TCRLA_Public/150730.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

            Thursday, July 30, 2015, Vol. 16, No. 149


                            Headlines



C A Y M A N  I S L A N D S

GOLDMAN SACHS PEP IX: Members' Final Meeting Set for July 31
HARBERT ASIAN: Shareholder to Hear Wind-Up Report on Aug. 5
HARBERT MASTER: Shareholder to Hear Wind-Up Report on Aug. 5
LONGACRE EUROPE II: Shareholders' Final Meeting Set for July 30
LONGACRE SPV II: Shareholders' Final Meeting Set for July 30

LONGACRE SPV III: Shareholders' Final Meeting Set for July 30
LONGACRE SPV IV: Shareholders' Final Meeting Set for July 30
MAGNUM HOLDINGS: Shareholders' Final Meeting Set for July 30
ONSLOW SQUARE: Shareholders' Final Meeting Set for July 30
WACO INTERNATIONAL: Shareholder to Hear Wind-Up Report on Aug. 14


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Gov't. Agency Overseers Find 90% Cost Overrun
DOMINICAN REP: Legalization Cards Await 46,000++ Immigrants


J A M A I C A

JAMAICA: Banks to Stop Issuing & Accepting Notes From Cambios
JAMAICA: JCC Proposes Establishment of Trust to Sell Assets
NATIONAL COMMERCIAL: To Lead in Cutting Cash & Cheque Transactions


M E X I C O

CEMEX SAB: Fitch Hikes Issuer Default Rating IDR to 'BB-'
MEXICO: 100 Customs Agents Fired for Corruption


                            - - - - -


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


GOLDMAN SACHS PEP IX: Members' Final Meeting Set for July 31
------------------------------------------------------------
The members of Goldman Sachs Pep IX Offshore Holdings Advisors,
Inc. will hold their final meeting on July 31, 2015, at 2:30 p.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Liquidations Limited
          Cayman Corporate Centre
          27 Hospital Road
          George Town
          Grand Cayman KY1-9008
          Cayman Islands
          Telephone: +1 (345) 949 0100


HARBERT ASIAN: Shareholder to Hear Wind-Up Report on Aug. 5
-----------------------------------------------------------
The shareholder of Harbert Asian Opportunities Offshore Fund, Ltd.
will hear on Aug. 5, 2015, at 10:00 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Harbert Asian Opportunities Fund GP, LLC
          c/o Jonathan Turnham
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9007
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949 9877


HARBERT MASTER: Shareholder to Hear Wind-Up Report on Aug. 5
------------------------------------------------------------
The shareholder of Harbert Asian Opportunities Master Fund, Ltd.
will hear on Aug. 5, 2015, at 10:00 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Harbert Asian Opportunities Fund GP, LLC
          c/o Jonathan Turnham
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9007
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949 9877


LONGACRE EUROPE II: Shareholders' Final Meeting Set for July 30
---------------------------------------------------------------
The shareholders of Longacre Europe II, Ltd. will hold their final
meeting on July 30, 2015, at 12:30 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Peter Goulden
          Mourant Ozannes Cayman Liquidators Limited
          94 Solaris Avenue Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


LONGACRE SPV II: Shareholders' Final Meeting Set for July 30
------------------------------------------------------------
The shareholders of Longacre SPV II, Ltd. will hold their final
meeting on July 30, 2015, at 10:50 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Peter Goulden
          Mourant Ozannes Cayman Liquidators Limited
          94 Solaris Avenue Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


LONGACRE SPV III: Shareholders' Final Meeting Set for July 30
-------------------------------------------------------------
The shareholders of Longacre SPV III, Ltd. will hold their final
meeting on July 30, 2015, at 11:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Peter Goulden
          Mourant Ozannes Cayman Liquidators Limited
          94 Solaris Avenue Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


LONGACRE SPV IV: Shareholders' Final Meeting Set for July 30
------------------------------------------------------------
The shareholders of Longacre SPV IV, Ltd. will hold their final
meeting on July 30, 2015, at 11:45 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Peter Goulden
          Mourant Ozannes Cayman Liquidators Limited
          94 Solaris Avenue Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


MAGNUM HOLDINGS: Shareholders' Final Meeting Set for July 30
------------------------------------------------------------
The shareholders of Magnum Holdings Limited will hold their final
meeting on July 30, 2015, at 10:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Keith Blake
          c/o Giji Alex
          Telephone: (345) 914-4350/ 345-949-4800
          Facsimile: (345) 949-7164
          Century Yard, 2nd Floor
          Cricket Square, Elgin Avenue
          Grand Cayman
          Cayman Islands


ONSLOW SQUARE: Shareholders' Final Meeting Set for July 30
----------------------------------------------------------
The shareholders of Onslow Square Limited will hold their final
meeting on July 30, 2015, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Stanislaus Le Carpentier
          Saffery Champness (Suisse) S.A.
          Avenue Pictet-de-Rochemont 7
          1207 Geneva
          Switzerland
          Telephone: +41 22 319 09 75
          Facsimile: +41 22 319 09 77


WACO INTERNATIONAL: Shareholder to Hear Wind-Up Report on Aug. 14
-----------------------------------------------------------------
The shareholder of Waco International Ltd will hear on Aug. 14,
2015, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Sharon Lim
          St. George's Building, 14th Floor
          2 Ice House Street
          Central Hong Kong
          Telephone: +852-2533-1880


===================================
D O M I N I C A N   R E P U B L I C
===================================


DOMINICAN REPUBLIC: Gov't. Agency Overseers Find 90% Cost Overrun
-----------------------------------------------------------------
Dominican Today reports that the Oversight Committee of the State
Works Supervisory Engineers Office (OISOE) said construction cost
on some schools have skyrocketed 90% above budget, in violation of
the law.

In a letter sent July 14 to Presidency chief of staff Gustavo
Montalvo quoted by elcaribe.com.do, committee members said the
irregularities in some schools are as high as 90% over budget,
according to Dominican Today.

They said the school at the Savica sector of the capital was
budgeted at RD$54.5 million but has cost RD$99.6 million thus far
or RD$45.1 million more, for a 82.83% jump, notes the report.

"We understand that the process used to allocate the construction
of schools does not guarantee transparency in the process of
construction.  We suggest the lottery process to strengthen and
serve to select a short list that will compete by presenting a
budget that requires them to work according to what they have
committed to do the same," the overseers warn, the report relates.

                     Delayed Information

In the letter, observers Radhames Mejia, Jesus Moreno, Mariluz
Arias, Addys Then and Daniel Oscar also complained of delays to
hand over requested information on the current status of
constructions, the report notes.


DOMINICAN REP: Legalization Cards Await 46,000++ Immigrants
-----------------------------------------------------------
Dominican Today reports that the Interior and Police Ministry has
launched a campaign to urge foreigners who applied for the
government program to regularize aliens to get their cards and
their passport stamped at offices set up for the process.

Quoted by Diariolibre.com.do, National Regularization Plan
director Samir Santos said officials evaluate on how they'll carry
out the campaign to make it effective, according to Dominican
Today.

Mr. Santos said in addition regular media publications of the
names of the more than 46,000 whose card is ready, the campaign
will encourage them to visit the 13 offices, the report relates.


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


JAMAICA: Banks to Stop Issuing & Accepting Notes From Cambios
-------------------------------------------------------------
RJR News reports that banks are to stop accepting and issuing
foreign currency bank notes to cambios.

The Bank of Jamaica in a release said it has been informed by the
Jamaica Bankers Association (JBA) that some of its members will
stop doing cash transactions with cambios as of September 8,
according to RJR News.

The report notes that President of the Cambio Association of
Jamaica, Heather Ferguson said she has been informed of the
development and this is due to a decision by Bank of America to
stop accepting cash transactions from Jamaican banks.

The Bank of Jamaica now said it will allow the affected cambios to
purchase and surrender foreign currency bank notes directly at its
headquarters, the report relates.  That will begin on August 17
and end on February 17 next year.

The central bank says it will communicate with affected cambios on
the new arrangement, the report says.

However, the cambios say the new development is another in a
series of issues facing the sector in recent times, the report
notes.

Non cash transactions at cambios involving foreign exchange will
not be affected, the report adds.

As reported in Troubled Company Reporter-Latin America on
July 29, 2015, Standard & Poor's Ratings Services assigned its 'B'
issue rating on Jamaica's up to US$2 billion in bonds issued in
two tranches.  The first tranche is for up to US$1,350 million due
in 2028.  The second tranche is for up to US$650 million due in
2045.  The government will use the proceeds to purchase debt that
Jamaica owes to Venezuela as well as to finance the government's
2015/2016 budget.


JAMAICA: JCC Proposes Establishment of Trust to Sell Assets
-----------------------------------------------------------
RJR News reports that the Jamaica Chamber of Commerce (JCC) is
calling for the creation of a Trust to handle the divestment of
non-core government assets.

In a statement, Warren McDonald, JCC President, said the Jamaican
Governments, over the years has paid lip service to off-loading
poorly managed assets which continue to be a burden on the
country's balance sheet, according to RJR News.

Mr. McDonald contends that the sale of the assets will help to
create jobs and spur economic growth.

Mr. McDonald is proposing that the Trust be responsible for
valuating the assets as well as packaging them for divestment or
listing on the Jamaica Stock Exchange. It would report to
Parliament and be shielded by regulations from any type of
political interference, the report adds.

As reported in Troubled Company Reporter-Latin America on
July 29, 2015, Standard & Poor's Ratings Services assigned its 'B'
issue rating on Jamaica's up to US$2 billion in bonds issued in
two tranches.  The first tranche is for up to US$1,350 million due
in 2028.  The second tranche is for up to US$650 million due in
2045.  The government will use the proceeds to purchase debt that
Jamaica owes to Venezuela as well as to finance the government's
2015/2016 budget.


NATIONAL COMMERCIAL: To Lead in Cutting Cash & Cheque Transactions
------------------------------------------------------------------
RJR News reports that the National Commercial Bank (NCB) has
declared its intention to lead Jamaica into an era in which
spending with cash and cheques are significantly reduced.

Patrick Hylton, Managing Director of NCB, made this assertion at
the bank's quarterly media briefing, according to RJR News.

The report notes that reiterating that "cash and cheques are
expensive," (and) "not the most efficient means of making
payment," he said that "as a leading financial institution, we are
interested in; we believe we have a responsibility, and so we are
focused on improving the payments landscape."

Mr. Hylton hinted that the alternatives being contemplated by NCB
will go beyond the use of credit and debit cards, the report
relays.

                         Access to Finance

The report notes Mr. Hylton also said he will be seeking to boost
access to finance, as part of improving "financial inclusion" in
Jamaica.

Mr. Hylton defined financial inclusion as having access to
finance, as distinct from having access to bank accounts, the
report adds.

As reported in the Troubled Company Reporter-Latin America on
June 8, 2015, Standard & Poor's Ratings Services raised its long-
term issuer credit rating on National Commercial Bank Jamaica Ltd.
to 'B' from 'B-'.  S&P also affirmed its short-term 'B' issuer
credit rating on the bank.  The upgrade follows the same rating
action on the sovereign, which in turn reflects the country's
ability to meet its fiscal targets in the past two years, which
has led improved fiscal credibility and stabilized its debt
trajectory. NCBJ's 'b+' SACP remains unchanged.


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

CEMEX SAB: Fitch Hikes Issuer Default Rating IDR to 'BB-'
---------------------------------------------------------
Fitch Ratings has upgraded CEMEX, S.A.B. de C.V.'s "CEMEX" Issuer
Default Rating IDR to 'BB-'from 'B+'. The upgrade is supported by
the strengthening of CEMEX's capital structure during the past two
years due to the conversion of about $820 million of convertible
bonds to equity plus the refinancing of around $8.6 billion of
debt that has lowered the company's annual interest expense by
approximately $200 million per year. Also factored into the
upgrade is the improvement in the U.S. cement market, which has
more than offset weakness in other divisions. In conjunction with
these rating actions, Fitch has upgraded the company's National
Scale rating to 'A- (mex)' from 'BBB (mex)' and the company's
short-term National Scale rating to 'F2 (mex)' from 'F3(mex)'. The
Rating Outlook remains Stable. For a complete list of related
rating actions, please refer to the end of this press release.

In addition to these rating actions, Fitch affirms the 'BB-'
ratings of the company's outstanding notes and removes the 'RR3'
Recovery Rating from all debt issuances. As a result, these notes
will no longer be rated one-notch higher than the company's IDR,
as they were when the company was rated in the highly speculative
single 'B' rating category. For credits in the 'B' category, Fitch
publishes its expectation of recovery in the event of a default
and Cemex's notes were deemed to have above-average recovery
prospects, which led to the one-notch uplift. Going forward, any
positive rating action on CEMEX's IDR would be accompanied by an
equivalent upgrade of the notes.

KEY RATING DRIVERS

Strong Business Position:

CEMEX's 'BB-' IDRs continue to reflect its strong and diversified
business position. The company is one of the largest producers of
cement, ready-mix, and aggregates in the world. Key markets
include the U.S., Mexico, Colombia, Panama, Spain, Egypt, Germany,
France, Poland and the U.K. The company's product and geographic
diversification offset some of the volatility associated with the
cyclical cement industry.

Leverage Constrains Ratings:

CEMEX's ratings remain constrained by the company's high leverage;
CEMEX had USD15.6 billion of net debt as of June 30, 2015. This
figure compares with USD2.8 billion of EBITDA for LTM June 30,
2015, and results in a net debt/EBITDA ratio of 5.4x. Net leverage
improved from 6.3x during 2013 due to around USD1.6 billion of
debt reduction and an increase in EBITDA to USD2.8 billion from
USD2.6 billion in 2013. Continued EBITDA growth in key markets
such as the U.S. and Mexico would aid in further net leverage
reduction going forward, as would the conversion of USD352 million
of convertible debt in 2016 and USD690 million in 2018. The strike
prices for these conversions are USD9.27/ADS and USD9.27/ADS,
which compares with a current stock price of USD7.83.

Modest Credit Improvements Projected:

Fitch projects that CEMEX will generate about USD2.9 billion of
EBITDA in 2015 and USD3.2 billion in 2016 and that the company's
net leverage will be around 5.4x in 2015 and 4.4x in 2016. Fitch's
projections include asset sales of around USD1 billion over the
next 6-18 months. Improved cement demand in the U.S. and Mexico
are also key drivers of Fitch's projected improvement in CEMEX's
credit metrics.

Improving Cash Flow Generation:

CEMEX recorded its highest annual free cash flow (FCF) generation
since 2010 during 2014 and is on pace to remain FCF positive
during 2015. Keys to strong cash flow generation have been higher
profitability, successful cost reduction measures, and reduced
working capital days. Fitch projects CEMEX will maintain positive
FCF over the next 3-5 years, which will lead to further reductions
in gross debt levels.

Strong Growth in EBITDA Margins:

CEMEX's EBITDA margins were above 18% through June 30, 2015, which
was a 170 basis point (bps) improvement for the same prior year
period. CEMEX has taken strategic initiatives to reduce its cost
of sales and operating expenses which have resulted in stronger
profitability. Fitch projects CEMEX's EBITDA margins will likely
remain above 18% in 2015 and beyond as continued volume growth and
price increases coupled with continued cost reductions will result
in continued profitability improvement.

Continued Improvements in U.S. Market:

CEMEX's main markets during 2014 in terms of EBITDA were Mexico
(36%), Central and South America (27%), the U.S. (15%), Northern
Europe (13%), the Mediterranean (12%), and Asia (5%). CEMEX's U.S.
operations continue to improve, as EBITDA grew 50% to USD220
million for the first six months of 2015 from USD147 million
during the comparable period in 2014. The company's U.S.
operations, however, continue to operate at well below their
potential capacity. On a pro forma basis, Fitch estimates that the
U.S. operations generated around USD2.3 billion of EBITDA in 2006.
U.S. cement demand recovered to an estimated 89 million metric
tons in 2014 from a low of 71 million metric tons in 2009, but
still remains well short of the 127 million metric tons of demand
in 2006.

KEY ASSUMPTIONS

-- U.S. cement sales volumes increase 5% in 2015;
-- Mexico cement sales volumes increase 7% in 2015;
-- Consolidated sales volumes are lower than management guidance;
-- Net debt declines approximately USD570 million during 2015 and
    approximately USD1 billion in 2016;
-- Capital expenditures are approximately USD700 million in 2015;
-- Combined asset sales are approximately USD1 billion in 2015
    and 2016.

RATING SENSITIVITIES

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- Rating downgrades are not likely during 2015 and 2016 as
    CEMEX's credit protections remain consistent with the category
    despite the underperformance of some key business units. CEMEX
    received an unfavorable ruling by the Spanish tax authorities
    during 2014 that could result in a payment of EUR455 million.
    If the company is unsuccessful in its appeal, this fine would
    hinder its ability to deleverage and could lead to a negative
    rating action if the payment coincides with continued
    sluggishness in other key markets.

-- A loss of the positive momentum in the U.S. or Mexico markets
    would have a material impact upon the company's credit profile
    and could pressure leverage to around 6.0x, which could result
    in a negative rating action.

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

-- Net leverage at or less than 4.0x could lead to an upgrade of
    both the IDR and the company's notes to 'BB'.

-- Fitch is projecting that CEMEX's EBITDA in its U.S. operations
    will grow to USD550 million by 2015 from USD421 million in
    2014. This projection incorporates an expectation that single-
    family and multi-family housing starts in the U.S. will total
    1.1 million in 2015. Growth beyond this figure would be
    positive for the company's U.S. business and would accelerate
    its deleveraging process.

-- Cement demand in Mexico has underperformed Fitch's
    expectations since 2014 and this has offset improvements in
    operating cash flow in Northern Europe, as well as in the U.S.
    EBITDA generated by CEMEX in Mexico remained relatively flat
    at USD999 million in 2014 compared to USD1 billion in 2013.
    Fitch currently projects EBITDA in this market will rebound to
    USD1.1 billion by 2015. Growth faster than this could also
    accelerate debt reduction.

-- CEMEX's stock currently trades at USD7.83 per ADS. The company
    has issued subordinated convertible notes that mature in 2016
    (USD352 million), 2018 (USD690 million), and 2020 (USD521
    million). The conversion prices for these notes are
    USD9.27/ADS, USD9.27/ADS, and USD11.90/ADS, respectively.
    Conversion of these subordinated notes into equity would
    further reduce net leverage and could lead to future positive
    rating or Outlook actions.

LIQUIDITY AND DEBT STRUCTURE

CEMEX has a manageable amortization schedule as a result of its
aggressive refinancing efforts during the past few years. The
company had USD496 million of cash and marketable securities
compared to short-term debt of USD395 million as of June 30, 2015.
Most of the company's marketable securities are held in U.S. and
Mexican government bonds. CEMEX has an average life of debt of 5.8
years with no significant maturities coming due until 2018. CEMEX
also had approximately USD367 million available under its
committee line of credit as of June 30, 2015.

FULL LIST OF RATING ACTIONS

Fitch has upgraded the following ratings:

CEMEX

-- Foreign and local currency IDR to 'BB-' from 'B+';
-- Senior Secured Notes due 2018, 2019, 2021, 2022, 2023, and
    2025 to 'BB-' from 'BB-/RR3'; --National Scale long-term
    rating to 'A-(mex)' from 'BBB(mex)';
-- Senior unsecured certificates due 2017 to 'A-(mex)' from
    'BBB(mex)';
-- National scale short-term rating 'F2(mex)' from 'F3(mex)'.

Fitch has affirmed the following ratings at 'BB-':

CEMEX Espana S.A. (CEMEX Espana)

-- Senior Secured Notes due 2017 and 2019.

CEMEX Materials LLC, a limited liability company incorporated in
the U.S.

-- Senior Notes due 2025.

CEMEX Finance LLC, a limited liability company incorporated in the
U.S.

-- Senior secured notes due 2021, 2022, and 2024.
C5 Capital (SPV) Limited, a British Virgin Island restricted
purpose company

-- Senior secured perpetual notes.

C8 Capital (SPV) Limited, a British Virgin Island restricted
purpose company

-- Senior secured perpetual notes.

C10 Capital (SPV) Limited, a British Virgin Island restricted
purpose company

-- Senior secured perpetual notes.

C-10 EUR Capital (SPV) Limited, a British Virgin Island restricted
purpose company

-- Senior secured perpetual notes.


MEXICO: 100 Customs Agents Fired for Corruption
-----------------------------------------------
EFE News reports that about 100 agents assigned to the SAT tax
agency's customs service were fired for corruption between the
start of 2014 and June 30, Mexican General Customs Administration
chief Ricardo Trevino said in an interview.

Some 180 SAT employees were penalized or prosecuted in 2014 for
abuse of office, with 73 customs agents among those fired, Mr.
Trevino told the El Universal newspaper, according to EFE News.

The report notes that a total of 27 agents were let go between
Jan. 1 and June 30, Mr. Trevino said, adding that a large number
of complaints were received about SAT officials.

"Last year, nearly 13,000 complaints were received, with some 40
percent being just about customs agents," the official said, the
report relates.

"But only in 2,500 (cases) was there enough information to allow
us to start an investigation," the report quoted Mr. Trevino as
saying.

"In the end, based on these complaints, administrative penalties
were imposed on 160 public servants and criminal ones on nearly 20
public servants," the customs service chief said, the report
relays.

The agency is investing in technology to fight corruption, making
it more difficult for agents to skirt the rules, Mr. Trevino said,
the report adds.


                            ***********


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.


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