TCRLA_Public/150429.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

            Wednesday, April 29, 2015, Vol. 16, No. 083


                            Headlines



A R G E N T I N A

ARGENTINA: Agrees on Framework Energy Deals With Russia
PSA FINANCE: Moody's Assigns B2 Global Local Currency Debt Rating


B R A Z I L

BANESTES SA: Fitch Affirms 'BB' LT Currency Issuer Default Ratings
HYPERMARCAS SA: Sees More Consumer Price Hikes in July


C A Y M A N  I S L A N D S

AGRICOLA AA INVESTMENT: Creditors' Proofs of Debt Due May 18
LONG POINT: Fitch Expects to Rate Class A Notes 'BB- sf'
LSP CAL EB I: Creditors' Proofs of Debt Due May 19
MILLENNIUM GLOBAL GP: Creditors' Proofs of Debt Due May 27
MILLENNIUM GLOBAL HOLDCO: Creditors' Proofs of Debt Due May 27

MILLENNIUM GLOBAL HOLDING: Creditors' Proofs of Debt Due May 27
MILLENNIUM MIDDLE EAST: Creditors' Proofs of Debt Due May 27
MILLENNIUM TMT: Creditors' Proofs of Debt Due May 27
MOUNTAIN RIDGE: Creditors' Proofs of Debt Due May 18
NOBLE CAPITAL: Creditors' Proofs of Debt Due May 18

VSJ01 HOLDING: Creditors' Proofs of Debt Due May 28
WHITETIP GLOBAL: Placed Under Voluntary Wind-Up
WOODVILLE INVESTMENTS: Creditors' Proofs of Debt Due May 26


J A M A I C A

JAMAICA: Faces Oppositions on Plans to Impose Cess on Sugar
JAMAICA: Business Confidence at Eight-Year High, Survey Says


M E X I C O

MEXICO: Oil Exports Drop at 46.2% Annualized Rate in 1st Qtr.


P U E R T O    R I C O

PUERTO RICO AQUEDUCT: S&P Lowers Rating to 'CCC+'


S U R I N A M E

SURINAME: Fitch Affirms 'BB-' IDR; Outlook Stable


T R I N I D A D  &  T O B A G O

TRINIDAD CEMENT: Posts TT$515 Million Revenue for First Qtr 2015


                            - - - - -



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


ARGENTINA: Agrees on Framework Energy Deals With Russia
-------------------------------------------------------
BBC News reports that Russia and Argentina have signed a series of
framework agreements on economic and energy co-operation following
talks in Moscow.

Argentine President Cristina Fernandez de Kirchner and Russian
leader Vladimir Putin hailed their co-operation as a
"comprehensive strategic partnership," according to BBC News.

The report notes that the agreements include Russian investment in
a hydroelectric plant and a nuclear power plant in Argentina.
There was also a memorandum of co-operation on defense.

Correspondents said the Kremlin is keen to boost trade relations
with Latin America to offset the effects of sanctions imposed by
Europe and the US over the Ukrainian crisis, the report relates.

The report discloses that Argentina is looking for foreign
investment as its battles US hedge funds thwarting its effort to
restructure defaulted debt.

Among the framework agreements was a Russian pledge to finance a
hydroelectric power plant on Argentina's Neuquen River, the report
notes.

Russia's Rosatom nuclear corporation also agreed to build a new
reactor at Argentina's Atucha 3 nuclear power plant, the report
says.

The report notes that Rosatom Chief Sergei Kiriyenko said he hoped
the final deal would be signed by the end of the year.

The report discloses that Mr. Putin said the project would bring
"the latest Russian technology" to Argentina.

Mr. Putin also said the two countries had agreed to expand co-
operation between their defense agencies, the report relays.

Mr. Putin added that Russia "supports Argentina" in its attempts
to have direct talks with the UK over the disputed Falkland
Islands, known in Argentina as the Malvinas, the report adds.

                           *     *     *

The Troubled Company Reporter-Latin America, on Aug. 1, 2014,
reported that Argentina defaulted on some of its debt late July 30
after expiration of a 30-day grace period on a US$539 million
interest payment.  Earlier that day, talks with a court- appointed
mediator ended without resolving a standoff between the country
and a group of hedge funds seeking full payment on bonds that the
country had defaulted on in 2001.  A U.S. judge had ruled that the
interest payment couldn't be made unless the hedge funds led by
Elliott Management Corp., got the US$1.5 billion they claimed.
The country hasn't been able to access international credit
markets since its US$95 billion default 13 years ago.

As a result, reported the TCR-LA on Aug. 1, Standard & Poor's
Ratings Services lowered its unsolicited long-and short-term
foreign currency sovereign credit ratings on the Republic of
Argentina to selective default ('SD') from 'CCC-/C'.

The TCR-LA, on Aug. 4, 2014, also reported that Fitch Ratings
downgraded Argentina's Foreign Currency Issuer Default Rating
(IDR) to 'RD' from 'CC', and its Short-Term Foreign Currency
Issuer Default Rating to 'RD' from 'C'.

Meanwhile, Moody's Investors Service affirmed Argentina's Caa1
issuer rating, which also applies to domestic law bonds, confirmed
the (P)Caa2 rating for its foreign law bonds, and affirmed the Ca
rating on the original defaulted bonds. The long-term issuer
rating was placed on negative outlook, reported the TCR-LA on Aug.
5, 2014.

On Aug. 8, 2014, the TCR-LA reported that Moody's Latin America
Agente de Calificacion de Riesgo affirmed the deposit, debt,
issuer and corporate family ratings on Argentina's banks and
financial institutions, both on the global and national scales.
The outlook on these ratings has been changed to negative from
stable. At the same time, the rating agency has affirmed the
banks' Caa2 foreign-currency deposit ratings and Not-
Prime short-term ratings. The banks' standalone E financial
strength ratings corresponding to caa1 baseline credit assessments
(BCA) have also been affirmed.

The TCR-LA, On Aug. 6, 2014, also reported that DBRS Inc. has
downgraded Argentina's long-term foreign currency issuer rating
from CC to Selective Default (SD).  The short-term foreign
currency rating has been downgraded to Default (D), from R-5.  The
long-term and short-term local currency issuer ratings have been
confirmed at B (low) and R-5, respectively.  The trend on the
long-term local currency rating is Negative, and the trend on the
short-term local currency rating is Stable.

On Nov. 3, 2014, the TCR-LA reported that Fitch Ratings downgraded
Argentina's rating on Par Bonds issued under Foreign Law to 'D'
from 'C' as Argentina has not been able to cure the missed coupon
payments on its par bonds issued under foreign law after the
expiration of the 30-day grace period on Oct. 30.  According to
Fitch's criteria, this constitutes an event of default and Fitch
has downgraded the affected securities to 'D'.  In addition, Fitch
has affirmed:

   -- Foreign Currency Issuer Default Rating (IDR) at 'RD';
   -- Local Currency IDR at 'CCC';
   -- Short-term Foreign Currency IDR at 'RD';
   -- Country Ceiling at 'CCC'.
   -- Performing Foreign Law Exchanged Securities (Global 17) at
      'C';
   -- Local Currency exchanged bonds under Argentine Law at 'CCC';
   -- Foreign and Local Currency non-exchanged securities under
      Argentine Law at 'CCC';
   -- Discount Bonds issued under Foreign Law at 'D'.

On April 22, 2015, Moody's Investors Service expanded the portion
of Argentina's debt that is rated (P)Caa2. The (P)Caa2 rating
reflects the higher risk of default for both Argentina's
restructured foreign legislation debt (as before) and,
additionally now, its restructured local legislation foreign
currency obligations, as compared with the risk of default on
other debt instruments issued by Argentina.  Argentina's local
currency debt and its non-restructured foreign currency debt are
rated Caa1. The debt that remains in default since Argentina's
2001 default is rated Ca.


PSA FINANCE: Moody's Assigns B2 Global Local Currency Debt Rating
-----------------------------------------------------------------
Moody's Latin America Agente de Calificacion de Riesgo S.A.
assigned a B2 global local currency senior debt rating and an
Aa2.ar local currency national scale debt rating, to PSA Finance
Argentina Compania Financiera's nineteenth expected bond issuance
for an amount up to AR$100 million, which will be due in 12
months.

The outlook on all ratings is negative.

The following ratings were assigned to PSA Finance Argentina
Compania Financiera S.A.:

  -- AR$100 million senior unsecured debt issuance:

  -- B2 Global Local Currency Debt Rating

  -- Aa2.ar Argentina National Scale Local Currency Debt Rating

Moody's explained that the local currency senior unsecured debt
rating derives from PSA Finance's B2 global local currency deposit
rating. Moody's also noted that seniority was taken into
consideration in the assignment of the debt ratings.

PSA Finance Argentina has a Baseline Credit Assessment (BCA) of
caa1 wich incorporates its key role as the financial agent for
Peugeot Citro‰n Argentina S.A., as well as its solid risk
management policies and good asset quality and capitalization
metrics. However, the rating also captures the tight competition
within the car-financing industry, its monoline business
orientation and funding structure, largely wholesale. The entity
is owned 50%-50% by France's Banque PSA Finance (BPF), which is
rated Baa3 under review for possible upgrade, and Argentina's BBVA
Banco Frances (unrated). Moody's assumes a moderate level of
support from BPF to its subsidiary in Argentina in situations of
stress, lifting the BCA by two notches to a global long term local
currency deposit rating of B2.

PSA Finance Argentina Compania Financiera S.A. is headquartered in
Buenos Aires, Argentina, with assets of Ar$2,304 million and
equity of Ar$542 million as of 2014.


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


BANESTES SA: Fitch Affirms 'BB' LT Currency Issuer Default Ratings
------------------------------------------------------------------
Fitch Ratings has affirmed Banestes S.A. - Banco do Estado do
Espirito Santo's and Banco de Brasilia S.A.'s (BRB) Long-term
Foreign and Local Currency Issuer Default Ratings (IDRs), as well
as their Long-term National Ratings. The Rating Outlook for the
IDRs was revised to Negative from Stable.

Key Rating Drivers - IDRs, National Ratings and Support Rating
The rating actions reflect Fitch's expectation of the weaker
financial strength of Banestes and BRB's controlling states -
Espirito Santo (EES) and the Government of the Federal District
(GDF) - over the next 12-24month period. This expectation follows
the recent rating Outlook revision to the Federal Republic of
Brazil.

In Fitch's opinion, the probability of such controlling
shareholders providing support to these banks, if necessary, is
moderate, which results in a Support Rating of '3'. The Viability
Ratings of these banks are not affected by this rating action.

Banestes and BRB's IDRs and National Ratings reflect the support
from their controlling shareholders. In Fitch's opinion, Banestes
and BRB are strategically important for EES and GDF. Both are tax-
collecting agents for their States, carry out transfers to
municipalities, and are responsible for the cash management of the
state. In addition, they have strong operations in state public
entities to which they provide services and grant credit to
suppliers and public servants, via special payroll deductible
loans.

EES controls 92% of Banestes' capital. The bank's activities are
concentrated in EES, where it holds around 30% of the deposits and
17% of loan operations, with a network of 133 agencies, in all 78
municipalities.

GDF holds 96.8% of BRB's voting shares. The bank's
representativeness in the Government of the Federal District (GDF)
has been gradually increasing. BRB acts as a retail commercial
bank. Its activities are concentrated in the Federal District
(DF), and it operates with a network of 122 agencies, which cover
all DF administrative regions.

Rating Sensitivities - IDRs, National Ratings and Support Rating
Fitch carries out internal analysis on the State of Espirito Santo
and the FD, and the ratings on Banestes and BRB, respectively, are
strongly influenced by this analysis. Therefore, its ratings would
be impacted by any change in these states' financial strength
and/or in its willingness to provide support to these
subsidiaries.

The rating actions were the following:

Banestes

   -- Long-Term Local and Foreign Currency IDRs affirmed at 'BB';
      Outlook revised to Negative from Stable;
   -- Short-Term Foreign and Local Currency IDRs affirmed at 'B';
   -- Long-Term National Rating affirmed at 'A+(bra)', Outlook
      Stable;
   -- Short-Term National Rating affirmed at 'F1(bra)';
   -- Support Rating affirmed at '3';
   -- Viability Rating unaffected at 'bb-'.

BRB
   -- Long-Term Local and Foreign Currency IDRs affirmed at
      'BB+(bra)'; Outlook Revised to Negative from Stable;
   -- Short-Term Foreign and Local Currency IDRs affirmed at 'B'
   -- Long-Term National Rating affirmed at 'AA-(bra)', Outlook
Stable;
   -- Short-Term National Rating affirmed at 'F1+(bra)';
   -- Support Rating affirmed at '3';
   -- Viability Rating unaffected at 'bb-'.


HYPERMARCAS SA: Sees More Consumer Price Hikes in July
------------------------------------------------------
Reuters reports that Brazil's Hypermarcas SA plans to raise prices
in July on its consumer goods lineup for the second time this
year, after gauging the impact of a stronger dollar on its costs,
Chief Executive Claudio Bergamo said.

Higher prices will keep pressure on consumer inflation, which rose
over 8 percent in the 12 months through March to its highest in
over 11 years, and test the ability of Hypermarcas SA to keep
gaining market share amid slumping household demand, according to
Reuters.

The report notes that Brazil's biggest generic drugmaker already
raised prices for its hygiene and beauty care portfolio by an
average of 8 percent this month, but Mr. Bergamo told analysts on
a call that the price hike had not factored in the current
exchange rate.

The Brazilian currency tumbled around 17 percent against the U.S.
dollar in the first quarter to a nearly 12-year low, but has
rebounded almost 10 percent this month, the report relates.

"We need to see where the exchange rate stabilizes," Mr. Bergamo
said on the conference call to discuss first-quarter earnings,
notes Reuters.  "We need to wait a bit, but over the course of the
second quarter we'll have better visibility.  Then we'll decide on
the next price increase starting in July."

Mr. Bergamo also reaffirmed that Hypermarcas SA would pass along
to consumers a higher industrial tax rate, known as IPI, on some
cosmetics, which the government announced earlier this year in an
attempt to close a federal budget gap, the report notes.

"The whole (cosmetics) industry will entirely pass on the IPI
increase to the price of products," Mr. Bergamo said, adding that
its market-leading lineup of nail polishes could actually win
market share compared to more expensive rivals, the report
discloses.

Hypermarcas SA reported that first-quarter profit was little
changed from a year earlier, as higher sales from more aggressive
pricing were offset by higher costs, the report adds.

Hypermarcas SA is a maker of consumer products from diapers to
generic drugs.

                      *     *     *

As reported in the Troubled Company Reporter-Latin America on
Sept. 23, 2014, Fitch Ratings affirmed these ratings of
Hypermarcas S.A.'s:

   -- Long-term foreign currency Issuer Default Rating (IDR) at
      'BB+';
   -- Long-term local currency IDR at 'BB+';
   -- Senior unsecured notes due in 2021 at 'BB+';


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


AGRICOLA AA INVESTMENT: Creditors' Proofs of Debt Due May 18
------------------------------------------------------------
The creditors of Agricola AA Investment Company are required to
file their proofs of debt by May 18, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 7, 2015.

The company's liquidators are:

          Susan Craig
          Jo-Anne Stephens
          CDL Company Ltd.
          P.O. Box 31106 Grand Cayman KY1-1205
          Cayman Islands


LONG POINT: Fitch Expects to Rate Class A Notes 'BB- sf'
--------------------------------------------------------
Fitch Ratings expects to rate the series 2015-1 principal at-risk
variable rate notes issued by Long Point Re III Re Ltd., a Cayman
Islands exempted company licensed as a Class C insurer, as
follows:

   -- Class A notes expected to mature May, 2018 'BB- sf'; Rating
      Outlook Stable.

Neither the principal amount nor the risk interest spread has been
determined.

TRANSACTION SUMMARY

The series 2015-1 notes provide three years of indemnity, per
occurrence coverage to various insurance subsidiaries or
affiliates of the Travelers Companies, Inc. (Travelers) (IDR 'A+';
Stable Outlook by Fitch) for Tropical Cyclone, Earthquake, Severe
Thunderstorms and Winter Storm events. The Covered Area is
restricted to the northeast U.S. that includes Connecticut,
Delaware, District of Columbia, Maine, Maryland, Massachusetts,
New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island,
Virginia and Vermont.

The Total Insured Limit of the Subject Business for Tropical
Cyclone is about $1.4 trillion and is split 61% personal insurance
and 39% commercial insurance (based on the Initial Data excluding
non-modeled exposures). Within the commercial business, 12.9% is
classified as First Party - National Property which may pay for
business interruption losses. Over 41% of the commercial business
has a Total Replacement Cost in excess of $20 million. However,
with respect to each insured, the maximum amount of losses to be
included in 'Losses', whether paid or as loss reserves, is
initially limited to $20 million (Initial Single Risk Cap). This
limit may be increased to no more than $40 million upon any Reset.

The effective Reset dates will occur in May, 2016 and May, 2017
where AIR Worldwide, as the Reset Agent, will rerun the Escrow
Model with updated data provided by Travelers. Travelers may elect
to lower the Expected Loss to any level but may not increase the
Expected Loss above the Maximum Expected Loss of 1.606%. The Risk
Interest Spread will be adjusted to reflect any changes in the
risk profile but subject to a Minimum Risk Interest Spread.

The 2015-1 notes are exposed to principal loss if a Covered Event
exceeds $2.0 billion in covered losses. The Loss Amount may be
lowered if Travelers Retained Share is less than 10%. The notes
are totally exhausted if the Loss Amount exceeds $2.5 billion. In
the calculation of the Ultimate Net Loss, there is a Growth
Limitation Factor which is the lesser of 1.0 and the ratio of the
Growth Allowance Factor (1.10) and the Actual Growth Factor.
Unlike some other deals that Fitch has rated, loss adjustment
expenses are excluded from the Ultimate Net Loss.

On a historical basis, Travelers have not experienced any actual
natural catastrophe losses that would have triggered a loss event
on this class of notes. Only as a point of reference, Travelers
reported total case incurred losses of $1.6 billion for Hurricane
Katrina (which included areas outside the Covered Area of this
note) and $0.8 billion for Superstorm Sandy. Likewise, the largest
winter storm event in 2014 was less than $150 million. These
reported losses were not limited by the Single Risk Cap mentioned
above.

The notes may be extended up to 12 additional quarters if certain
qualifying events occur; however, they are not exposed to any
further catastrophe events during this extension period. The Final
Extended Redemption Date will be May 2021. The interest spread may
be reduced if a covered event occurs. At any time, the notes may
be redeemed due to listed Early Redemption Events such as clean-up
events or regulatory and tax law changes and also includes an
option for Travelers to call the 2015-1 note (subject to an
additional repayment amount). The repayment of the notes to the
note holders occurs subsequent to any qualified payments to
Travelers for covered events. Note holders have no recourse
against Travelers.

KEY RATING DRIVERS

The rating is based on the evaluation of the natural catastrophe
risk, the counterparty risk of Travelers, the credit risk of the
permitted investments and the structural integrity of the
transaction. The natural catastrophe risk represents the lowest
rating amongst the three risk segments and currently drives the
final rating of the notes.

The rating analysis in support of the evaluation of the natural
catastrophe risk is highly model-driven. As with any model of
complex physical systems, particularly those with low frequencies
of occurrence and potentially high severity outcomes, the actual
losses from catastrophic events may differ from the results of
simulation analyses. Fitch is neutral to any of the major
catastrophe modeling firms chosen by the issuer to provide the
model analysis, and thus Fitch did not include any explicit
margins or qualitative haircuts to the probability of loss metric
provided by the modeling firm.

AIR Worldwide Corporation (AIR) provided the risk analysis using
their proprietary software and risk models implemented in
Touchstone 2.0.2 and Catrader 16.0 which includes the U.S.
versions of its Hurricane Model (version 16.0), Earthquake Model
(version 9.1), Severe Thunderstorm Model (version 7.0) and Winter
Storm Model (version 1.7). These models will be escrowed and used
by AIR in determining any future annual reset. AIR has stated that
there will be updates to the Hurricane Model in the summer of 2015
but has not indicated if there would be any favorable (or
unfavorable) impact on the risk analysis of the notes.

Based on fifty thousand simulations, the one-year attachment
probability for the 2015-1 notes was 1.276%. This corresponds to
implied ratings of 'BB-' using Fitch's ILS Calibration Matrix with
a one year time to risk maturity assumption. A sensitivity test
performed by AIR reflecting the impact of elevated sea surface
temperatures produced a Modeled Trigger Probability of 1.35% which
would not change the implied rating. Results from other third-
party modeling firms or from Travelers were not provided that
could indicate different levels of attachment probability. Note
holders are exposed to this basis risk or the difference between
actual losses incurred by Travelers and the AIR modeled losses.

Nearly 83% of the Modeled Trigger Probability is attributable to
Tropical Cyclones. Severe Thunderstorms represent almost 12%,
while Earthquake and Winter Storms represent 5% and 1%,
respectively. This reflects the 'per occurrence' trigger feature
of the 2015-1 notes where a significant event needs to occur
versus multiple aggregate events. In addition, historical data
surrounding northeast U.S. earthquake is limited. As can be
expected, the State of New York accounts for the largest modeled
expected loss at 36% with Connecticut and New Jersey each
representing 14.0%. The AIR Risk Analysis did not include the
potential 1.10 Growth Limitation Factor. It included both economic
demand surge and storm water surge. Secondary perils of fire
following earthquakes and sprinkler leakage were included. The
data quality and detail provided to AIR appears robust.

During the annual reset process, Travelers may lower the Updated
Modeled Expected Loss to any level but is limited to raising it to
1.606%. Fitch's implied rating calibration matrix is dependent on
the Trigger Probability (or first-dollar loss); consequently, we
cannot estimate at this time if there would be any rating impact
if the expected loss was raised to its maximum.

Long Point III Re is reliant on the counterparty credit risk of
Travelers to make periodic payments for the Risk Interest Spread.
In the event that any payment is not made, principal will be
returned to Note holders. In addition, the notes ultimately
'follow the fortunes' of Travelers over the next three years in
regards to underwriting of new business, claim loss management and
reserve practices. Ernst & Young Ltd. (Bermuda) has been appointed
as the Claims Reviewer, KPMG in the Cayman Islands acts as the
independent auditor and Towers Watson (Bermuda) Ltd., acts as the
Loss Reserve Specialist for the Issuer.

Proceeds from this issuance will be held in a reinsurance trust
account and used to purchase high-credit-quality money market
funds meeting defined eligibility criteria, otherwise funds will
be held in cash. Investment yields generated from these permitted
investments are passed directly to note holders as the other
component of the variable rate. A downgrade of a permitted
investment will not necessarily lead to a replacement of that
investment. Further, note holders are exposed to possible market
value risk if the net asset value of a money market fund falls
below $1.00 or redeemed in adverse market conditions. Finally,
certain actions may be required if the reinsurance trust account
is invested in money market funds and it is determined that gross
proceeds from the disposition or redemption of the money market
funds will become subject to withholding tax.

RATING SENSITIVITIES

This rating is sensitive to the occurrence of a qualifying natural
catastrophe event(s), Travelers' election to reset the note's
expected loss, changes in the data quality, the counterparty
rating of Travelers and the rating or performance on the assets
held in the collateral account.
If a qualifying covered event occurs that results in a loss of
principal, Fitch will downgrade the note to reflect an effective
default and issue a Recovery Rating.

The implied rating of the natural catastrophe risk profile may
change if Travelers elects to significantly reduce (or increase)
the Modeled Expected Loss at the Reset Dates which may impact the
rating of the series 2015-1 Class A notes.

The escrow model may not reflect future methodology enhancements
by AIR which may have an adverse or beneficial effect on the
implied rating of the notes were such future methodology
considered.

To a lesser extent, the notes may be downgraded if the credit
ratings of Travelers or the reinsurance trust account assets were
significantly downgraded to a level commensurate to the implied
rating of the natural catastrophe risk. Likewise, it is unlikely
that the 2015-1 notes would be rated above the credit ratings of
Travelers if the implied rating of the natural catastrophe risk
was significantly reduced to those ratings.
Fitch's expected rating is based on a review of a Preliminary
Offering Circular Supplement and the Offering Circular, the the
AIR Expert Risk Analysis and AIR Expert Risk Analysis Results and
a Rating Agency Presentation (all supplied between April 17 and
20, 2015). The final rating is contingent upon receipt of signed
legal documents pertinent to this transaction that do not
materially change what has currently been reviewed. Any changes
could lead Fitch to an alternative rating or inability to rate the
notes.


LSP CAL EB I: Creditors' Proofs of Debt Due May 19
--------------------------------------------------
The creditors of LSP CAL EB I, Ltd. are required to file their
proofs of debt by May 19, 2015, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on April 9, 2015.

The company's liquidator is:

          Appleby Trust (Cayman) Ltd.
          c/o Richard Gordon
          Telephone: +1 (345) 949 4900
          c/o Appleby Trust (Cayman) Ltd.
          75 Fort Street
          P.O. Box 1350 Grand Cayman KY1-1108
          Cayman Islands


MILLENNIUM GLOBAL GP: Creditors' Proofs of Debt Due May 27
----------------------------------------------------------
The creditors of Millennium Global Energy Fund GP are required to
file their proofs of debt by May 27, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on March 29, 2015.

The company's liquidator is:

          KRyS Global, Governors Square
          Building 6, 2nd Floor
          23 Lime Tree Bay Avenue
          P.O. Box 31237 Grand Cayman KY1-1205
          c/o Evette Burnell
          Telephone (345) 947 4700


MILLENNIUM GLOBAL HOLDCO: Creditors' Proofs of Debt Due May 27
--------------------------------------------------------------
The creditors of Millennium Global Energy Fund Holdco Ltd. are
required to file their proofs of debt by May 27, 2015, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on April 6, 2015.

The company's liquidator is:

          KRyS Global
          Governors Square
          Building 6, 2nd Floor
          23 Lime Tree Bay Avenue
          P.O. Box 31237 Grand Cayman KY1-1205
          c/o Evette Burnell
          Telephone: (345) 947 4700


MILLENNIUM GLOBAL HOLDING: Creditors' Proofs of Debt Due May 27
---------------------------------------------------------------
The creditors of Millennium Global Energy Fund Investments Holding
Company Ltd. are required to file their proofs of debt by May 27,
2015, to be included in the company's dividend distribution.

The company commenced liquidation proceedings on April 6, 2015.

The company's liquidator is:

          KRyS Global, Governors Square
          Building 6, 2nd Floor
          23 Lime Tree Bay Avenue
          P.O. Box 31237 Grand Cayman KY1-1205
          c/o Evette Burnell
          Telephone (345) 947 4700


MILLENNIUM MIDDLE EAST: Creditors' Proofs of Debt Due May 27
------------------------------------------------------------
The creditors of Millennium Global Energy Fund Middle East
Investments Ltd. are required to file their proofs of debt by
May 27, 2015, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on April 6, 2015.

The company's liquidator is:

          KRyS Global, Governors Square
          Building 6, 2nd Floor
          23 Lime Tree Bay Avenue
          P.O. Box 31237 Grand Cayman KY1-1205
          c/o Evette Burnell
          Telephone (345) 947 4700


MILLENNIUM TMT: Creditors' Proofs of Debt Due May 27
----------------------------------------------------
The creditors of Millennium TMT Fund BVI Investments Ltd. are
required to file their proofs of debt by May 27, 2015, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on April 6, 2015.

The company's liquidator is:

          KRyS Global, Governors Square
          Building 6, 2nd Floor
          23 Lime Tree Bay Avenue
          P.O. Box 31237 Grand Cayman KY1-1205
          c/o Evette Burnell
          Telephone (345) 947 4700


MOUNTAIN RIDGE: Creditors' Proofs of Debt Due May 18
----------------------------------------------------
The creditors of Mountain Ridge Limited are required to file their
proofs of debt by May 18, 2015, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on April 7, 2015.

The company's liquidators are:

          Susan Craig
          Deborah Mitchell
          CDL Company Ltd.
          P.O. Box 31106 Grand Cayman KY1-1205
          Cayman Islands


NOBLE CAPITAL: Creditors' Proofs of Debt Due May 18
---------------------------------------------------
The creditors of Noble Capital Fund are required to file their
proofs of debt by May 18, 2015, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on April 2, 2015.

The company's liquidator is:

          Richard Fear
          c/o Ryan Charles
          Telephone: (345) 814 7364
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


VSJ01 HOLDING: Creditors' Proofs of Debt Due May 28
---------------------------------------------------
The creditors of VSJ01 Holding Limited are required to file their
proofs of debt by May 28, 2015, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on April 7, 2015.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue
          George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Jennifer Chailler
          Telephone: (345) 943-3100


WHITETIP GLOBAL: Placed Under Voluntary Wind-Up
-----------------------------------------------
At an extraordinary meeting held on March 31, 2015, the sole
shareholder of Whitetip Global Fund resolved to voluntarily wind
up the company's operations.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Fides Limited
          Dwight Dube
          Telephone: (345) 949 7232
          P.O. Box 10338 The Grand Pavilion
          Commercial Centre, 2nd Floor
          Grand Cayman KY1-1003
          Cayman Islands


WOODVILLE INVESTMENTS: Creditors' Proofs of Debt Due May 26
-----------------------------------------------------------
The creditors of Woodville Investments Limited are required to
file their proofs of debt by May 26, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on April 1, 2015.

The company's liquidator is:

          Christopher Tushingham
          Wardour Management Services Limited
          Telephone: (345) 945-3301
          Facsimile: (345) 945-3302
          P.O. Box 10147 Grand Cayman KY1-1002
          Cayman Islands


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


JAMAICA: Faces Oppositions on Plans to Impose Cess on Sugar
-----------------------------------------------------------
RJR News reports that the Private Sector Organization of Jamaica
(PSOJ) has now declared that it will not support the cess.  This
follows a similar position taken last week by the Jamaica
Manufacturers' Association (JMA), according to RJR News.

The report notes that William Mahfood, PSOJ President, has warned
Agriculture Minister Derrick Kellier not to proceed with the
implementation of the cess due to the repercussions.

"One of the largest growing manufacturing industries in the
country is the beverage industry . . . . so to try and impose a
tax on those manufacturers for sugar which is a critical
ingredient to their input, is really a retrograde step by the
government. . . . " the report quoted Mr. Mahfood as saying.

The report notes that Mr. Mahfood contends that there are options
available to the Government which would eliminate the need for a
cess on refined sugar.

The organization, which has strongly opposed the cess, said there
are ways to collect revenue leakage for the illegal sale of duty
free refined sugar, the report relays.

"We've recommended that all granulated sugar should be sold
packaged so it's traceable, and that way it would stop a lot of
the problems. If the government just insisted that that was to
happen, that would solve the problem," Mr. Mahfood asserted, notes
the report.

According to Mr. Mahfood, the Government of Jamaica is already
earning significant revenues from the existing taxes on the
sector, the report notes.

"We did an estimate the other day (and) just for Wysinco alone,
you're looking at close to 50 million dollars of taxes... It (the
cess) is just totally unacceptable... There was even a 2010 report
of the Sugar Commission by (Professor) Alvin Wint, which stated
categorically that no cess should be looked at... and that the
current scenario just needed modification," Mr. Mahfood said, the
report discloses.

                              JMA

Meanwhile, the Deputy President of the JMA, Metry Seaga, said
opposition to the sugar cess is gaining traction, the report
notes.

"I can say that we will be fighting this.  We have the "backative"
of the PSOJ and the chamber on this matter, we will take this as
far as we need to take it," Mr. Mahfood said, the report relays.

Last week, Mr. Kellier disclosed that proceeds from the cess will
finance the sugar industry's transformation, the report says.

Mr. Kellier said the government will not allow imported refined
sugar, meant for the manufacturing sector, to continue to be
leaked to the retail trade, and undermine raw sugar production as
well as rob the government of revenue, the report adds.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
Feb. 23, 2015, Fitch Ratings has affirmed Jamaica's long-term
foreign and local currency Issuer Default Ratings (IDRs) at 'B-'.
The issue ratings on Jamaica's senior unsecured foreign and local
currency bonds are also affirmed at 'B-'.  The Rating Outlooks on
the long-term IDRs are revised to Positive from Stable.  The
Country Ceiling is affirmed at 'B' and the short-term foreign
currency IDR at 'B'.


JAMAICA: Business Confidence at Eight-Year High, Survey Says
------------------------------------------------------------
RJR News reports that business confidence is at an eight-time high
in the Jamaican economy, according to research conducted by market
research services limited.

Don Anderson, Managing Director of Market Services Limited,
released the figures at a press conference in Kingston, showing
the 2015 first quarter Business and Consumer Confidence Indices,
according to RJR News.

"Where we are now, in the first quarter of 2015, the indices are
higher than at any time between 2007 and now; 2007 being the
election year," Mr. Anderson reported, the report relays.

The report notes that Mr. Anderson added that business operators
are also reporting that they expect business conditions to further
improve.

Mr. Anderson also revealed that firms are viewing their financial
prospects at a near all-time peak, the report relates.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
Feb. 23, 2015, Fitch Ratings has affirmed Jamaica's long-term
foreign and local currency Issuer Default Ratings (IDRs) at 'B-'.
The issue ratings on Jamaica's senior unsecured foreign and local
currency bonds are also affirmed at 'B-'.  The Rating Outlooks on
the long-term IDRs are revised to Positive from Stable.  The
Country Ceiling is affirmed at 'B' and the short-term foreign
currency IDR at 'B'.


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


MEXICO: Oil Exports Drop at 46.2% Annualized Rate in 1st Qtr.
-------------------------------------------------------------
EFE News reports that Mexico's oil exports fell at an annualized
rate of 46.2 percent in the first quarter, a period when the trade
deficit totaled $2.21 billion, the National Institute of
Statistics and Geography, or INEGI, said.

Exports totaled $90.39 billion in the January-March period, down
0.40 percent from the same quarter in 2014, the INEGI said in a
statement obtained by EFE News.

The report notes that oil exports plunged 46.2 percent to $6.18
billion, while non-petroleum exports rose 6.3 percent to $84.21
billion.

Imports totaled $92 billion in the first quarter, up 0.60 percent
from the first three months of 2014, the report relates.

Petroleum imports came in at $8.1 billion in the first quarter,
down 21.1 percent, compared to the first quarter of 2014, the
report discloses.

The report notes that non-petroleum imports totaled $84.4 billion,
up 3.3 percent, compared to the first three months of last year.

Mexico posted a trade surplus of $480 million in March, down from
the $949 million surplus registered in the same month last year,
the INEGI said, the report relays.

Exports totaled $34.14 billion last month, up 2.7 percent from the
March 2014, the report notes.

Mexico posted a trade deficit of $2.44 billion in 2014, up 106
percent from the deficit of $1.18 billion registered in the prior
year, the INEGI said, the report adds.


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


PUERTO RICO AQUEDUCT: S&P Lowers Rating to 'CCC+'
-------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on all
Puerto Rico Aqueduct & Sewer Authority (PRASA) debt two notches to
'CCC+' from 'B'.  At the same time, S&P placed the ratings on
CreditWatch with negative implications.

The downgrade reflects a similar action Standard & Poor's took on
the commonwealth's general obligation (GO) and related ratings on
April 24, 2015.  The actions were based on S&P's view that the
commonwealth's market access prospects have further weakened and
its ability to meet its financial commitments is increasingly tied
to favorable business, financial, and economic conditions.  Absent
economic improvement, GO debt and other financial commitments will
be unsustainable.

"The CreditWatch action reflects the current lack of consensus on
key elements of the fiscal 2016 budget, which could exacerbate
liquidity and fiscal pressure," said Standard & Poor's credit
analyst Theodore Chapman.  S&P expects to resolve the CreditWatch
within three months when there is greater clarity on the budget
and overall liquidity.  S&P believes enactment of a credible
balanced budget by the start of the new fiscal year (July 1, 2015)
could be an important element in regaining external market access.
Should passage of a fiscal 2016 budget become significantly
delayed, or if the budget is enacted with significant structural
flaws, S&P could lower the rating to 'CCC' or lower.
Alternatively, if timely budget adoption translated to stabilized
liquidity, S&P could remove the rating from CreditWatch.


===============
S U R I N A M E
===============


SURINAME: Fitch Affirms 'BB-' IDR; Outlook Stable
-------------------------------------------------
Fitch Ratings has affirmed Suriname's long-term foreign and local
currency Issuer Default Ratings (IDRs) at 'BB-'.  The Rating
Outlooks on the long-term IDRs are Stable.  In addition, Fitch has
affirmed Suriname's Country Ceiling at 'BB-' and short-term
foreign currency IDR at 'B'.

KEY RATING DRIVERS

Suriname's ratings are underpinned by its higher per capita income
and governance indicators than peers, which render its economy
better able to absorb domestic and external shocks.  Growth is
more resilient and stable than the 'BB' median and the country has
a record of responding with effective tax-raising and cost-
containment measures to fiscal shocks.  Political stability,
respect for long term mining contracts and absence of resource
nationalism continue to attract foreign investment into the
development of new gold and oil reserves.

Suriname's Stable Outlook balances its high fiscal deficits and
deteriorating external liquidity against the authorities' efforts
to reduce budgetary imbalances and maintain confidence in the
fixed foreign exchange regime, the main anchor for macroeconomic
stability.  A currency swap agreement with China, the substitution
of fuel imports after the opening of an upgraded oil refinery and
the development of a new gold mine could also support growth,
external and fiscal accounts in 2015-2016.

Fiscal consolidation is proceeding at a slow pace due to the sharp
fall in commodity revenue and spending pressures in anticipation
of the general elections in May 2015.  Fitch expects the budget
deficit to narrow gradually to an average 4.5% of GDP in 2015-2016
from an average 5.5% in 2013-2014, but will remain above the 'BB'
median of 4%.  Reducing procurement costs at line ministries and
containing the growth of public sector wages have been the main
drivers of the fiscal adjustment in 2014.  As in the aftermath of
the previous 2010 election, Fitch expects the authorities to
implement additional revenue-enhancing measures, rationalize
utility subsidies, and phase out capital investment projects to
consolidate fiscal accounts in 2015-2016.

Limited domestic and external financing flexibility restrict the
room for fiscal slippage during the formation of a new governing
coalition.  The government substituted overdraft lines with the
central bank with treasury bills issued to commercial banks and
extended the maturity of these instruments to up to two years,
albeit at high interest costs.  Absorption capacity is constrained
by tightening liquidity in an already shallow domestic capital
market.  In addition, growing public investment has led to the
accumulation of arrears to government contractors.  The sovereign
has diversified its pool of external official creditors but
disbursements remain tied to specific projects and policy
conditionality.

Lower mining export prices, an accommodative fiscal stance, and
electoral uncertainty have intensified currency depreciation
expectations and weakened external buffers.  Official reserves
fell to 2.6 months of current external payments in 2014 from 4.2
months in 2012.  Monetary authorities have supported the peg to
the U.S. dollar through increased reserve requirements, tighter
currency allocations for imports and foreign exchange sales to
banks and cambios.  The interventions effectively narrowed the
parallel market premium to 2.2% in April 2015.  A currency swap
with China equivalent to USD155 million (30% of reserves in the
first quarter of 2015 (1Q'15) is expected to bolster external
liquidity.

Fitch forecasts that the current account balance net of foreign
direct investment (FDI) could shift to a surplus of 0.4% of GDP in
2015-2016 from a deficit of 6.8% in 2014, mainly driven by FDI
inflows to finance the development of Newmont's Merian gold mine
and oil exploration.  In addition, Staatsolie's revamped refinery
will reduce the burdensome construction services import bill,
which reached 9.4% of GDP in 2014, and substitute fuel imports
yielding an estimated annual net positive effect of 2% of GDP on
the merchandise trade balance starting in the first half of 2015
(2H'15).

Alumina, gold and oil are the main contributors to Suriname's
economy.  Mining accounted for 20% of fiscal revenue and 78% of
exports in 2014.  The Merian mine will involve USD1 billion (16%
of GDP) in investment and could double industrial gold output in
2017.  Fitch forecasts that GDP growth could rise to 3.4% in 2015
and 4% in 2016 from 3.1% in 2014, with the positive investment
cycle being partially offset by tighter monetary and fiscal
policies.  Prolonged electoral uncertainty, a sustained decline in
commodity prices, and implementation delays in mining projects are
the main risks to these projections.

Suriname's moderate government debt, low amortization schedule and
high proportion of external loans contracted at concessional
interest rates and long maturities reduce debt sustainability
risks.  Government debt fell to 24% of GDP in 2014, well below the
'BB' median of 40%, after the settlement of several overdraft
credit facilities with the central bank.  However, Fitch's
forecasts that the debt burden could rise to 30% of GDP by 2016 on
the back of continued primary fiscal deficits and will remain
particularly sensitive to devaluation and duration shocks.

High commodity dependence, weak monetary and fiscal policy
coordination, limited domestic financing flexibility and
deficient, albeit improving, official data quality weigh on
Suriname's credit profile.  Weak budget controls, institutional
capacity constraints and corruption hamper public-sector
efficiency and limit policy predictability, particularly during
election cycles.

RATING SENSITIVITIES

The Stable Outlook reflects Fitch's assessment that upside and
downside risks to the rating are currently balanced.  The main
factors that, individually or collectively, could trigger a rating
action are:

Negative:

   -- Failure to reduce high fiscal deficits and increasing
      sovereign financing constraints;
   -- Continued depletion of international reserves and currency
      pressures that increase the risk of macroeconomic
      instability;
   -- Prolonged electoral or institutional uncertainty that leads
      to loss of confidence in policymaking;
   -- Mining production shocks or a severe fall in commodity
      prices that lead to a material deterioration of the
      sovereign's fiscal and external solvency metrics.

Positive:

   -- Sustained improvements in fiscal and external accounts in
      relation to rating peers;
   -- Reforms to strengthen budget management controls, monetary
      and fiscal policy predictability and institutional capacity
      of the public sector;
   -- Progress towards the implementation of investment projects
      that spur faster economic growth in the context of
      macroeconomic stability.

KEY ASSUMPTIONS

The ratings and Outlooks are sensitive to a number of assumptions.

   -- Fitch's growth, external, and fiscal forecasts assume that
      Suriname maintains current levels of gold exports and
      expands refined oil production in 2015-2016.  International
      gold and oil prices are expected to average USD1200 per troy
      ounce and USD70 per barrel in 2015-2016.

   -- Fitch assumes that the process of forming a new government
      coalition could increase currency pressures and delay fiscal
      consolidation measures but will not undermine macroeconomic
      stability.  Suriname has a long track record of
      institutional transitions of power and policy adjustments
      under different coalition governments led by opposing
      political forces.


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


TRINIDAD CEMENT: Posts TT$515 Million Revenue for First Qtr 2015
----------------------------------------------------------------
Trinidad and Tobago Newsday reports that The Trinidad Cement
Limited (TCL) Group of Companies has reported revenues of
approximately TT$515 million for the first quarter of this year.

The report notes that according to the Group's interim financial
statement for the period ended March 31, 2015, "Group revenue of
TT$514.9 million showed a small increase (TT$1.3 million or 0.3
percent) compared to First Quarter 2014, due mainly to cement
price increases implemented during 2014 and 11.1 k tons increased
clinker sales volume, while cement sales volume declined by four
percent.

TCL also said, "The first quarter (Q1) of 2015 has been a
milestone in the history of the TCL Group, according to Trinidad
and Tobago Newsday.  The report discloses that the Board is
pleased to advise that the Rights issue was successfully concluded
on March 31, 2015, with 124.9 million shares being issued and
TT$361.5 million additional capital raised.  In addition,
restructured debt agreements with lenders came into effect as at
March 30, 2015," the report relates.

The report notes that the Group added, "The main elements of which
include: Interest rate has reverted to December 2010 levels (two
percent reduction); forgiveness of the default moratorium interest
from September 30, 2014 and a discount offered by the financiers
if the loan is repaid in 90 days.

Regarding the outlook for the Group, TCL said, "The proceeds of
the rights issue will be utilized for investment in capital
expenditure, replenishment of working capital, debt service and
restructuring/transaction expenses," the report notes.

The report discloses that the Group further stated, "In addition,
the Company is exploring the possibility of refinancing its debt,
to take advantage of the prepayment discounts negotiated with the
lenders.  The Group is in a much improved position and poised to
deliver excellent results and generate sustainable rewards for all
our stakeholders."

The event of default disclosed in the fourth quarter 2014
statement has been remedied with the execution of the restructured
debt agreements as at March 30, 2015, the report notes.  As a
consequence, the loans have now been re-classified from short-term
to long-term, thus improving the working capital from a deficit of
TT$1.5 billion at December 31, 2014, to a surplus of TT$0.6
billion at March 31, 2015, the report notes.

Rights issue proceeds of TT$361.5 million were received while debt
service payments for the quarter amounted to TT$37.0 million and
expenditure on property, plant and equipment was TT$12.2 million
resulting in net cash balance at the end of Q1 of TT$548.3
million, the report adds.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
Feb. 25, 2015, Leah Sorias at Trinidad Express said that Trinidad
Cement Limited (TCL) has recorded major losses for financial year
2014.  TCL's profit before tax position fell by TT$136 million
compared with 2013, chief executive officer of the cash-strapped
company, Alejandro Ramirez, said at a press conference at the
Queen's Park Oval, Woodbrook.  Mr. Ramirez noted that in 2013,
pre-tax profit stood at TT$39 million while in 2014, TCL recorded
a loss of TT$97 million.

Dr. Rollin Bertrand, Chief Executive Officer of Trinidad Cement
Limited, the parent company for Jamaica's Caribbean Cement
Limited, was sacked, the TCRLA, citing RJR News, reported on
Oct. 6, 2014.

The report noted that Dr. Bertrand, TCL Chairman Andy Bhajan, and
four other directors, tendered their resignations minutes before a
group of shareholders met to have them removed at an August 19
special meeting.  Although he resigned as director at that
meeting, Dr. Bertrand retained his position as Chief Executive
Officer at that time.

On Oct. 8, 2014, the TCRLA said that Standard & Poor's Ratings
Services lowered its corporate credit rating on Trinidad Cement
Limited Group (TCL) to 'D' from 'B'.  The downgrade reflects TCL's
missed debt service payments due Sept. 30, 2014.

On Oct. 9, 2014, the TCRLA reported that Fitch Ratings downgraded
Trinidad Cement Limited Group's (TCL) foreign and local Currency
Issuer Default Ratings (IDRs) to 'D' from 'B-'.

Trinidad Cement Limited is a cement company and is the parent
company of Caribbean Cement Company Limited.


                            ***********


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.

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., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Julie Anne L. Toledo, and Peter A.
Chapman, Editors.

Copyright 2015.  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$775 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 A. Chapman at 215-945-7000 or Nina Novak at
202-362-8552.


                   * * * End of Transmission * * *