TCRLA_Public/150911.mbx           T R O U B L E D   C O M P A N Y   R E P O R T E R

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

            Friday, September 11, 2015, Vol. 16, No. 180


                            Headlines




A R G E N T I N A

PAN AMERICAN: Moody's Retains B2 Global Scale Rating


B O L I V I A

BOLIVIA: To Improve Public Investment Quality Thru $30MM IDB Loan


B R A Z I L

BANCO INDUSVAL: S&P Lowers LT Global Scale Rating to 'B+'
BRAZIL: S&P Lowers Sovereign Credit Rating to 'BB+', Outlook Neg.


C A Y M A N  I S L A N D S

AAA MAGNET: Members Receive Wind-Up Report
AZINVEST PROPERTY: Commences Liquidation Proceedings
BUCEPHALE LEGENDS: Members Receive Wind-Up Report
CLARIDEN LEU: Shareholder to Hear Wind-Up Report on Sept. 22
DLL INVESTMENTS: Members Receive Wind-Up Report

EAGLE POINT: Members Receive Wind-Up Report
EARTH WIND: Shareholders' Final Meeting Set for Oct. 1
GLOBAL FUND: Shareholders' Final Meeting Set for Oct. 1
GPSF CAYMAN II: Shareholders' Final Meeting Set for Sept. 25
HAIN CAPITAL: Shareholders' Final Meeting Set for Sept. 23

PRAX CAPITAL: Members Receive Wind-Up Report
PROJECT FINANCE: Shareholder to Hear Wind-Up Report on Sept. 25
REALTY & LEASING: Commences Liquidation Proceedings
SYZ ALTERNATIVE: Members Receive Wind-Up Report


P A N A M A

ATLANTIC SECURITY: S&P Lowers ICR to 'BB+/B', Outlook Stable


                            - - - - -


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

PAN AMERICAN: Moody's Retains B2 Global Scale Rating
----------------------------------------------------
Moody's Latin America Agente de Calificacion de Riesgo has
withdrawn the Aa1.ar National Local Currency rating for the Senior
Unsecured Bank Credit Facility of Pan American Energy LLC,
Argentine Branch (PAE) for business reasons. However, the B2
Global Scale Rating remains unchanged.

RATINGS RATIONALE

Moody's has withdrawn the rating for business reasons.

Pan American Energy LLC, Argentine Branch is a wholly-owned
subsidiary of Pan American Energy LLC (B2, stable). Pan American
Energy LLC is a holding company owned 60% by BP p.l.c. (A2,
Positive) and 40% by Bridas Corporation (not rated). Bridas
Corporation in turn is 50% owned by CNOOC Limited (Aa3, Stable)
and 50% by Bridas Energy Holdings (not rated). The company engages
in the exploration and production of oil and gas in the Southern
Cone region of South America and is headquartered in Buenos Aires,
Argentina.



=============
B O L I V I A
=============


BOLIVIA: To Improve Public Investment Quality Thru $30MM IDB Loan
-----------------------------------------------------------------
The Inter-American Development Bank has approved a $30 million
loan to help Bolivia improve the quality of public investment by
financing a series of pre-investment studies.

The program will finance 15 studies in strategic sectors such as
energy, transport, irrigation and health care. The goal is to
secure financing and commence execution immediately.

Implementing these projects will help Bolivia achieve its medium-
term development goals, such as narrowing social and
infrastructure development gaps and boosting productivity.

The impact of the program will be measured through the total
amount of the investment made as a result of the studies --
estimated at $2.5 billion. It will also be assessed through the
reduction of the difference between the cost of the investments
that are actually carried out and the costs estimated in the
studies.

The IDB will loan will be made with the blended approach: 80
percent ($24 million) will come from the Ordinary Capital fund,
with a 30-year repayment period, a six-year grace period and an
interest rate pegged to the LIBOR. The remaining 20 percent
($6 million) will come from the Fund for Special Operations, with
a grace and repayment period of 40 years and an interest rate of
0.25 percent.

Established in 1959, The Inter-American Development Bank is a
source of long-term financing for economic, social and
institutional development in Latin America and the Caribbean.  The
IDB also conducts cutting-edge research and provides policy
advice, technical assistance and training to public and private
sector clients throughout the region.



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

BANCO INDUSVAL: S&P Lowers LT Global Scale Rating to 'B+'
---------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
global-scale ratings on Banco Indusval S.A. (BI&P) to 'B+' from
'BB-'.  At the same time, S&P lowered its national-scale rating on
the bank to 'brBBB-' from 'brA-'.  The short-term global-scale
rating remains 'B', but S&P lowered its short-term national-scale
rating to 'brA-3' from 'brA-2'.  The outlook remains negative.

The downgrade of BI&P ratings reflects S&P's revised assessment of
the bank's risk position.  S&P revised this score to "moderate"
from "adequate" due to the deterioration in its asset quality
metrics, as a result of a one-off event, and the bank's high
concentration in terms of business segments (agribusiness) and in
terms of clients, which weaken its risk position and make the bank
more vulnerable to adverse events amid declining economic activity
and more challenging conditions in Brazil.

The decline in BI&P's asset quality metrics is closely related to
the default of one of its largest clients, "Ceagro Agricola", a
Brazil-based pure commodity trading company.  As of June 2015,
BI&P's nonperforming loans (NPLs) reached 2.0%; however this does
not take into account the problematic exposure related to the
Ceagro default.  S&P estimates that, its adjusted NPLs, including
Ceagro exposure, would be around 11%, significantly above the
average of the Brazilian banking system (3.0% as of June 30,
2015).  Furthermore, the bank posted increasing concentration
levels as of June 2015, which is also a result of it smaller
portfolio.  Currently, its agribusiness exposure represents around
27% of its total loans (21% in Jun/14) and its 20 largest clients
represent 25.5% of total loans (20.5% in December 14).  The new
business strategy to deleverage its customer loans and focus on
non-credit related products should help to gradually decrease its
concentration and somewhat mitigate those risks.

S&P has also reviewed its projections in light of the one-off
event of Ceagro; however, S&P believes this extraordinary loss
won't lead to significant capital deterioration.  This is largely
because the bank already announced a capital injection of R$80
million that should occur in the third quarter of 2015.  S&P's
assessment of the bank's capital and earnings continues to reflect
BI&P's adequate capital ratios.  According to S&P's risk-adjusted
capital framework (RACF) methodology, it expects an average 7.5%
ratio for the next two years as the bank continues to implement
its conservative growth strategy in its loans portfolio.

The negative outlook reflects the negative trend in Brazil's BICRA
Economic Risk; it also reflects potential financial deterioration
from pressures on the Brazilian banking system as a result of the
impact of fiscal and monetary tightening in our economic
assessment of Brazil.  The materialization of this negative trend
could trigger a downgrade on the ratings on the bank, as well as a
downgrade on the SACP, as S&P believes that a more difficult
operating environment would affect the bank.

The outlook also reflects S&P's view of a negative trend in the
bank's business position.  S&P believes its small market presence
and customer base could continue to pressure the bank's business
stability, as seen in poor financial results during the past 24
months.  S&P will keep monitoring how the bank's revenues base
develops as it deleverages its loans portfolio and focuses on
noncredit related business lines.

S&P could revise its outlook on BI&P to stable if the negative
trend in Brazil's BICRA Economic Risk abates and the bank improves
its profitability through a stable revenue base.


BRAZIL: S&P Lowers Sovereign Credit Rating to 'BB+', Outlook Neg.
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term foreign
currency sovereign credit rating on the Federative Republic of
Brazil to 'BB+' from 'BBB-', and the long-term local currency
sovereign credit rating to 'BBB-' from 'BBB+'.  The outlook is
negative.  S&P also lowered the short-term foreign currency rating
to 'B' from 'A-3' and the short-term local currency rating to
'A-3' from 'A-2'.  S&P also lowered the transfer and
convertibility assessment to 'BBB' from 'BBB+'.  S&P affirmed the
'brAAA' national-scale rating and revised the outlook on this
rating to negative.

RATIONALE

S&P believes Brazil's credit profile has weakened further since
July 28, when S&P revised the outlook on Brazil to negative.  At
that time, S&P signaled increased execution risks to the
corrective policy changes already underway, mainly stemming from
fluid political dynamics in Congress associated with spillover
effects from investigations of corruption at state-owned energy
company Petrobras.  S&P now perceives less conviction within the
president's cabinet on fiscal policy.

Brazil's 2016 budget proposal tabled on Aug. 31 incorporated yet
another revision to the government's fiscal targets in a short
period of time.  The proposed budget is based on a primary deficit
of 0.3% of GDP, rather than the previously revised 0.7% of GDP
surplus target that was announced in July.  This change reflects
internal disagreement about the composition and magnitude of
measures needed to redress the slippage in public finances.

Without an unexpected overperformance, the proposed fiscal target
in the budget would yield three consecutive years of primary (non-
interest) fiscal deficits and a continual rise of net general
government debt.  While the Ministry of Finance is working on
putting forward various measures to regain the 0.7% of GDP initial
surplus target, they will need to be negotiated piecemeal with
Congress.  More importantly, the series of events leading to the
budget proposal suggests to S&P diminished cohesion within
President Rousseff's cabinet and contributes to S&P's assessment
of a weaker credit profile.  Given the magnitude of the challenges
on the political, economic, and fiscal fronts facing Brazil, S&P
had assumed unwavering cabinet support in order to maximize the
executive's negotiating power with Congress.

S&P now expects the general government deficit to rise to an
average of 8% of GDP in 2015 and 2016 before declining to 5.9% in
2017, versus 6.1% in 2014.  S&P does not expect a primary fiscal
surplus in 2015 or 2016.  A high (and slow-to-decline) interest
burden (given higher interest rates and the impact of the weaker
Brazilian real on outstanding foreign exchange swaps) contributes
to the large deficit.  The slightly larger change in general
government debt to GDP vis-Ö-vis the headline deficit incorporates
some fluctuations in central bank repo operations and an end to
off-budget (below-the-line) spending.

S&P expects general government debt, net of liquid assets (not
including international reserves), to rise to 53% of GDP this year
and to 59% next year from 47% in 2014.  S&P also expects interest
to revenues to remain above 20% this year and next, from 15% last
year, and to moderate slowly given the depreciation of the
Brazilian real and higher interest rates.  S&P assess contingent
liabilities from the financial sector and all Brazilian NFPEs
(nonfinancial public enterprises, including Petrobras) as
"limited," as S&P's criteria define the term.

"Our rating on Brazil reflects our view of its established
political institutions and broad commitment to policies that
maintain economic stability -- albeit somewhat weaker than before.
We find that the ongoing investigations of corruption allegations
against high-profile individuals and companies -- in both the
private and public sectors and across political parties -- have
led to increased near-term political uncertainty.  These
independent investigations and subsequent prosecutions of corrupt
practices are a testament to the institutional framework in
Brazil, which contrasts with that of other emerging economies.  At
the same time, they have weakened near-term political cohesion and
coalition dynamics.  Stressed coalition dynamics between the
Workers' Party and the Brazilian Democratic Movement Party augur
poorly for approval of needed fiscal adjustment measures, even
with a relaxed fiscal target, in our view.  This is against a
backdrop of low approval ratings for President Rousseff and her
government, which have declined to less than 10%, and the
possibility that the president may be impeached (although this
outcome is not our base case)," S&P said.

Indeed, S&P continues to believe that economic weakness
exacerbates execution risk.  S&P now expects the contraction in
real GDP to be deeper and longer, with another revision to S&P's
growth outlook.  S&P's projections estimate a contraction of about
2.5% this year followed by another 0.5% contraction in 2016,
before returning to modest growth in 2017.

With per capita GDP of about US$8,900, Brazil's growth prospects
are, in S&P's opinion, below that of other countries at a similar
stage of development.  Notwithstanding the more recent hesitation
on the magnitude of the needed fiscal adjustment, the government
has adopted other policies to lay the foundation for growth over
the medium term.  The government is reducing off-budget spending
and removing various economic distortions, including artificially
suppressed administered prices.  To contain inflation and
inflation expectations, the central bank embarked on another
tightening cycle.  It had also moderated intervention in the
foreign exchange market (through some curtailment of the offer of
U.S. dollars via its real-denominated foreign exchange swap
program), facilitating depreciation of the real, though it has
increased intervention recently.  The government has also placed
renewed emphasis on private-sector participation in infrastructure
projects.  S&P do not see, however, that these positive steps have
turned around business sentiment.  In S&P's observations, policy
decisions have damaged business sentiment in recent years, and the
uncertainties and spillover effects associated with the corruption
investigations continue to hold sentiment back.  It now appears
that Brazil is further away from a shift to positive growth until
some of the political uncertainties settle.

"We expect Brazil's external vulnerability will rise somewhat over
the next several years.  We don't expect foreign direct investment
(FDI) to fully cover Brazil's current account deficit at about 4%
of GDP in 2015-2017.  We expect narrow net external debt to
average of 36% of current account receipts from 2015-2017.  Our
estimates of external debt are calculated on a residency basis.
They include nonresident holdings of locally issued real-
denominated government debt estimated at about US$153 billion (55%
of current account receipts) in 2014.  These holdings have risen
in reais terms so far this year (though were down on a monthly
basis in July); however, given currency depreciation, we expect
them to be lower in 2015 and 2016 in U.S. dollar terms.  Our
external debt data, however, do not include debt of approximately
30% of current account receipts raised offshore by Petrobras and
transferred in the form of FDI to the head office.  That said,
despite the wider current account deficit, Brazil has low external
financing needs compared with its current account receipts and its
high level of international reserves compared with some of its
peers," S&P noted.

The local currency rating on Brazil is higher than the foreign
currency rating, reflecting S&P's view of the credibility of its
monetary policy, its floating exchange-rate regime, and the depth
of its capital markets.  In accordance with S&P's criteria, it
lowered the local currency rating two notches to narrow the gap
between the two ratings because of Brazil's fiscal performance.

OUTLOOK

The negative outlook reflects S&P's view that there is a greater
than one-in-three likelihood that it could lower its ratings on
Brazil again.  S&P anticipates that within the next year a
downgrade could stem in particular from a further deterioration of
Brazil's fiscal position, or from potential key policy reversals
given the fluid political dynamics, including a further lack of
cohesion within the cabinet.  A downgrade could also result from
greater economic turmoil than S&P currently expects either due to
governability issues or the weakened external environment.

S&P could revise the outlook to stable if Brazil's political
uncertainties and conditions for consistent policy execution were
to improve across branches of government to staunch fiscal
deterioration and stregthen GDP growth prospects.  S&P expects
that these improvements would support a quicker turnaround and
could help Brazil exit from the current recession, facilitating
improved fiscal performance and providing more room to maneuver in
the face of economic shocks.

In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable.  At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee by
the primary analyst had been distributed in a timely manner and
was sufficient for Committee members to make an informed decision.

After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.

The committee agreed that "fiscal assessment: flexibility and
performance" had deteriorated.  All other key rating factors were
unchanged.

The chair ensured every voting member was given the opportunity to
articulate his/her opinion.  The chair or designee reviewed the
draft report to ensure consistency with the Committee decision.
The views and the decision of the rating committee are summarized
in the above rationale and outlook.  The weighting of all rating
factors is described in the methodology used in this rating
action.

RATINGS LIST

Downgraded
                                    To              From
Brazil (Federative Republic of)
Sovereign Credit Rating
  Foreign Currency                  BB+/Neg./B      BBB-/Neg./A-3
  Local Currency                    BBB-/Neg./A-3   BBB+/Neg./A-2
Transfer & Convertibility
   Assessment                       BBB             BBB+
Senior Unsecured
  Local Currency                    BBB-            BBB+
  Foreign Currency                  BB+             BBB-
Short-Term Debt
  Local Currency                    A-3             A-2

Ratings Affirmed; Outlook To Negative
                                    To              From
Brazil (Federative Republic of)
Sovereign Credit Rating
  Brazil National Scale             brAAA/Neg./--  brAAA/Stable/--

Ratings Affirmed

Brazil (Federative Republic of)
Senior Unsecured                   brAAA



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


AAA MAGNET: Members Receive Wind-Up Report
------------------------------------------
The members of AAA Magnet Global Opportunity received on Sept. 4,
2015, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

          Georges M. De Tilly
          Magnet Investment Advisors Limited
          Winning Center, Unit B, 19th Floor
          48 Wyndham Street
          Central Hong Kong
          Telephone: +852-2869-4588


AZINVEST PROPERTY: Commences Liquidation Proceedings
----------------------------------------------------
The shareholders of Azinvest Property, on July 23, 2015, resolved
to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Aug. 6, 2015, will be included in the company's dividend
distribution.

The company's liquidator is:

          Harry J. Thompson
          Telephone: (345) 946-4111
          Facsimile: (345) 946-4222
          P.O. Box 32315 Grand Cayman KY1-1209
          Cayman Islands


BUCEPHALE LEGENDS: Members Receive Wind-Up Report
-------------------------------------------------
The members of The Bucephale Legends Fund received on Sept. 8,
2015, the liquidator's report on the company's wind-up proceedings
and property disposal.

The company's liquidator is:

          Mark Longbottom
          c/o Kinetic Partners (Cayman) Limited
          The Harbour Centre
          42 North Church Street
          P.O. Box 10387 Grand Cayman KY1-1004
          Cayman Islands
          Telephone: (345) 623 9900
          Facsimile: (345) 943 9900


CLARIDEN LEU: Shareholder to Hear Wind-Up Report on Sept. 22
------------------------------------------------------------
The shareholder of Clariden Leu Trust (Cayman) Limited will hear
on Sept. 22, 2015, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

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


DLL INVESTMENTS: Members Receive Wind-Up Report
-----------------------------------------------
The members of DLL Investments Limited received on Sept. 9, 2015,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


EAGLE POINT: Members Receive Wind-Up Report
-------------------------------------------
The members of Eagle Point Credit Partners Sub II Ltd. received on
Aug. 25, 2015, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

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


EARTH WIND: Shareholders' Final Meeting Set for Oct. 1
------------------------------------------------------
The shareholders of Earth Wind & Fire Fund Ltd. will hold their
final meeting on Oct. 1, 2015, at 4:00 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


GLOBAL FUND: Shareholders' Final Meeting Set for Oct. 1
-------------------------------------------------------
The shareholders of Global Fund Exchange Platform SPC will hold
their final meeting on Oct. 1, 2015, at 4:00 p.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


GPSF CAYMAN II: Shareholders' Final Meeting Set for Sept. 25
------------------------------------------------------------
The shareholders of GPSF Cayman II LDC will hold their final
meeting on Sept. 25, 2015, at 8:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


HAIN CAPITAL: Shareholders' Final Meeting Set for Sept. 23
----------------------------------------------------------
The shareholders of Hain Capital Holdings Ltd. will hold their
final meeting on Sept. 23, 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:

          Maricorp Services Ltd.
          J. Andrew Murray
          Telephone: (345) 949 9710
          P.O. Box 2075 Grand Cayman KY1-1105
          Cayman Islands


PRAX CAPITAL: Members Receive Wind-Up Report
--------------------------------------------
The members of Prax Capital China Real Estate GP I Corp received
on Sept. 8, 2015, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Jeff Yao
          c/o Maples and Calder
          Attorneys-at-law
          P.O. Box 309, Ugland House
          Grand Cayman KY1-1104
          Cayman Islands


PROJECT FINANCE: Shareholder to Hear Wind-Up Report on Sept. 25
---------------------------------------------------------------
The shareholder of Project Finance XIV Ltd. will hear on Sept. 25,
2015, at 8:45 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

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


REALTY & LEASING: Commences Liquidation Proceedings
---------------------------------------------------
On July 23, 2015, the shareholders of Realty & Leasing Inc
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Aug. 6, 2015, will be included in the company's dividend
distribution.

The company's liquidator is:

          Harry J. Thompson
          Telephone: (345) 946-4111
          Facsimile: (345) 946-4222
          P.O. Box 32315 Grand Cayman KY1-1209
          Cayman Islands


SYZ ALTERNATIVE: Members Receive Wind-Up Report
-----------------------------------------------
The members of SYZ Alternative Investments SPC received on
Sept. 9, 2015, the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

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



===========
P A N A M A
===========


ATLANTIC SECURITY: S&P Lowers ICR to 'BB+/B', Outlook Stable
------------------------------------------------------------
Standard & Poor's Rating Services lowered its issuer credit rating
on Panama-based bank, Atlantic Security Bank (ASB) to 'BB+/B' from
'BBB-/A-3'.  The outlook is stable.

The rating action follows the downgrade of BCP and S&P's downward
revision of the group's unsupported group credit profile (GCP) to
'bbb-' from 'bbb+'.  These actions followed S&P's revision of its
Banking Industry Risk Assessment (BICRA) on Peru to group '5' from
group '4'.

S&P still considers ASB a "strategically important" subsidiary to
its ultimate parent company, Credicorp (not rated).  Nonetheless,
the 'bb-' stand-alone credit profile (SACP) of ASB reflects only
two of the maximum three notches of support.  This stems from
S&P's group rating methodology, given the bank's current group
status, the notching uplift is limited to one notch below the
unsupported GCP, which in this case doesn't benefit from
government support.

S&P uses the unsupported GCP in ASB's group support analysis
because if the ratings on BCP benefit from extraordinary Peruvian
government support, S&P believes this support will flow to BCP and
its subsidiaries, but not to ASB.





                            ***********


Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
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sources during the prior week we think are reliable.   Those
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Tuesday's edition of the TCR-LA features a list of companies with
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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
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