENTRY: U.S. Court Confirms Repayment Plans
HOVENSA REFINERY: To Close Down Operations on Reduce Demands


X X X X X X X X

* LATAM: IDB Approves US$30 Million Investment in Green Fund


                            - - - - -


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


STANFORD INT'L: Liquidators Ask Victims to File Claims for Money
----------------------------------------------------------------
Kit Chellel at Bloomberg News reports that Stanford International
Bank Limited liquidators said creditors and victims needed to
complete and submit a claim form if they wanted to receive
distributions from the liquidators.

Grant Thornton LLP, appointed by an Antiguan court to wind up
Stanford International Bank, hopes to release funds held in the
U.K., Canada and Switzerland and proceeds from the sale of
Stanford property in Antigua, according to Bloomberg.

". . . . we can't say that either is imminent, but we continue
pushing forward on both fronts as hard as we can to make
distribution to depositor victims," Grant Thornton liquidator Hugh
Dickson said in an e-mailed statement obtained by the news agency.

Liquidators in Antigua and the U.S. are seeking control of
Stanford's assets to return money to his alleged victims,
including those who bought worthless certificates of deposit from
Stanford International Bank.

                 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.).


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


COMPANIA GENERAL: S&P Lowers Corporate Credit Rating to 'BB+'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Chile-based Compania General de Electricidad S.A. (CGE)
to 'BB+' from 'BBB-'.  The outlook is stable.  "We subsequently
withdrew the corporate credit rating on CGE at its request," S&P
said.

"The downgrade is based on the company's ongoing 'less-than-
adequate' liquidity and weak financial performance.  Nevertheless,
we believe CGE will continue benefitting from strong power demand
in Chile, a strong business position, and good access to the local
capital markets," S&P said.


SUPERVIELLE PERSONALES: Moody's Gives Ba3 Rating to ARS30.3 Notes
-----------------------------------------------------------------
Moody's Latin America has assigned ratings to the debt securities
and certificates of Fideicomiso Financiero Supervielle Personales
5.  This transaction will be issue by Deutsche Bank (Argentina)
S.A., acting solely in its capacity as Issuer and Trustee.

Moody's notes that the securities contemplated by this transaction
have not yet settled.  If any assumptions or factors considered by
Moody's in assigning the ratings change before closing, Moody's
could change the ratings assigned to the notes.

-- ARS30,303,000 in Class A Floating Rate Debt Securities of
   "Fideicomiso Financiero Supervielle Personales 5", rated Aaa.ar
   (sf) (Argentine National Scale) and Ba2 (sf) (Global Scale,
   Local Currency)

-- ARS35,579,000 in Class B Floating Rate Debt Securities of
    "Fideicomiso Financiero Supervielle Personales 5", rated
    Aaa.ar (sf) (Argentine National Scale) and Ba3 (sf) (Global
    Scale, Local Currency)

-- ARS16,018,000 in Certificates of "Fideicomiso Financiero
    Supervielle Personales 5", rated Caa2.ar (sf) (Argentine
    National Scale) and Caa3 (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 8,691 eligible personal loans denominated in
Argentine pesos, with a fixed interest rate, originated by Banco
Supervielle, in an aggregate amount of ARS 81,908,295,83.
Overall credit enhancement is comprised of subordination: 63% for
the Class A Floating Rate Debt Securities and 20% for the Floating
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
lognormal distribution for defaults on the main pool with a mean
of 14% and a coefficient of variation of 50%.  Also, Moody's
assumed a lognormal distribution for prepayments with a mean of
15% and a coefficient of variation of 70%.  These assumptions are
derived from the historical performance to date of the Supervielle
pools.

The model results showed 0.14% expected loss for Class A Floating
Rate Debt Securities,1.59% for Class B Floating Rate Debt
Securities and 33.94% expected loss 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., 20% of mean), the
ratings of the Classes A, Class B and CP would be downgraded to
B1, B2 and Ca respectively.

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

The main source of uncertainty for this transaction would be an
increase in the level of delinquency of the loans assigned to the
trust over the historic performance.


===============
B A R B A D O S
===============


FOUR SEASONS: NIS to Invest in Resort, Minister Confirms
--------------------------------------------------------
Caribbean360.com reports that Barbados Minister of Finance and
Economic Affairs Christopher Sinckler has confirmed that the
Barbados National Insurance Scheme (NIS) will invest in the
beleaguered Four Seasons resort project.

Paradise Beach Limited, the company seeking to restart Four
Seasons, had sought last year a BDS$60 million investment from the
NIS, and Minister Sinckler confirmed that the entity would join
the national insurance schemes of Dominica and St Vincent and the
Grenadines as minority investors in the Barbados-based tourism
project, according to Caribbean360.com.

The report notes that Mr. Sinckler said that while the project had
become an international failure following the inability of the
original developers to complete the project on time and within
budget; by the failure occurring on Barbadian soil, the island
became negatively associated.

Mr. Sinckler added that the controversial hotel and residencies
that had attracted some of the world's wealthiest but this had
also led to "a certain circus" in the international media because
these powerful people had invested a considerable amount of money
in that project and have nothing to show for it, Caribbean360.com
relays.

The report discloses that following the settlements of outstanding
debts of US$60 million to suppliers in November 2010, there was an
air of optimism that work would have commenced in full.  However,
this was not to be, the report notes

Nonetheless, it is expected that with the injection of funds from
the Inter-American Development Bank (IDB), Four Seasons should be
on its way in 2012, Caribbean360.com says.

"We are in the process to move ahead.  The IDB, ANSA Merchant Bank
and Four Seasons Company have agreed to put US$180 million into
the project to get it going again," the report quoted Mr. Sinckler
as saying.

As reported in the Troubled Company Reporter-Latin America on
Oct. 6, 2011, NationNews.com said that unnamed sources said the
stalled Four Seasons hotel project in Barbados seems set to get a
new financial lease on life as Inter-American Development Bank in
Washington reached an agreement with the country for a
US$65 million loan to investors in the project.  Jamaica Observer
said that a Four Seasons Hotel project in Barbados has run into
problems after the US$20 million government guarantee that has
kick-started the stalled project is said to be not enough to
complete the planned luxury facility.

                        About Four Seasons

Four Seasons Hotels -- http://www.fourseasons.com/-- manages
some 75 luxury hotels and resorts in more than 30 countries.
Most properties are operated under the Four Seasons name, but
some are Regent hotels.  It has ownership interests in only about
half of its properties, having shifted from a hotel owner to a
hotel operator in the 1990s.  In 2007, Four Seasons Hotels board
members took the company private.


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


COMPANHIA DE SANEAMENTO: Moody's Gives 'Ba1' Global Scale Rating
----------------------------------------------------------------
Moody's assigned the Ba1 rating on the global scale, and the
Aa2.br Brazilian National Scale Rating  to Companhia de Saneamento
de Minas Gerais S.A.'s BRL400 million 5 and 7 year senior
unsecured debentures.  The outlook is stable for both ratings.  In
December 2011, COPASA was assigned a Corporate Family Rating of
Ba1 and Aa2.br on the global and NSR, respectively.  This is the
first time that Moody's has assigned ratings to COPASA's
securities.

The proceeds of the issuance will be used by COPASA to carry out
its CAPEX program as well as refinance short-term maturing
financial debt.  The securities may be issued in two tranches,
depending on market conditions.  The first tranche will mature in
February 2017, and the second in February 2019.

Ratings Rationale

The Ba1 and Aa2.br ratings reflect COPASA's credit metrics for the
rating category along with its stable cash flow derived from long-
term concession contracts executed with 72% of the municipalities
of the State of Minas Gerais, high operating efficiency, low
delinquency rates, secure access to water supply, diversified
customer base, and strong support from the MG's State Government,
given COPASA's role as provider of essential services in MG.

The stable outlook reflects Moody's assessment that COPASA will
continue to grow its portfolio of water and sewage customers, and
will continue to meet their expectations in terms of quality of
services delivered while maintaining high operating performance.

The ratings are constrained by: (i) the relatively young and
untested sector regulatory framework in MG; (ii) the lack of
definition concerning the implementation of the methodology for
tariff revisions and the productivity factor affecting tariff
adjustments, which still need to be defined by MG's regulatory
agency (ARSAE-MG); (iii) COPASA's ability to fund its investment
requirements (new and maintenance CAPEX); and (iv) the potential
political interference given the importance of the services
provided to 69% of MG's population.

The recent track record of tariff adjustments shows that, at least
since 2005, MG's State Government has granted adjustments indexed
to domestic inflation (as measured by the IGPM rate). In 2009, the
adjustment was suspended by MG's courts until MG's State
regulatory agency was created (August 2009).  In 2010, the tariff
adjustment defined by ARSAE-MG for COPASA was 3.96%.  In February
2011, ARSAE-MG published the Normative Resolution 03/2011 and the
Technical Note 03/2011, which defined the parametric formula for
tariff adjustments but not the formula for tariff revisions.  In
March 2011, the tariff adjustment was 7.02%, following the
aforementioned Resolution and Note.

The tariff adjustment formula also includes the productivity
factor; however, this factor still needs to be defined.
Consequently, the regulatory agency temporarily set the value of
the productivity factor for the tariff adjustments to zero, until
the first tariff revision takes place.  Therefore, Moody's has
confirmed that the final tariff adjustment formula and the formula
for tariff revisions still need to be defined.

The CAPEX program is another factor that constrains the rating,
given that historically COPASA has made large investments (around
BRL800 million per year).  Given that the water and sewage sectors
in Brazil require significant investments, which typically carry
low margins, there is a clear need for low cost, long tenor
financing.

The debentures have financial covenants such as minimum EBITDA /
Debt Service ratio of 1.5x, and maximum EBITDA / Net Debt of 3.0x.
These covenants are expected to limit the Company's indebtedness,
and also restrict dividend payments so that the covenants can be
met.

A rating upgrade would require that ARSAE-MG define the market-
based tariff revision methodology and the productivity factor in
the tariff adjustment methodology in the short term, coupled with
ARSAE-MG's positive track record of administering the water and
sewage regulatory framework in MG, along with improved metrics as
a result of, for example, stronger cash flow generation and lower
leverage resulting in Funds from Operations ("FFO") / Net Debt
above 25%, and FFO Interest Coverage above 4.5x.

Conversely, downward rating pressure could result from: (i) tariff
revisions that do not remunerate current and/or future investments
in a fair manner; (ii) political interference that could affect
COPASA's operating and financial performance; and (iii)
deteriorating metrics as a result of, for example, increased
leverage to finance CAPEX or high dividend payout, and/or lower
cash generation resulting in FFO/Net Debt below 15%, and FFO
Interest Coverage below 2.5x.

Companhia de Saneamento de Minas Gerais S.A. -- COPASA was founded
in 1963.  COPASA serves 13.5 million people, which corresponds to
69% of the total population of MG, through its 43,538 km water
distribution and 16,850 km sewerage collection networks.  COPASA
is controlled by the Government of MG, which owns 53% of COPASA's
shares; the remaining shares are listed on BM&FBOVESPA's stock
exchange (Symbol: CSMG3); 92% of the floated shares are held by
foreign investors. In the LTM period ended in September 2011,
COPASA reported net sales related to water and sewerage services
of BRL2.5 billion (US$1.5 billion), EBITDA of BRL1.1billion
(US$682million) and net income of BRL683million (US$414 million).


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


AGRIFIRMA HOLDINGS: Commences Liquidation Proceedings
-----------------------------------------------------
On Nov. 30, 2011, the sole shareholder of Agrifirma Holdings
Limited resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Peter Anderson
         c/o Omar Grant
         Telephone: (345) 949 7576
         Facsimile:  (345) 949 8295
         P.O. Box 897 Windward 1, Regatta Office Park
         Grand Cayman KY1-1103
         Cayman Islands


BEIJING JASMINE: Commences Liquidation Proceedings
--------------------------------------------------
At an extraordinary general meeting held on Nov. 28, 2011, the
members of Beijing Jasmine 1 Ltd resolved to voluntarily liquidate
the company's business.

The company's liquidators are:

         Kenneth Krys
         Timothy Le Cornu
         KRyS Global, Governors Square
         Building 6, 2nd Floor
         23 Lime Tree Bay Avenue
         PO Box 31237, Grand Cayman
         Cayman Islands
         Telephone: +1 345 815 8419
         Facsimile: +1 345 946 6728
         e-mail: andrea.kellow@KRyS-Global.com


BKX INTERNATIONAL: Commences Liquidation Proceedings
----------------------------------------------------
On Nov. 30, 2011, the sole shareholder of BKX International
Holdings Inc. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

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


CHEYNE GENERAL: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 18, 2011, the sole shareholder of Cheyne General Partner
II Inc. resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

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


COMMERCIAL LIMITED: Commences Liquidation Proceedings
-----------------------------------------------------
On Nov. 24, 2011, the sole shareholder of Commercial Limited Co.
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


EXTENDED HOTEL: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 24, 2011, the sole shareholder of Extended Hotel Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


FARALLON FCOI: Commences Liquidation Proceedings
------------------------------------------------
On Nov. 25, 2011, the sole shareholder of Farallon FCOI II, Inc.
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


FLASH ELECTRONICS: Placed Under Voluntary Wind-Up
-------------------------------------------------
On Nov. 30, 2011, the sole member of Flash Electronics
International resolved to voluntarily wind up the company's
operations.

Only creditors who were able to file their proofs of debt by
Jan. 10, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Richard Finlay
         c/o Noel Webb
         Telephone: (345) 814 7394
         Facsimile: (345) 945 3902
         P.O. Box 2681 Grand Cayman KY1-1111
         Cayman Islands


GLENRIDGE INVESTMENTS: Commences Liquidation Proceedings
--------------------------------------------------------
On Nov. 30, 2011, the sole shareholder of Glenridge Investments
Ltd. resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


HEALTHCARE EQUITY: Commences Liquidation Proceedings
----------------------------------------------------
On Nov. 24, 2011, the sole shareholder of Healthcare Enterprises
Equity 3 Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


HEALTHCARE FINANCE: Commences Liquidation Proceedings
-----------------------------------------------------
On Nov. 24, 2011, the sole shareholder of Healthcare Enterprises
Finance 3 Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


KALLISTA MASTER: Commences Liquidation Proceedings
--------------------------------------------------
On Nov. 25, 2011, the members of Kallista Master Fund Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 10, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Hugh Dickson
         c/o James Drury
         10 Market Street #765, Camana Bay
         Grand Cayman
         Cayman Islands KY1 9006
         Telephone: +1 345 769-7219
         Facsimile: +1 345 949-7120
         e-mail: james.drury@uk.gt.com


KD BLUE: Commences Liquidation Proceedings
------------------------------------------
On Nov. 28, 2011, the sole shareholder of KD Blue Sky Technologies
Limited resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


KROS MASTER: Commences Liquidation Proceedings
----------------------------------------------
On Nov. 30, 2011, the sole shareholder of Kros Master Fund Ltd.
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


KROS SPECTRUM: Commences Liquidation Proceedings
------------------------------------------------
On Nov. 30, 2011, the sole shareholder of Kros Spectrum Fund Ltd.
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


LAS BRISAS: Commences Liquidation Proceedings
---------------------------------------------
On Dec. 1, 2011, the sole shareholder of Las Brisas Investment
Company resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 9, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         CDL Company Ltd.
         PO Box 31106 Grand Cayman KY1-1205
         Cayman Islands


LB CAPITAL: Commences Liquidation Proceedings
---------------------------------------------
At an extraordinary general meeting held on Nov. 29, 2011, the
members of LB Capital Corporation III Ltd resolved to voluntarily
liquidate the company's business.

The company's liquidator is:

         Timothy Le Cornu
         KRyS Global
         Governors Square, Building 6, 2nd Floor
         23 Lime Tree Bay Avenue
         PO Box 31237 Grand Cayman KY1-1205
         Cayman Islands
         c/o Andrea Kellow
         Telephone: +1 345 815 8419
         Facsimile: +1 345 946 6728
         e-mail: Andrea.Kellow@KRyS-Global.com


LINDSELL TRAIN: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 25, 2011, the sole shareholder of Lindsell Train (General
Partner) Inc. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


LOOMIS SAYLES: Commences Liquidation Proceedings
------------------------------------------------
On Dec. 1, 2011, the sole shareholder of Loomis Sayles Credit
Asset Fund, Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


MEDICAL EQUITY: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 24, 2011, the sole shareholder of Medical Enterprises
Equity 3 Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


MEDICAL FINANCE: Commences Liquidation Proceedings
--------------------------------------------------
On Nov. 24, 2011, the sole shareholder of Medical Enterprises
Finance 3 Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


MTF SPV V: Commences Liquidation Proceedings
--------------------------------------------
On Nov. 29, 2011, the sole shareholder of MTF SPV V Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


RICHARDSON INVESTMENTS: Commences Liquidation Proceedings
---------------------------------------------------------
On Dec. 1, 2011, the sole shareholder of Richardson Investments
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


SSTI TAIWAN: Commences Liquidation Proceedings
----------------------------------------------
On Nov. 25, 2011, the sole shareholder of SSTI Taiwan Ltd.
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


UBS GLOBAL: Commences Liquidation Proceedings
---------------------------------------------
On Nov. 28, 2011, the sole shareholder of UBS Global Alpha
Strategies (Euro) Limited resolved to voluntarily liquidate the
company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


US DIVERSIFIED: Commences Liquidation Proceedings
-------------------------------------------------
On Nov. 24, 2011, the sole shareholder of U.S. Diversified Real
Estate Fund Ltd. resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

         Shaikh Abdul Rahiman
         Gulf Investment House K.S.C.
         Dar Al-Awadi Towers, 27th to 30th Floors
         Ahmad Al-Jaber Street, Sharq
         PO Box 28808 Safat 13149
         Kuwait
         Telephone: (+965) 2232 2096


YELLOWSTONE NATURAL: Commences Liquidation Proceedings
------------------------------------------------------
On Dec. 2, 2011, the sole shareholder of Yellowstone Natural
Resource Holdings Ltd. resolved to voluntarily liquidate the
company's business.

Only creditors who were able to file their proofs of debt by
Jan. 18, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


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


AVANCE Y FORTALECIMIENTO: Moody's Gives 'Caa1' Issuer Ratings
-------------------------------------------------------------
Moody's Investors Service assigned Avance y Fortalecimiento
Integral, S.A. de C.V. Sociedad Financiera de Objeto Multiple
Entidad No Regulada (Avance) long and short term global local
currency (GLC) issuer ratings of Caa1 and Not Prime. At the same
time, Moody's de Mexico assigned long and short term Mexican
National Scale issuer ratings of Caa1.mx and MX-4 to Avance.  All
assigned ratings have a stable outlook.

Ratings Rationale

Avance's Caa1 issuer ratings are based on an unsupported baseline
credit assessment (BCA) of Caa1, reflecting a simple business
focus on agriculture and microcredit lending, good asset quality,
proven commitment from its stakeholders, and the company's close
links to Mexican government development entities on which it
depends for funding and capital resources.  Financiera Rural and
Fideicomiso del Programa Nacional de Financiamiento al
Microempresario (FINAFIM) are the sole funding providers to
Avance. Financiera Rural also sponsors trusts to finance Avance's
loan generation.

Avance's ratings are constrained by the company's absolute small
size and limited market presence.  Furthermore, Avance is not
regulated by Mexico's bank regulators, the Comision Nacional
Bancaria y de Valores (CNBV), a factor that Moody's views as
potentially limiting the current good transparency and quality of
financial information relative to other financial institutions.
Avance's short track record as a finance company also means that
its emerging corporate governance structure, risk management
policies and procedures, and control systems are still untested.

The company's very short track record of operations since 2007
translates into still low levels of recurring earnings generation
and low operating efficiency, which reflects its small scale and
highly granular loan portfolio.  Also, Avance's very high loan
growth (41% average since inception) may result in future asset
quality deterioration, particularly in light of both strong
competition from much larger entities that are active in all of
its business segments and its geographic concentration in the
state of Chihuahua.

The assigned Caa1 local currency issuer rating is directly mapped
from the company's Caa1 stand-alone baseline credit assessment,
and as such, it does not incorporate Moody's assessment of the
probability of external support either from shareholders or from
the Mexican authorities.

Avance is headquartered in Chihuahua, Chihuahua, Mexico. As of
September 30, 2011, Avance reported total assets of
Mx$42.7 million and an annual accumulated income of Mx$480,354.
These ratings were assigned to Avance:

  Long term global local currency issuer rating of Caa1

  Short term global local currency issuer rating of Not Prime

  Long term Mexican National Scale issuer rating of Caa1.mx

Short term Mexican National Scale issuer rating of MX-4


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


COOPERATIVA DE SEGUROS: A.M. Best Affirms FSR at 'B-'
-----------------------------------------------------
A.M. Best Co. has revised the outlook to stable from positive and
affirmed the financial strength rating of B- (Fair) and issuer
credit rating of "bb-" of Cooperativa de Seguros de Vida de Puerto
Rico (COSVI) (San Juan, PR).  COSVI is a cooperative life
insurance company owned by cooperative organizations in Puerto
Rico.

The revised outlook reflects COSVI's negative statutory operating
results in 2011, lower than expected risk-adjusted capitalization
as measured by Best's Capital Adequacy Ratio and high, albeit
decreasing, exposure to common stocks, real-estate and mortgages
relative to capital.  A.M. Best believes there is uncertainty
surrounding COSVI's ability to generate consistent and sustainable
positive earnings from its core lines of business.  However, a
number of initiatives geared toward administrative efficiencies
are expected to stabilize operating results in the medium term.
While improved, the balance sheet strength remains a challenge for
COSVI due to leverage represented by borrowed money and a capital
structure, which despite restructuring, retains a small amount of
surplus notes.

Partially offsetting these negative rating factors are COSVI's
improved quality of capital, mostly due to a program that converts
the high level of surplus notes to common equity, a decrease in
investment risk due to changes in the company's investment
strategy and a well-established presence in the cooperative and
life insurance marketplace in Puerto Rico, where it offers a
diversified product portfolio.  During 2011, COSVI was able to
convert almost 70% of its interest bearing surplus notes to common
stock capital.  A.M. Best expects the remaining scheduled
conversion to be completed in the near future. In addition, COSVI
has the commitment of its members to support the entity's
financial flexibility.

Key rating factors that could result in a positive rating action
include a measurable track record of sustained profitability,
growth in risk-adjusted and absolute capital, reduced volatility
in operating results and continued reduction in COSVI's investment
margin balances.  Key rating factors that could result in a
negative rating action include further deterioration of COSVI's
operating results, erosion in capital or changes to investment
strategy that result in increases in margin investing or
additional investment losses.


EUROCLASS MOTORS: Plan Filing Period Extended Until Jan. 30
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico has
granted Euroclass Motors, Inc.'s third motion for the extension of
its exclusive periods to file and solicit acceptances of a filed
plan through and including Jan. 30, 2012, and May 3, 2012,
respectively.  The extension will be the final extension of the
Debtor's exclusive periods per order of the Bankruptcy Court.

The Debtor will use the extension to reconcile claims filed in its
Chapter 11 case and for the preparation of its audited financial
statements.

                     About Euroclass Motors

San Juan, Puerto Rico-based Euroclass Motors, Inc. filed for
Chapter 11 protection (Bankr. D. P.R. Case No. 11-05772) on
July 6, 2011.  Ramon Vega Diaz, president of the Debtor, filed the
petition.  The Chapter 11 case of Euroclass Motors, Inc., has been
reassigned to the Hon. Mildred Caban Flores.

The Debtor estimated assets between US$1 million and US$10 million
and estimated debts between US$10 million and US$50 million.

Charles Alfred Cuprill, at Charles A Cuprill, PSC Law Office, in
San Juan, Puerto Rico, represents the Debtor in this case.

Affiliate Autos Vega, Inc., is a car dealership engaged in the
sales of new and used cars and trucks car parts, accessories and
providing vehicle repair and maintenance, based in San Juan,
Puerto Rico.  The Company filed for Chapter 11 bankruptcy
protection (Bankr. D. P.R. Case No. 11-05773) on July 6, 2011.
The Debtor disclosed US$22,959,296 in assets and US$34,224,323 in
liabilities.


==========================
V I R G I N  I S L A N D S
==========================


GREENWICH SENTRY: U.S. Court Confirms Repayment Plans
-----------------------------------------------------
On Dec. 22, 2010, the Bankruptcy Court for the Southern District
of New York confirmed the First Amended Chapter 11 Plan of
Reorganization for Greenwich Sentry, L.P., and the First Amended
Chapter 11 Plan for Greenwich Sentry Partners, L.P.

Holders of BLMIS trustee claims (Class 3), limited partnership
interests (Class 5) of both GS and GSP voted to accept the Plans
in accordance with Section 1126(c) and (d) of the Bankruptcy Code.

All objections received, if any, have been overruled in their
entirety or withdrawn.

A copy of the Order confirming the Plans is available for free at:

       http://bankrupt.com/misc/greenwichsentry.doc306.pdf

As reported in the Troubled Company Reporter on Oct. 18, 2011, the
central feature of the Greenwich Sentry Partners Plan is the BLMIS
trustee settlement, wherein the Debtor believing, pursuant to its
good faith business judgment, that avoidance action claims of the
BLMIS trustee would be difficult to defend, has agreed, in sum, to
allow the BLMIS trustee a claim and judgment in the amount of
US$5,985,000 and the BLMIS trustee has agreed to seek recovery of
his claim only from certain specified assets of the Debtor, to
allow the Debtor's customer claim against BLMIS in the amount of
US$2,011,304, to share recovery on certain litigation claims with
the Debtor, and to provide for the distribution of the retained
assets to creditors and limited partners free and clear of the
BLMIS trustee claims.

The BLMIS trustee agreed to support the Plans and Disclosure
Statement and to vote his claim in favor of the Plans pursuant to
the settlement agreements.  BLMIS is a broker-dealer registered
with the Securities and Exchange Commission, though customer
accounts maintained by the Debtors at BLMIS.  The Debtors have
been informed that holder of not less than US$60 million in
limited partner interests in GS also favor the Court's approval of
the Disclosure Statements and confirmation of the Plans.

The Plans provide the Debtors' creditors with substantial
recoveries and allows for recovery of equity.

Full-text copies of the Disclosure Statements are available for
free at http://ResearchArchives.com/t/s?7730

                      About Greenwich Sentry

Liquidators of Fairfield Sentry Limited, filed a Chapter 15
petition for Fairfield in June 2010 (Bankr. S.D.N.Y. Case No.
10-13164).  In July 2010, Kenneth Krys and Christopher Stride of
Krys & Associates (BVI) Limited, the liquidators of Fairfield
Sentry Limited, Fairfield Sigma Limited and Fairfield Lambda
Limited obtained cross-border recognition as foreign main
proceedings by the U.S. Bankruptcy Court of the funds' insolvency
proceedings, pending in the British Virgin Islands.  The
liquidators are represented in the U.S. by Brown Rudnick LLP.

Fairfield Sentry Limited was the largest "feeder fund" to Bernard
L. Madoff Investment Securities LLC, and invested approximately
95% of its assets with BLMIS.  BLMIS was placed into liquidation
proceedings in the United States in December 2008, after it was
revealed that Bernard Madoff operated BLMIS as a Ponzi scheme for
many years.  Fairfield Sigma Limited and Fairfield Lambda Limited
were both feeder funds of Fairfield Sentry Limited, and invested
all of their assets with Fairfield Sentry Limited.

Greenwich Sentry, L.P., and an affiliate filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 10-16229) on Nov. 19, 2010,
hoping to settle lawsuits filed against it in connection with its
investments with Bernard L. Madoff.  Paul R. DeFilippo, Esq., at
Wollmuth Maher & Deutsch LLP, in New York, represents the Debtors
in the Chapter 11 cases.

Bernard L. Madoff was charged by the Securities and Exchange
Commission in December 2008 of orchestrating the largest Ponzi
scheme in history, with losses topping US$50 billion. In March
2009, Mr. Madoff pleaded guilty to 11 federal crimes and admitted
to turning his wealth management business into a Ponzi scheme.  A
trustee was appointed to liquidate and has been filing clawback
suits against investors who withdrew phony profits from Mr.
Madoff.

On May 18, 2009, Irving H. Picard, the trustee liquidating the
estate of Mr. Madoff and his firm, Bernard L. Madoff Investment
Securities, LLC, filed a lawsuit against Fairfield Sentry and
Greenwich, seeking the return of US$3.55 billion that Fairfield
withdrew from Madoff during the period from 2002 to Madoff's
arrest in December 2008.  Since 1995, the Fairfield funds invested
about US$4.5 billion with BLMIS.

Mr. Picard claims that Fairfield knew or should have known about
the fraud give that it received from BLMIS unrealistically high
and consistent annual returns of between 10% and 21% in contrast
to the vastly larger fluctuations in the S&P 100 Index.

In schedules filed with the Court, Greenwich Sentry disclosed
US$317,073,770 in total assets and US$206,337,244 in total
liabilities.


HOVENSA REFINERY: To Close Down Operations on Reduce Demands
------------------------------------------------------------
Caribbean News Now reports that Hovensa refinery will close down
its operation by mid-February because of reduced fuel demand and
increased international competition.

The Hovensa refinery is a joint venture between the Hess
Corporation and Petroleos de Venezuela SA, according to Caribbean
News Now.  Losses at the 350,000 barrel-a-day facility have
totaled US$1.3 billion in the past three years, the company said
in a statement obtained by the news agency.

Caribbean News Now notes that Brian Lever, president and chief
operating officer of Hovensa LLC, said the refinery will be
converted to an oil storage terminal.

"We deeply regret the closure of the Hovensa refinery and the
impact on our dedicated people. . . .  We explored all available
options to avoid this outcome, but severe financial losses left us
with no other choice," the report quoted Mr. Lever as saying.

The report notes that Alex Moorhead, a Hovensa spokesman, said
that Hovensa refinery employs 1,200 workers with another 950
contract employees at the site but only 100 people will be
retained to operate the terminal.

Hovensa refinery is Caribbean's largest oil refinery in St Croix,
U.S. Virgin Islands.


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


* LATAM: IDB Approves US$30 Million Investment in Green Fund
------------------------------------------------------------
The Inter-American Development Bank has approved a US$30 million
loan for the Emerging Energy Latin America Fund II, designed to
boost the private sector as a driving force in clean technologies
and renewable energy in the region.

"This financing is part of the IDB's commitment to develop
mechanisms to support long-term funding of renewable energy and
clean technology projects in the region, which stimulates
innovation, job creation and green economic growth," said Daniela
Carrera-Marquis, head of the Financial Markets Division at the
IDB's Structured and Corporate Finance Department (SCF).

Latin America and the Caribbean are expected to see their energy
demand increase by 75% by 2030, and renewable energy could account
for half of that total demand, according to Andres Ackermann, the
IDB project team leader.

The new fund will invest in renewable energy projects including
wind, solar, small hydropower and geothermal, and in energy
services companies using clean technologies, including waste-
management, biomass, energy efficiency and smart-grid projects.
The IDB's support of the fund fits in with the Bank's commitment
to help mitigate the impact of climate change.

The fund will be managed by Stamford, Connecticut-based Emerging
Energy and Environment, LLC (EEE), which specializes in clean and
renewable energy, clean technologies, climate change and
environment and low-carbon infrastructure investments and advisory
services.

The IDB loan is expected to be supplemented by contributions from
equity investors to include International Finance Institutions and
other local and international capital sources.

The eventual size of the Emerging Energy Latin America Fund II is
targeted at approximately US$150 million.  The Emerging Energy
Latin America Fund II is the successor to a previous CleanTech
Fund, an earlier stage US$25.2 million fund that had a similar
focus on renewable energy and clean technology and was supported
by the IDB's Multilateral Investment Fund.

"We are pleased to partner once again with the IDB Group and work
together to provide important resources to reach a common
objective of promoting green investments, supporting a more
sustainable region," said John Paul Moscarella, Founder and Senior
Managing Director of Emerging Energy Latin America Fund II.

                            About SCF

The IDB's Structured and Corporate Finance Department (SCF)
manages all IDB non-sovereign loan guarantee loan operations for
large-scale projects, companies, and financial institutions in
Latin America and the Caribbean.  Through its syndicated loan
program, SCF plays a catalytic role in helping to mobilize third
party resources through partnerships with commercial banks,
institutional investors, co-guarantors and other co-lenders for
projects with high developmental impact.


                            ***********


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, Ivy B. Magdadaro, Frauline S.
Abangan, and Peter A. Chapman, Editors.

Copyright 2012.  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 Peter Chapman at 240/629-3300.


                   * * * End of Transmission * * *