TCRLA_Public/150824.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

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

            Monday, August 24, 2015, Vol. 16, No. 166


                            Headlines



A R G E N T I N A

FST DESARROLLO: Moody's Assigns Caa-bf Bond Fund Rating


B R A Z I L

CENTRAIS ELETRICAS: Sued Over Misleading Financial Reports
PETROLEO BRASILEIRO: Judge Probe Into Rousseff's Campaign Funds


C A Y M A N  I S L A N D S

A.P.M INVESTMENT: Creditors' Proofs of Debt Due Aug. 24
AFRICA HORIZONS: Creditors' Proofs of Debt Due Sept. 2
FIREWALL FINANCE: Creditors' Proofs of Debt Due Aug. 25
HEATHLAND CAPITAL: Placed Under Voluntary Wind-Up
JAMESTOWN INDEMNITY: Placed Under Voluntary Wind-Up

LUXURY CORPORATE: Creditors' Proofs of Debt Due Sept. 16
NEW CHAUMET: Creditors' Proofs of Debt Due Sept. 16
RELIABLE INVESTMENT: Creditors' Proofs of Debt Due Aug. 24
SYMPHONY CLO: Creditors' Proofs of Debt Due Sept. 2
TRISKELE CHINA: Creditors' Proofs of Debt Due Aug. 24


D O M I N I C A N   R E P U B L I C

* DOMINICAN REPUBLIC: Industries Look to Dip Into Pension Fund
* DOMINICAN REPUBLIC: Secures Oil at US$65-Barrel Cap


J A M A I C A

JAMAICA: On Course to Pass 9th IMF Test


M E X I C O

MEXICO: Gasoline Consumption Won't Fall Despite Growth Forecast


P U E R T O    R I C O

COCO BEACH: Bank, U.S. Trustee Object to Sale of Property
DORAL FINANCIAL: Berkeley OK'd as Committee's New Fin'l. Advisor
WILLIAM CONTRACTOR: Case Summary & 13 Largest Unsecured Creditors


T R I N I D A D  &  T O B A G O

TRINIDAD & TOBAGO: Gov't. Watching Falling Prices


X X X X X X X X X

* BOND PRICING: For the Week From Aug. 17 to Aug. 20, 2015


                            - - - - -


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


FST DESARROLLO: Moody's Assigns Caa-bf Bond Fund Rating
-------------------------------------------------------
Moody's Latin America Agente de Calificacion de Riesgo, S.A. has
assigned a Caa-bf bond fund rating to fST Desarrollo Argentino FCI
(the Fund), a new bond fund domiciled in Argentina that will be
managed by bST SAGFCI.

The ratings assigned are as follows:

-- Global scale bond fund rating: Caa-bf

-- National scale bond fund rating: Baa-bf.ar

RATINGS RATIONALE

Moody's stated that the Caa-bf rating reflects the expectation
that fST Desarrollo Argentino's portfolio will typically invest
more than 70% of portfolio assets in infrastructure-related asset-
backed securities guaranteed by the Argentinean central government
and its provinces. The alignment of the fund's rating with the
sovereign rating of Argentina also reflects the expectation that
most of the securities in the portfolio will be guaranteed by the
central government and its provinces. The rating is also supported
by Moody's expectation that the fund manager will maintain a
portion of the portfolio in more liquid time deposits and short-
term government bonds.

The rating agency commented that fST Desarrollo Argentino is a new
fund with no prior track record, but is managed by an experienced
manager with previous experience managing SME-related funds which
have some infrastructure securities it its portfolio. The Fund
seeks to follow the 'inciso K' investment strategy, a strategy
that seeks to stimulate the development of regional economies
through investments in securities associated with infrastructure
projects. Moody's analysis was performed on a model portfolio
provided by the fund sponsor. The rating agency expects the fund
to be invested consistent with the model portfolio; however,
Moody's noted that if the fund's invested portfolio deviates
materially from the model portfolio, the fund's rating could be
changed.

"We expect the Fund to attract capital from local insurance
companies and the National Pension Fund (ANSES), which are
obligated by local regulations to invest a portion of their assets
in Argentinean infrastructure projects," said Moody's Assistant
Vice President-Analyst, Carlos de Nevares.

The principal methodology used in this rating was the "Moody's
Bond Fund Rating Methodology" published in May 2013. Please see
the Credit Policy page on www.moodys.com for a copy of this
methodology.

bST Asset management SGFCI SA is a medium-sized asset manager in
the Argentinean market, with a market share of approximately 1.7%
of industry-wide assets under management (AUM). As of July 2015,
bST AM SA SGFCI, had AR$2.98 billion in AUM.


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


CENTRAIS ELETRICAS: Sued Over Misleading Financial Reports
----------------------------------------------------------
City of Providence, Rhode Island, individually and on behalf of
all others similarly situated v. Centrais Eletricas Brasileiras SA
- Eletrobras, Jose Costa Carvalho Neto, Armando Casado De Araujo,
and Jose Antonio Muniz Lopes, Case No. 1:15-cv-06434-UA (S.D.N.Y,
August 14, 2015), alleges that the Defendants made false and
misleading statements, as well as failed to disclose material
adverse facts about the Company's business, operations, and
prospects.

Centrais Eletricas Brasileiras SA - Eletrobras is an energy
corporation headquartered in Rio de Janeiro, Brazil and the
dominant utility company in Brazil.

The Plaintiff is represented by:

      Frederic S. Fox, Esq.
      Donald R. Hall, Esq.
      Hae Sung Nam, Esq.
      Pamela A. Mayer, Esq.
      KAPLAN FOX & KILSHEIMER LLP
      850 Third Avenue, 14th Floor
      New York, NY 10022
      Telephone: (212) 687-1980
      Facsimile: (212) 687-7714
      E-mail: ffox@kaplanfox.com
              dhall@kaplanfox.com
              hnam@kaplanfox.com
              pmayer@kaplanfox.com


PETROLEO BRASILEIRO: Judge Probe Into Rousseff's Campaign Funds
---------------------------------------------------------------
Matthew Malinowski at Bloomberg News reports that a Brazilian
electoral court judge has requested a probe into President Dilma
Rousseff's 2014 campaign financing on signs it may have included
money siphoned from Petroleo Brasileiro S.A. (Petrobras).

Judge Gilmar Mendes said in his request to prosecutors and federal
police that there are indications President Rousseff's Workers'
Party was indirectly financed by Petrobras, which is forbidden
under law, according to Bloomberg News.  President Rousseff's
campaign also received funds from companies entangled in a
continuing probe into the kickback scheme involving Petrobras, Mr.
Mendes said, Bloomberg News discloses.

The investigation into inflated contracts at Petrobras, known as
Carwash, has roiled Latin America's largest nation since
allegations spread from oil executives to builders and Rousseff's
allies, Bloomberg News relays.  Mr. Mendes' request could further
increase pressure on Rousseff, who is already facing a combination
of low popularity, slowing economic growth and calls for
impeachment, Bloomberg News notes.

"It is essential that I inform the competent authorities of signs
of electoral offenses and prosecutable crimes," Mr. Mendes said in
the report submitted on Aug. 21, Bloomberg News notes.

Bloomberg News discloses that President Rousseff was re-elected to
a second term in October in Brazil's closest election in the past
two decades. All financial resources used while Rousseff ran for
president were received legally, and her campaign accounts were
approved unanimously by the top electoral court, known as TSE,
according to an e-mailed statement by Social Communication
Minister Edinho Silva.  He was the treasurer of Rousseff's
campaign.

If the TSE rules that Rousseff's presidential race was illegally
funded, it could annul her and her vice president's election
victory. Barring an appeal before the country's Supreme Court,
runner-up Aecio Neves would become president, Bloomberg News
relays.

More than 50 politicians are being investigated in the Carwash
probe, including the former treasurer of President Rousseff's
Workers' Party, Joao Vaccari Neto, Bloomberg News notes.  On Aug.
20, Eduardo Cunha, the head of the country's Chamber of Deputies,
was accused of having received at least $5 million in the kickback
scheme, Bloomberg News adds.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
Aug. 13, 2015, Moody's Investors Service affirmed all ratings for
Petroleo Brasileiro S.A. (Petrobras) and ratings based on
Petrobras' guarantee. This includes the affirmation of Petrobras'
Ba2 senior unsecured debt rating.  The company's b2 baseline
credit assessment (BCA) is unchanged.  The outlook is stable for
Petrobras and its guaranteed debt.


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


A.P.M INVESTMENT: Creditors' Proofs of Debt Due Aug. 24
-------------------------------------------------------
The creditors of A.P.M Investment Fund Limited are required to
file their proofs of debt by Aug. 24, 2015, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on July 16, 2015.

The company's liquidator is:

          Alta Management (Cayman) Limited
          Willow House, Floor 4
          Cricket Square
          Elgin Avenue George Town
          Grand Cayman
          Cayman Islands
          Telephone: +1 (345) 949 2648
          Facsimile: +1 (3450 949 8613


AFRICA HORIZONS: Creditors' Proofs of Debt Due Sept. 2
------------------------------------------------------
The creditors of Africa Horizons Manager Limited are required to
file their proofs of debt by Sept. 2, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 16, 2015.

The company's liquidator is:

          Nicola Cowan
          DMS Corporate Services Ltd.
          Telephone: (345) 946 7665
          Facsimile: (345) 949 2877
          dms House, 2nd Floor,
          P.O. Box 1344, Grand Cayman KY1-1108
          Cayman Islands


FIREWALL FINANCE: Creditors' Proofs of Debt Due Aug. 25
-------------------------------------------------------
The creditors of Firewall Finance Holdings Limited are required to
file their proofs of debt by Aug. 25, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 20, 2015.

The company's liquidator is:

          Westport Services Ltd.
          c/o Gillian Allan
          Telephone: (345) 949 5122
          Facsimile: (345) 949 7920
          P.O. Box 1111 Grand Cayman KY1-1102
          Cayman Islands


HEATHLAND CAPITAL: Placed Under Voluntary Wind-Up
-------------------------------------------------
On July 22, 2015, the sole shareholder of Heathland Capital
Partners, Ltd. 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:

          Heathland Asset Management, LLC
          c/o Jacqueline Haynes
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949-9877
          Ogier
          89 Nexus Way Camana Bay
          Grand Cayman KY1-9007
          Cayman Islands


JAMESTOWN INDEMNITY: Placed Under Voluntary Wind-Up
---------------------------------------------------
On July 22, 2015, the sole shareholder of Jamestown Indemnity,
Ltd. 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:

          Susan Ball
          c/o Global Captive Management Ltd.
          Building 3, 2nd Floor
          Governors Square
          23 Lime Tree Bay Avenue
          P.O. Box 1363 Grand Cayman KY1-1108
          Cayman Islands
          Telephone: +1 (345) 949 7966
          Facsimile: +1 (345) 949 8068


LUXURY CORPORATE: Creditors' Proofs of Debt Due Sept. 16
--------------------------------------------------------
The creditors of Luxury Corporate Holdings Ltd. are required to
file their proofs of debt by Sept. 16, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 23, 2015.

The company's liquidator is:

          Mufeed Rajab
          c/o Dominique Massias
          Telephone: (345) 949 5122
          Facsimile: (345) 949 7920
          P.O. Box 1111 Grand Cayman KY1-1102
          Cayman Islands


NEW CHAUMET: Creditors' Proofs of Debt Due Sept. 16
---------------------------------------------------
The creditors of New Chaumet Holdings Limited are required to file
their proofs of debt by Sept. 16, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 23, 2015.

The company's liquidator is:

          Mufeed Rajab
          c/o Dominique Massias
          Telephone: (345) 949 5122
          Facsimile: (345) 949 7920
          P.O. Box 1111 Grand Cayman KY1-1102
          Cayman Islands


RELIABLE INVESTMENT: Creditors' Proofs of Debt Due Aug. 24
----------------------------------------------------------
The creditors of Reliable Investment Fund Limited are required to
file their proofs of debt by Aug. 24, 2015, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on July 16, 2015.

The company's liquidator is:

          Modern Management Limited
          Willow House, Floor 4
          Cricket Square Elgin Avenue
          George Town
          Grand Cayman
          Cayman Islands
          Telephone: +1 (345) 949 2648
          Facsimile: +1 (345) 949 8613


SYMPHONY CLO: Creditors' Proofs of Debt Due Sept. 2
---------------------------------------------------
The creditors of Symphony CLO Opportunities Fund are required to
file their proofs of debt by Sept. 2, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 22, 2015.

The company's liquidator is:

          Nicola Cowan
          DMS Corporate Services Ltd.
          Telephone: (345) 946 7665
          Facsimile: (345) 949 2877
          dms House, 2nd Floor,
          P.O. Box 1344, Grand Cayman KY1-1108
          Cayman Islands


TRISKELE CHINA: Creditors' Proofs of Debt Due Aug. 24
-----------------------------------------------------
The creditors of Triskele China Fund are required to file their
proofs of debt by Aug. 24, 2015, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on July 13, 2015.

The company's liquidator is:

          Otto Chun Shing Chan
          Flat 6, 25/F, Block C
          Ventris Place
          Happy Valley
          Hong Kong
          Telephone: 852-90950672
          Facsimile: 852-21171160


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


* DOMINICAN REPUBLIC: Industries Look to Dip Into Pension Fund
--------------------------------------------------------------
Dominican Today reports that Dominican Industries Association
(AIRD) President Campos de Moya unveiled the sector's own scheme
to dip into the coveted pension fund, calling to enact policies
and mechanisms to invest in productive and industrial activities.

Mr. de Moya said the country's RD$310.4 billion (US$6.9 billion)
pension fund could cold boost companies with very limited access
due to lack of a "clear investment policy of these (pension fund)
and the numerous requirements imposed by the Risk Classification
Commission," according to Dominican Today.

Mr. de Moya said just 2.3% of all workers' savings are placed in
private equity firms, while most remain placed on public debt,
which in his view is "counterproductive to the Social Security
System's objectives," the report relates.

The report discloses that the AIRD president noted that no country
has been able to develop its productive sectors "without
instruments of long-term financial support, easy access and
competitive."

                        Securities Market

The report says that Mr. De Moya stressed the need for an adequate
legal framework for these funds to generate higher returns for
their owners, while contributing to a stable economy by financing
of productive activities.

The industrialist cited the conducive space the Dominican
securities market, which he affirms "shows little depth and
requires greater diversification, not only at home but also
abroad," with hard currency, housing, infrastructure, corporate
shares, corporate bonds, industries, export trade," among other
instruments, the report notes.


* DOMINICAN REPUBLIC: Secures Oil at US$65-Barrel Cap
-----------------------------------------------------
Dominican Today reports that Dominican Republic Finance minister
Simon Lizardo said the Dominican government bought insurance to
acquire oil in international markets at a US$65 cap per barrel to
protect the country from the world's volatile crude prices.

The report notes that Mr. Lizardo said the purchase was negotiated
with the investment firm JP Morgan, which he affirms leads to a
stable supply of oil bill and guaranteed the funds allocated as a
subsidy to the electricity sector.

Mr. Lizardo told reporters that no one knows where the trend will
take the current oil price, for which the Government opted to
protect supply at the US$65 per barrel ceiling, the report relays.
"No one, including agencies knows what the behavior of oil prices
will be, except the circumstances," the report quoted Mr. Lizardo
as saying.

The official however didn't specify how much JP Morgan charged for
the operation, the report notes.


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


JAMAICA: On Course to Pass 9th IMF Test
---------------------------------------
An International Monetary Fund (IMF) mission led by Uma
Ramakrishnan visited Jamaica from August 12-21, 2015, to conduct
discussions on the ninth review of Jamaica's IMF-supported program
under the Extended Fund Facility (EFF).

At the conclusion of the mission IMF Mission Chief Ms.
Ramakrishnan issued the following statement in Kingston:

"The mission reached preliminary agreement with the authorities on
a package of policies that aims at completing the ninth review
under the EFF.  Consideration by the IMF's Executive Board is
tentatively scheduled for September 2015.  Upon approval,
SDR28.32 million (about US$40 million) would be made available to
Jamaica.

"A gradual economic recovery is underway. The growth outlook is
improving, although the drought is hampering agricultural recovery
for the second year in a row. Growth is now projected at 1.4
percent in 2015-16.  The unemployment rate declined to 13.2
percent in April, with strong employment growth in tourism and in
the business process outsourcing (BPO) sector.  Inflation remained
at a historic low of 4 percent in July, in spite of higher food
prices on account of the drought.  International reserves have
continued to increase, standing at US$2.4 billion at end-July.
"Program implementation remains strong.  All quantitative
performance targets through end-June were met, with tax revenues
exceeding expectations. Structural reforms are also broadly on
track.

"The recent PetroCaribe liability management operation is an
important step in reducing Jamaica's public debt.  The buyback has
immediately reduced the debt-to-GDP ratio by about 10 percent of
GDP, and the Net Present Value (NPV) gain of the transaction is
estimated at about US$300 million.  This proactive operation will
help keep public debt on a clear downward trajectory, with debt-
to-GDP now projected at 125 percent by the end of this fiscal
year.

"We welcome the recent wage agreement between the Government of
Jamaica and the Jamaica Confederation of Trade Unions (JCTU).
Improving the efficiency, quality and cost effectiveness of the
public sector is critical for higher growth.  Lowering the wage-
to-GDP ratio to the 9 percent target for 2016/17 will create
fiscal space for capital spending, which will help the government
invest in long-term priorities.

"Continued strong implementation of the government's growth
strategy is essential to support job creation and boost the
economy.  We welcome the steps taken by the Electricity Sector
Enterprise Team to lock in lower electricity prices by
diversifying sources of energy used for electricity generation
beyond oil.  There is also scope for further improvements in the
business climate.  Enhancing access to credit for small and
medium-sized enterprises will improve financial inclusion and
support private investment.

"Financial sector stability is being strengthened through progress
in implementing the Banking Services Act and ongoing reforms in
the securities dealers sector.  The transition of retail repos to
a trust is nearing completion and should make this investment more
secure and transparent.

"The mission met with the Minister of Finance and Planning Dr. the
Hon. Peter Phillips, Bank of Jamaica Governor Brian Wynter,
Financial Secretary Devon Rowe, senior government officials, as
well as representatives of the private sector and civil society.
The mission would like to thank the authorities and technical
staff for their cooperation and hospitality."


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


MEXICO: Gasoline Consumption Won't Fall Despite Growth Forecast
---------------------------------------------------------------
The president of the Mexican Association of Service Station
Providers, or Ampes, told EFE that domestic gasoline consumption
will continue to rise despite a lower growth forecast for 2015.

"The growth expected for this year won't be what the government
had announced, but it's greater than last year and . . . . 2012
and 2013," Ricardo Boue said at the closing of Expogas, a three-
day industry gathering organized by Ampes in this central city,
according to EFE News.

The report notes that Mr. Boue added that Mexico's economic
problems, including a weakening of the peso against the dollar and
a sharp drop in oil prices, have not yet affected his sector.

The report relays that Mr. Boue also said he is unconcerned about
the opening of the service station sector in 2016, one of the
changes to be ushered in by the recent energy industry overhaul
that ended state-owned oil company Petroleos Mexicanos' 75-year
monopoly.

The sector opening does not "necessarily imply that more service
stations will appear," Mr. Boue said, adding that that will depend
on market demand, the report notes.

The rules are changing for the better, the Ampes chief said,
noting that once a clear, transparent and fair framework is in
place Mexico will attract investment for service stations, the
report discloses.

Ampes was founded 23 years ago and represents owners of some
11,500 service stations that were granted franchises by Pemex, the
report notes.

Mexico's government said it was revising its economic growth
forecast for this year downward from a range of 2.2-3.2 percent to
2.0-2.8 percent due to the drop in oil production and prices amid
a "complex and volatile" global economic landscape, the report
relays.

Mexico's economy, the second-largest in Latin America, grew 2.1
percent in 2014, rebounding from the 1.4 percent growth registered
the previous year but well below the government's initial target
of 3.9 percent, the report adds.


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


COCO BEACH: Bank, U.S. Trustee Object to Sale of Property
---------------------------------------------------------
Guy G. Gebhardt, Acting U.S. Trustee for Region 21, Banco Popular
de Puerto Rico, and the Puerto Rico Tourism Development Fund
oppose Coco Beach Golf's motion to sell its property and asked the
United States Bankruptcy Court for the District of Puerto Rico to
deny approval of the sale.

The U.S. Trustee asserts that the Motion to Sell is unclear as to
what will happen to the carcass of the Debtor if the sale is
consummated, whether there is a carve-out being considered for the
benefit of unsecured creditors, and whether the Debtor will be
seeking conversion, dismissal, or a liquidated plan, after the
sale.  The property to be sold is subject to a $26,400,000 million
bond-issuing government loan now in default at $32,600,000, which
will be paid by all taxpayers.  Under the circumstances, the
Debtor has not established that the price to be paid for the real
property is fair and reasonable, the U.S. Trustee further asserts.

BPPR, as Trustee of the bondholders of the Tourism Revenue
Refunding Bonds, 2011 Series A of Puerto Rico Industrial, Tourist,
Educational, Medical and Environmental Control Facilities
Financing Authority, complains that it was not notified of the
petition nor of the Motion to Sell the Property.  BPPR joins the
U.S. Trustee's Objection and Opposition principally due to the
Debtor's failure to notify BPPR of the petition and the proposed
disposition of the bondholders' collateral.

The Debtor, in response to the U.S. Trustee's objection, argued
that the Sale satisfies the "sound business purpose test," is a
proper exercise of its business judgment, and is in the best
interest of the estate.  The operations of the Golf & Country Club
are no longer sustainable, thus the Sale will ensure that the
continuance of the operations of the Golf & Country Club, avoiding
the closing of the Golf & Country Club, maintaining jobs in Puerto
Rico's depressed economy and will inure to the benefit of the
estate and the Commonwealth of Puerto Rico, the Debtor tells the
Court.  Certainly, waiting to sell the Golf & Country Club under a
plan will be detrimental to all creditors, parties in interest and
to the bankruptcy estate, the Debtor argues.

The Debtor, in response to TDF's opposition, explains that it has
provided TDF with the information requested thereby during the
meeting held on July 28, 2015 and will work in conjunction
therewith for an expeditious resolution of the case, with the best
interest of all parties in interest in mind, including those of
the Commonwealth of Puerto Rico of boosting its economy by
promoting economic development, tourism
and generating jobs.

The Debtor is represented by:

          Charles A. Cuprill-Hernandez, Esq.
          CHARLES A. CUPRILL, P.S.C., LAW OFFICES
          356 Fortaleza Street - Second Floor
          San Juan, PR 00901
          Tel: (787) 977-0515
          Fax: (787) 977-0518
          E-Mail: ccuprill@cuprill.com

Banco Popular de Puerto Rico is represented by:

          Jorge I. Peirats, Esq.
          PIETRANTONI MENDEZ & ALVAREZ LLC
          Banco Popular Center, 19th Floor
          208 Ponce de Leon Avenue
          San Juan, Puerto Rico 00918
          Tel: (787) 274-1212
          Fax: (787) 274-1470
          Email:  jpeirats@pmalaw.com

                      About Coco Beach Golf

Coco Beach Golf & Country Club, S.E., owner of a first class golf
and country club in Rio Grande, Puerto Rico, currently operating
under the name of Trump International Golf Club Puerto Rico,
sought Chapter 11 protection (Bankr. D.P.R. Case No. 15-05312) in
Old San Juan, Puerto Rico, on July 13, 2015, and immediately filed
a motion seeking to sell most of the assets for $2.04 million in
cash to OHorizons Global, LLC, subject to higher and better
offers.

Charles Alfred Cuprill, Esq., at Charles A Cuprill, P.S.C. Law
Offices, serves as counsel to the Debtor.


DORAL FINANCIAL: Berkeley OK'd as Committee's New Fin'l. Advisor
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
authorized the Official Committee of Unsecured Creditors in the
Chapter 11 case of Doral Financial Corporation to retain Berkeley
Research Group, LLC, as substitute financial advisor, nunc pro
tunc to June 1, 2015.

Counsel for the Committee filed a certificate of no objection
regarding the application to retain Berkeley Research.

                      About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices
in New York City, Coral Gables, Florida and San Juan, Puerto Rico.
DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit  Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.

The Committee's counsel can be reached at:

         Brian D. Pfeiffer, Esq.
         Taejin Kim, Esq.
         SCHULTE ROTH & ZABEL LLP
         919 Third Avenue
         New York, NY 10022
         Tel: (212) 756-2000
         Fax: (212) 593-5955


WILLIAM CONTRACTOR: Case Summary & 13 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: William Contractor Inc.
        PO Box 1161
        Aguada, PR 00602

Case No.: 15-06311

Chapter 11 Petition Date: August 18, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Damaris Quinones Vargas, Esq.
                  BUFETE QUINONES VARGAS & ASOC
                  PO Box 429
                  Cabo Rojo, PR 00623
                  Tel: 787-851-7866
                  Fax: 787-851-1717
                  Email: damarisqv@bufetequinones.com

Total Assets: $6.38 million

Total Liabilities: $2.56 million

The petition was signed by Lymari Benique Moralez, vice president
-secretary.

List of Debtor's 13 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
United Surety And Indemnity Co.                          $357,540
PO Box 2111
San Juan, PR 00922-2111

Banco Popular De Puerto Rico                             $150,000

Banco Popular De Puerto Rico                             $353,000
PO Box 71365
San Juan, PR 00636

William Bonilla                                           $60,579

Almacenes Ari Lopez                                       $35,000

GE Capital Corp of Puerto Rico                            $25,000

Internal Revenue Services                                 $25,000

Banco Popular De Puerto Rico                              $25,000

Centro de Recaudacion de Impuestos Munic                  $22,000

Mocoroa Y Castellanos                                     $16,000

Danzler                                                   $16,000

Departamento De Hacienda                                  $15,909

First Bank PR                                             $15,000


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


TRINIDAD & TOBAGO: Gov't. Watching Falling Prices
-------------------------------------------------
Trinidad and Tobago Newsday reports that The People's Partnership
Government is not ignoring the challenges facing this country's
economy as global oil prices continue to decline.

The Finance Ministry made this statement in a release that dealt
with the fiscal outturn for the last nine months, ending June 30,
according to Trinidad and Tobago Newsday.

The report notes that the ministry said the average West Texas
Intermediate (WTI) price on the Futures Market for 2016 is
US$50.68.

This oil price which the annual budget is pegged against is based
on WTI crude, the report relates.  The ministry further stated the
average of the prices forecast by Moody's, Standard and Poor's,
the International Energy Agency and the IMF for WTI crude in 2016
is approximately US$54 per barrel, the report notes.  In January,
the budget's oil and gas prices were revised from US$80 per barrel
and US$2.75 per mmbtu to US$45 per barrel and US$2.25 per mmbtu
respectively, the report says.

The 2016 Budget will be presented in Parliament shortly after the
September 7 General Election.

The ministry said this recovery in prices is mainly predicated on
the assumption that the fall in new investments and cutbacks in
operations as a result of the fall in prices will equilibrate
demand and supply over the next twelve months and result in some
recovery in prices, the report discloses.  The forecasts by these
agencies remain tentative and need to be continually monitored for
possible changes, given the continuing stream of bad news on the
global economy, the report notes.

Nonetheless, the ministry continued, resilience of Government's
fiscal accounts and the strength of its financial buffers have
allowed the Government to manage the slowdown reasonably well to
date, the report relays.  "This should not be construed to mean
that the Government is in any way ignoring the challenges posed by
declining oil prices.  However we are confident that with the
engagement of stakeholders and a well thought out strategy for
dealing with the issue, the economy will be able to adjust to the
challenge," the ministry said, the report adds.


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


* BOND PRICING: For the Week From Aug. 17 to Aug. 20, 2015
----------------------------------------------------------

Issuer Name     Cpn   Bid Price Maturity Date Country    Curr
-----------     ---   --------- ------------- -------    ----
Anton Oilfield
Services
Group/Hong Kong    7.5     74.65   11/6/2018      CN       USD
Argentina Bocon    2      307       1/3/2016      AR       ARS
Argentina Bocon   20.5     50.3     1/4/2016      AR       ARS
Argentina Bonar
Bonds             23.6              9/10/2015     AR       ARS
Automotores
Gildemeister SA    8.25    49.25    5/24/2021     CL       USD
Automotores
Gildemeister SA    6.75    49       1/15/2023     CL       USD
Automotores
Gildemeister SA    8.25    48.87    5/24/2021     CL       USD
Automotores
Gildemeister SA    6.75    46.12    1/15/2023     CL       USD
BA-CA Finance
Cayman 2 Ltd       0.69    60.5                   KY       EUR
BA-CA Finance
Cayman Ltd         0.60    60                     KY       EUR
Banco do Brasil
SA/Cayman          6.25    65.08                  KY       USD
Banco do Brasil
SA/Cayman          6.25    65.26                  KY       USD





Banco Mercantil
do Brasil SA       9.62    75.25    7/16/2020     BR       USD
BCP Finance Co     2.05    57.53                  KY       EUR
CA La
Electricidad
de Caracas         8.5     41.2     4/10/2018     VE       USD
China Precious
Metal Resources
Holdings Co Ltd    7.25    44.98    2/4/2018      HK       HKD
Cia Cervecerias
Unidas SA        450.45            12/1/2024      CL       CLP
Cia Sud
Americana
de Vapores SA      6.4     56.36   10/1/2022      CL       CLP
CSN Islands
XI Corp            6.87    72.5     9/21/2019     KY       USD
CSN Islands
XI Corp            6.87    88.75    9/21/2019     KY       USD
CSN Islands
XII Corp           7       59.5                   BR       USD
CSN Islands
XII Corp           7       58.75                  BR       USD
Decimo Primer
Fideicomiso
de Bonos de
Prestamos
Hipoteca           4.54     60      10/25/2041    PA       USD
Empresa de
los Ferrocarriles
del Estado         6.56              1/1/2026     CL       CLP
Empresa
Distribuidora Y
Comercializadora
Norte             10.5      84.75   10/9/2017     AR       USD
ESFG
International
Ltd                5.75      0.41                 KY       EUR
General
Exploration
Partners Inc      11.5       63.62  11/13/2018    CA       USD
General
Shopping
Finance Ltd       10         51                   KY       USD
Glorious
Property
Holdings Ltd      13.25      58.03    3/4/2018    HK       USD
Gol Finance        8.75      65                   BR       USD
Gol Finance        8.75      64.75                BR       USD
Greenfields
Petroleum Corp     9          1.08    5/31/2017   US       CAD
Hidili Industry
Int'l Development
Ltd                8.625     74      11/4/2015    CN       USD
Hidili Industry
Int'l Development
Ltd                8.62      67.375  11/4/2015    CN        USD
Honghua
Group Ltd          7.45      67.2     9/25/2019   CN        USD
Honghua Group
Ltd                7.45      55.87    9/25/2019   CN        USD
Inversora de
Electrica de
Buenos Aires SA    6.5       51       9/26/2017   AR        USD
Kaisa Group
Holdings Ltd      10.25      52       1/8/2020    CN        USD
Kaisa Group
Holdings Ltd       6.87      55.18    4/22/2016   CN        CNY
Kaisa Group
Holdings Ltd       9         55       6/6/2019    CN        USD
Kaisa Group
Holdings Ltd       8         68      12/20/2015   CN        CNY
MIE Holdings
Corp               7.5       69       4/25/2019   HK        USD
MIE Holdings Corp  7.5       71       4/25/2019   HK        USD
Mongolian Mining
Corp               8.87      60.69    3/29/2017   MN        USD
Mongolian Mining
Corp               8.87      58.5     3/29/2017   MN        USD
Newland Int'l
Properties Corp    9.5       38.12    7/3/2017    PA        USD
Newland Int'l
Properties Corp    9.5       38.12    7/3/2017    PA        USD
Noble Holding
Int'l Ltd          5.25      70.84    3/15/2042   KY        USD
NQ Mobile Inc      4         65.12   10/15/2018   CN        USD
Odebrecht
Drilling Norbe
VIII/IX Ltd        6.35      71       6/30/2021   KY        USD
Odebrecht Drilling
Norbe VIII/IX Ltd  6.35      72.87    6/30/2021   KY        USD
Odebrecht
Finance Ltd        7.5       70                   KY        USD
Odebrecht
Finance Ltd        4.37      65.75    4/25/2025   KY        USD
Odebrecht
Finance Ltd        7.12      64.5     6/26/2042   KY        USD
Odebrecht
Finance Ltd        5.25      64.52    6/27/2029   KY        USD
Odebrecht
Finance Ltd        8.25      64.93    4/25/2018   KY        BRL
Odebrecht
Finance Ltd        4.37      65       4/25/2025   KY        USD
Odebrecht
Finance Ltd        7.12      68.25    6/26/2042   KY        USD
Odebrecht
Finance Ltd        5.25      63.5     6/27/2029   KY        USD
Odebrecht
Finance Ltd        7.5       74.25                KY        USD
Odebrecht
Offshore Drilling
Finance Ltd        6.75      60.5     10/1/2022   KY        USD
Odebrecht
Offshore Drilling
Finance Ltd        6.62      60.73    10/1/2022   KY        USD
Odebrecht
Offshore Drilling
Finance Ltd        6.75      64.75    10/1/2022   KY        USD
Odebrecht
Offshore Drilling
Finance Ltd        6.62      62.25    10/1/2022   KY        USD
Odebrecht
Oil & Gas
Finance Ltd        7         46.6                 KY        USD
Odebrecht
Oil & Gas
Finance Ltd        7         54.24                KY        USD
Offshore Group
Investment Ltd     7.5       48.87    11/1/2019   KY        USD
Offshore Group
Investment Ltd     7.12      48.25     4/1/2023   KY        USD
Oi SA              5.75      74.35     2/10/2022  BR        USD
Oi SA              5.75      74.12     2/10/2022  BR        USD
PDVSA              8.5       65.32    11/2/2017   VE        USD
PDVSA             44.62                2/17/2022  VE        USD
PDVSA             44.87                4/12/2017  VE        USD
PDVSA             30                   4/12/2027  VE        USD
PDVSA             37.25               11/17/2021  VE        USD
PDVSA             62.15               10/28/2016  VE        USD
PDVSA             37.75                5/17/2035  VE        USD
PDVSA             32                   5/16/2024  VE        USD
PDVSA             30                   4/12/2037  VE        USD
PDVSA             31.75               11/15/2026  VE        USD
PDVSA             66.37               11/2/2017   VE        USD
PDVSA             33.6                 5/16/2024  VE        USD
PDVSA             31.65               11/15/2026  VE        USD
PDVSA             43.2                 2/17/2022  VE        USD
PDVSA             36.75               11/17/2021  VE        USD
PDVSA             36                   5/17/2035  VE        USD
Polarcus Ltd       5.6      53.331     4/27/2018  AE        USD
Polarcus Ltd      27                   6/7/2018   AE        USD
Polarcus Ltd      27.04                7/8/2019   AE        NOK
Provincia de
Tucuman
Argentina          0.51     42.6       9/5/2015   AR        USD
Provincia del
Chaco              4        64.40     12/4/2026   AR        USD
Ruta del Bosque
Sociedad
Concesionaria SA   6.36                3/15/2021  CL        CLP
Schahin II
Finance Co
SPV Ltd            5.87      34.9      9/25/2022  BR        USD
Schahin II
Finance Co
SPV Ltd            5.87      34.5      9/25/2022  BR        USD
Talca Chillan
Sociedad
Concesionaria SA   2.75               12/15/2019  CL        CLP
Tonon
Bioenergia SA      9.25    34.08      1/24/2020   BR        USD
Tonon
Bioenergia SA      9.25    33.12      1/24/2020   BR        USD
Transocean Inc     6.8     69         3/15/2038   KY        USD
Transocean Inc     4.3     70.71     10/15/2022   KY        USD
Transocean Inc     7.5     73.63      4/15/2031   KY        USD
Transocean Inc     7.85    72.46     12/15/2041   KY        USD
USJ Acucar e
Alcool SA          9.87    48.51     11/9/2019    BR        USD
USJ Acucar e
Alcool SA          9.87    48        11/9/2019    BR        USD
Vantage
Drilling Co        5.5     58.75      7/15/2043   US        USD
Venezuela Int'l
Bond              12.75    44         8/23/2022   VE        USD
Venezuela
Int'l Bond        11.95    38.25      8/5/2031    VE        USD
Venezuela
Int'l Bond        11.75    41        10/21/2026   VE        USD
Venezuela
Int'l Bond         7.75    34.25     10/13/2019   VE        USD
Venezuela
Int'l Bond        13.62    66.75      8/15/2018   VE        USD
Venezuela
Int'l Bond         9.37    34.25      1/13/2034   VE        USD
Venezuela
Int'l Bond        13.625   59.00      8/15/2018   VE        USD
Venezuela
Int'l Bond         9       36.5       5/7/2023    VE        USD
Venezuela
Int'l Bond         8.25    35.75     10/13/2024   VE        USD
Venezuela
Int'l Bond         6       32.5      12/9/2020    VE        USD
Venezuela
Int'l Bond         7.65    32.25      4/21/2025   VE        USD
Venezuela
Int'l Bond         7       34         3/31/2038   VE        USD
Venezuela
Int'l Bond         9.25    36.5       5/7/2028    VE        USD
Venezuela
Int'l Bond        13.62    59.00      8/15/2018   VE        USD
Venezuela
Int'l Bond         9.25    38         9/15/2027   VE        USD
Venezuela
Int'l Bond         7       41.5      12/1/2018    VE        USD
Venezuela
Int'l Bond         5.25    49.274     3/21/2019   VE        USD



                            ***********


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.

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                            ***********


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.

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                   * * * End of Transmission * * *