TCRLA_Public/170502.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

               Tuesday, May 2, 2017, Vol. 18, No. 86


                            Headlines



B R A Z I L

BANCO PAULISTA: Moody's Withdraws B2 Deposit Ratings
BRAZIL: Eike Batista Released to House Arrest Ahead of Trial
BRAZIL: General Strike, Demonstrations Disrupt Transportation


C A Y M A N  I S L A N D S

CASTLE POINTE: Sole Shareholder to Hear Wind-Up Report on May 8
CORPORATE SERVICES: Members' Final Meeting Set for May 2
CROWLEY INT'L: Shareholder to Hear Wind-Up Report on May 8
JADELAND INVESTMENT: Shareholder to Hear Wind-Up Report on May 2
LIONGATE EXTENDED: Members' Final Meeting Set for May 4

LMSF-A: Members' Final Meeting Set for May 4
LOYALTY INVESTMENTS: Members' Final Meeting Set for May 12
NEW CHINA: Shareholders' Final Meeting Set for May 2
SCHRODER CAYMAN: Members' Final Meeting Set for May 2


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: As UN Pull Out, Senate Looks to Improve Border


J A M A I C A

CABLE & WIRELESS: S&P Revises Outlook to Neg. & Affirms 'BB-' CCR
JAMAICA: Legislative Changes Coming to Unlicensed Agencies
JAMAICA: BOJ to Prepay Foreign Currency Certificates of Deposit


P U E R T O    R I C O

ELBARDI INTERNATIONAL: Taps Correa Business as Legal Counsel
SERVICIOS DE DESCUENTO: Taps Tamarez CPA as Accountant


                            - - - - -


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


BANCO PAULISTA: Moody's Withdraws B2 Deposit Ratings
----------------------------------------------------
Moody's Investors Service has withdrawn all ratings assigned to
Banco Paulista S.A., including the long and short-term local and
foreign currency deposit ratings of B2 and Not Prime,
respectively; the long and short-term Brazilian national scale
deposit ratings of Ba1.br and BR-4, respectively. Moody's has also
withdrawn the baseline credit assessment (BCA) of b2; the adjusted
BCA of b2; and the long- and short-term counterparty risk
assessments of B1(cr) and Not Prime(cr). Before the withdrawal,
the outlook on all ratings was stable.

The following ratings were withdrawn:

Issuer: Banco Paulista S.A.

-- Long-Term Global Local Currency Deposit Rating, previously
    rated B2

-- Short-Term Global Local Currency Deposit Rating, previously
    rated Not Prime

-- Long-Term Foreign Currency Deposit Rating, previously rated B2

-- Short-Term Foreign Currency Deposit Rating, previously rated
    Not Prime

-- Long-Term Brazilian National Scale Deposit Rating, previously
    rated Ba1.br

-- Short-Term Brazilian National Scale Deposit Rating, previously
    rated BR-4

-- Baseline Credit Assessment, previously rated b2

-- Adjusted Baseline Credit Assessment, previously rated b2

-- Long-Term Counterparty Risk Assessment, previously rated
    B1(cr)

-- Short-Term Counterparty Risk Assessment, previously rated Not
    Prime(cr)

-- Outlook, Changed To Rating Withdrawn From Stable

RATINGS RATIONALE

The last rating action on Banco Paulista S.A. was on May 11, 2016,
when Moody's repositioned the bank's long- and short-term
Brazilian national scale ratings at Ba1.br and BR-4, respectively,
in view of the recalibration of the national rating scale
methodology. All other ratings remained unchanged.

Banco Paulista is headquartered in Sao Paulo and had total assets
of BRL2.8 billion (US$863.2 million) and equity of BRL191.2
million (US$58.7 million) as of December 31, 2016.


BRAZIL: Eike Batista Released to House Arrest Ahead of Trial
------------------------------------------------------------
Luciana Magalhaes at The Wall Street Journal reports that
Brazilian businessman Eike Batista was released from prison to
house arrest, where he will continue to be monitored while he
awaits trial on charges of corruption and money laundering.

Local television news programs showed the former billionaire
leaving a jail house and going to his comfortable home in an
upscale neighborhood in Rio de Janeiro, according to WSJ.

A Supreme Court justice ordered the release of the former
billionaire, saying Mr. Batista's alleged crimes, though serious,
don't require his jailing, and the public interest can be served
with "less burdensome" precautionary measures, the report notes.

Mr. Batista was arrested at the end of January amid a sprawling
graft investigation, the report relays.  Before going to jail, Mr.
Batista and his lawyer declined to comment on the accusations, the
report notes.

His lawyer couldn't be reached.

Mr. Batista, once Brazil's richest person, won't be allowed to
manage his company and was ordered to turn over his passport to
authorities, according to court documents, The Wall Street Journal
relays.

Mr. Batista was jailed as part of a probe into allegations he paid
$16.5 million in bribes to the former governor of Rio de Janeiro
state, Sergio Cabral, while Mr. Cabral was in office from 2007 to
2014, the report recalls.

Mr. Batista lost most of his fortune earlier this decade when his
high-profile investments in oil production, shipbuilding and
logistics crumbled after his oil fields missed production targets,
the report notes.

Before his arrest, Mr. Batista had been planning a comeback with a
series of new business ideas involving toothpaste and a generic
version of Viagra, the report adds.

As reported in the Troubled Company Reporter-Latin America on
March 17, 2017, Moody's Investors Service has changed the outlook
on Brazil's rating to stable from negative and affirmed its issuer
rating, senior unsecured at Ba2 and shelf ratings at (P) Ba2.


BRAZIL: General Strike, Demonstrations Disrupt Transportation
-------------------------------------------------------------
Jeffrey T. Lewis and Luciana Magalhaes at The Wall Street Journal
report that a general strike in Brazil, called to protest proposed
labor and pension changes, disrupted public transportation around
the country, and some analysts say it could force the government
to weaken the proposed reforms.

In Sao Paulo, the country's financial capital and industrial hub,
many bus, metro and train lines weren't operating, and major roads
and arteries were blocked by protesters, according to city
authorities, according to WSJ.

In Brasilia, the capital, access to the city's international
airport was also blocked by protesters, television images showed,
the report notes.  Local news media reported public transportation
systems were affected in cities across Brazil, from Florianopolis
in the south to Fortaleza in the northeast, the report relays.

Protesters are trying to stop President Michel Temer from cutting
back the generous pension system and from reducing some worker
protections, the report discloses. Mr. Temer says both changes are
needed to reignite the economy, the report relays.

The protests turned violent in a few cities around the country,
the report notes.  Globo Television showed images of police
struggling to disperse a few dozen rock-throwing vandals in front
of Mr. Temer's private residence in Sao Paulo, while demonstrators
set fire to several buses in the center of Rio de Janeiro, the
report relays.

Mr. Temer said in a statement that his government will continue to
work to "modernize" Brazil's national legislation, with ample
discussion of the proposed changes in Congress, adding that his
administration is doing all it can to spur economic growth, the
report relays.

Over the past two years, Brazil has suffered through its worst
economic recession on record, which has slashed tax revenue and
made the proposed changes even more urgent, some economists said,
the report discloses.

The pension proposal, which is in a committee in the lower house
of Congress, would close loopholes that for decades have allowed
Brazilians to retire in their mid-50s with pensions as high as
their latest salary, the report says.  That situation has led to
social-security costs eating up about half of the nation's budget,
the report relays.

Mr. Temer already faces resistance in Congress to the unpopular
pension overhaul, and the strike could make its passage even more
difficult while forcing the administration to scale back an
already watered-down proposal, the report discloses.

"I never thought the government would be able to approve the kind
of reform [Mr. Temer] really wanted, but the question now is just
how many more concessions he'll have to make" to get the proposal
through Congress, said Carlos Melo, a political-science professor
at the Insper business school in Sao Paulo, the report relays.

Mr. Melo said it is difficult to say how many people stayed home
Friday because they support the strike and how many either simply
had no way to get to work or decided to avoid the added hassles,
the report discloses.

Daniel Cruz da Silva, a 25-year-old who works in an office near
Sao Paulo's emblematic Paulista Avenue, said he stayed home
because his 11-mile trip to work was impossible due to the
transportation "chaos," the report relays.  Mr. da Silva, who said
he supports the strike because workers need to protect themselves,
nevertheless criticized unions for looking out more for their own
interests than for union members,' the report notes.

The labor law proposal, which was approved in the lower house of
Brazil's Congress and will now move to the Senate, would overhaul
some of the country's 1940s-era labor code, the report relays.

Included in the bill are proposals designed to reduce or scrap
mandatory union dues, make it harder for workers to sue their
employers, and expand the scope for flexible work arrangements and
temporary employment contracts, the report discloses.

The strike was called by some of Brazil's largest unions. Many
businesses, banks and schools closed, and the Forca Sindical union
said factories have also shut down, the report relays.  The strike
is necessary to force the government to negotiate changes to
workers' rights and to the pension system, said Paulo Pereira da
Silva, president of Foráa Sindical, the report says.

"Brazil showed its unhappiness with the reforms," Mr. da Silva
said.  "If there's no dialogue with the government, there will be
more stoppages," he added.

As reported in the Troubled Company Reporter-Latin America on
March 17, 2017, Moody's Investors Service has changed the outlook
on Brazil's rating to stable from negative and affirmed its issuer
rating, senior unsecured at Ba2 and shelf ratings at (P) Ba2.



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


CASTLE POINTE: Sole Shareholder to Hear Wind-Up Report on May 8
---------------------------------------------------------------
The sole shareholder of Castle Pointe Shipping Co. LLC will hear
on May 8, 2017, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Peter A. De Vere
          Campbells Secretaries Limited
          Willow House, Floor 4
          Cricket Square, Elgin Avenue, George Town
          Grand Cayman KY1-9010
          Cayman Islands
          Telephone: +1 (345) 949 2648
          Facsimile: +1 (345) 949 8613


CORPORATE SERVICES: Members' Final Meeting Set for May 2
--------------------------------------------------------
The members of Corporate Services Ltd. will hold their final
meeting on May 2, 2017, 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:

          Stuart Sybersma
          Deloitte & Touche
          Citrus Grove Building, 4th Floor
          Goring Avenue George Town KY1-1109
          Cayman Islands
          Telephone: +1 (345) 814 2223
          Facsimile: +1 (345) 949 8258


CROWLEY INT'L: Shareholder to Hear Wind-Up Report on May 8
----------------------------------------------------------
The sole shareholder of Crowley International Maritime Services,
Ltd. will hear on May 8, 2017, at 2:00 p.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Allen Todd Busch
          9487 Regency Square Blvd.
          Jacksonville, FL 32225
          United States of America
          Telephone: +1 (904) 727-2200
          Facsimile: +1 (904) 805-1652


JADELAND INVESTMENT: Shareholder to Hear Wind-Up Report on May 2
----------------------------------------------------------------
The sole shareholder of Jadeland Investment Ltd. will hear on
May 2, 2017, at 9:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Richard Fear
          c/o Kevin Butler
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands
          Telephone: (345) 814 7374
          Facsimile: (345) 945 3902


LIONGATE EXTENDED: Members' Final Meeting Set for May 4
-------------------------------------------------------
The members of Liongate Extended Opportunities Fund will hold
their final meeting on May 4, 2017, 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:

          Mourant Ozannes
          c/o Tim Stumpff
          Corey Stokes
          94 Solaris Avenue, Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands
          Telephone: (345) 814 9277
          Facsimile: (345) 949 4647


LMSF-A: Members' Final Meeting Set for May 4
--------------------------------------------
The members of LMSF-A will hold their final meeting on May 4,
2017, 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:

          Mourant Ozannes
          c/o Tim Stumpff
          Corey Stokes
          94 Solaris Avenue, Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands
          Telephone: (345) 814 9277
          Facsimile: (345) 949 4647


LOYALTY INVESTMENTS: Members' Final Meeting Set for May 12
----------------------------------------------------------
The members of Loyalty Investments Ltd. will hold their final
meeting on May 12, 2017, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidators are:

          Desmond Campbell
          Stuart Brankin
          Circumference FS (Cayman) Ltd.
          P.O. Box 32322 Grand Cayman KY1-1209
          Cayman Islands
          Telephone: (345) 814 0711


NEW CHINA: Shareholders' Final Meeting Set for May 2
----------------------------------------------------
The shareholders of New China Holdco, Limited will hold their
final meeting on May 2, 2017, 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:

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


SCHRODER CAYMAN: Members' Final Meeting Set for May 2
-----------------------------------------------------
The members of Schroder Cayman Bank and Trust Company Limited will
hold their final meeting on May 2, 2017, 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:

          Stuart Sybersma
          Deloitte & Touche
          Citrus Grove Building, 4th Floor
          Goring Avenue George Town KY1-1109
          Cayman Islands
          Telephone: +1 (345) 814 2223
          Facsimile: +1 (345



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


DOMINICAN REPUBLIC: As UN Pull Out, Senate Looks to Improve Border
-----------------------------------------------------------------
Dominican Today, citing EFE News, reports that a Senate commission
will study the measures to be taken along the border with Haiti in
the wake of the pullout of UN peacekeepers (Minustah) from that
country, "to strengthen security and defense ff the nation and
guarantee the Dominican permanence in the zone."

Elias Pina (west) senator Adriano Sanchez, who requested the
commission, said most of the border provinces don't have a
military structure to deal with the region's security and defense
challenges, according to Dominican Today.

Mr. Sanchez said the withdrawal of UN troops from Haiti poses "a
heightened danger for the country's border and national security,"
as evidenced by the fact that those forces occupied Haitian soil,
they failed to eradicate the trafficking of Haitian nationals,
guns and drugs, among other felonies, the report notes.

The commission aims to establish the 18 farming, fishing and
forestry production units, started in 2009, along the border
provinces (Pedernales, Independencia, Elias Pina, Dajabon and
Montecristi), to create jobs and family income, provide local
producers the necessary tools, piped water and food items at low
prices, ensure security, and improve education, the report adds.

As reported in the Troubled Company Reporter-Latin America on
May 1, 2017, S&P Global Ratings affirmed its 'BB-/B' long- and
short-term sovereign credit ratings on the Dominican Republic.
The outlook remains stable.  The transfer and convertibility (T&C)
assessment is unchanged at 'BB+'.



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


CABLE & WIRELESS: S&P Revises Outlook to Neg. & Affirms 'BB-' CCR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook to negative from stable on
Cable & Wireless Communications Limited (CWC).  S&P also affirmed
its 'BB-' long- and 'B' short-term corporate credit ratings on the
company.  In addition, S&P affirmed its 'BB-' long-term corporate
credit rating on the subsidiary, Columbus International Inc.  At
the same time, S&P affirmed its existing issue-level ratings on
CWC's subsidiaries.

The outlook revision reflects S&P's concerns regarding the
macroeconomic and competitive conditions in the Caribbean and
Latin America that could continue reducing ARPUs and increase
churn, hampering the company's future growth and preventing it
from meeting a proportionate adjusted debt-to-EBITDA ratio below
5.0x for the following years.

Additionally, S&P expects CWC to use most of its operating cash
flow to finance capital expenditures (capex), resulting in a weak
free operating cash flow (FOCF) in the next two years.  However,
S&P believes CWC benefits from its long-term debt maturity profile
with no meaningful debt maturities until 2019.

S&P believes its network investments to expand and provide higher
speeds and video, the launch of bundled offerings causing
subscribers to take on additional products, and its plan to build
ongoing relations with its B2B business customers will help to
mitigate the abovementioned pressures and could generate low-
single digit revenue growth for the following years if the
strategy pays off.  S&P also expects some cost improvements from
efficiencies and the leveraging of the combined scale with the
parent, Liberty Global PLC, in terms of content, procurement, and
product development, which will keep EBITDA margins in the high
30% area.

S&P's ratings on CWC reflect its leading positions as a wireline
and wireless telecommunications and cable TV provider in most of
the markets in which it operates, solid profitability, and wide
geographic, product, and customer diversification, intense
competitive pressures, and overall relatively high country risk.


JAMAICA: Legislative Changes Coming to Unlicensed Agencies
----------------------------------------------------------
RJR News reports that legislative changes are being made to tackle
the problem of unlicensed employment agencies.

As to her contribution to the Sectoral Debate, Labor Minister
Shahine Robinson said that during the last fiscal year, her
Ministry identified 23 illegal operators and reported them to the
police, according to RJR News.

She said the Ministry continues to review the Employment Agencies
Regulation Act to take account of the many unscrupulous practices
to fleece members of the public, the report notes.

The scope of the legislation will be widened to include measures
to address the various methods being used, such as the Internet,
to attract and lure job seekers into fraudulent schemes, the
report relays.

Meanwhile, the Cabinet is expected to receive the final report
from the Labor Market Reform Commission by June 30, the report
discloses.

Ms. Robinson said the report will facilitate more fulsome
discussion on the Commission's recommendations arising from its
review of key elements in the labour market, which was undertaken
during the 2016/17 fiscal year.

The focus areas include education and training; productivity,
technology and innovation; labor policies and legislation; social
protection as well as industrial relations, the report relays.

About 660 employers participated in the Ministry's National Labor
Market Survey, which was tabled during the sitting of the House of
Representatives, the report adds.

As reported in the Troubled Company Reporter-Latin America on
Feb. 9, 2017, Fitch Ratings affirmed Jamaica's Long-Term Foreign
and Local Currency Issuer Default Ratings (IDRs) at 'B' with a
Stable Outlook. The issue ratings on Jamaica's senior unsecured
Foreign and Local Currency bonds are also affirmed at 'B'. The
Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is
affirmed at 'B' and the Short-Term Foreign Currency and Local
Currency IDRs at 'B'.


JAMAICA: BOJ to Prepay Foreign Currency Certificates of Deposit
---------------------------------------------------------------
RJR News reports that the Bank of Jamaica disclosed that it will
pre-pay over US$112 million worth of  foreign currency
certificates of  deposit that were scheduled to mature next year
and 2019.

In a release, the Central Bank said, in accordance with the
contractual three-month notice applicable to each instrument,
repayment of the principal plus accrued interest will be made on
July 28, according to RJR News.

The central bank said it considers it prudent to redeem the
instruments as they feature coupons that are higher than current
market rates for similar instruments and intends to make an offer
to holders of the instruments to immediately redeem all or part of
the principal amount, the report notes.

This offer will be made in a separate notice.

                  Sufficient Foreign Reserves

The BOJ says Jamaica's foreign exchange reserves are at
comfortable levels as the Net International Reserves (NIR) are at
an all-time high of US$2.9 billion, the report relays.

Under the current precautionary Stand-by Arrangement with the
International Monetary Fund, focus is placed on the level of non-
borrowed reserves which, at US$1.9 billion are currently ahead of
this year's semi-annual targets, the report adds.

As reported in the Troubled Company Reporter-Latin America on
Feb. 9, 2017, Fitch Ratings affirmed Jamaica's Long-Term Foreign
and Local Currency Issuer Default Ratings (IDRs) at 'B' with a
Stable Outlook. The issue ratings on Jamaica's senior unsecured
Foreign and Local Currency bonds are also affirmed at 'B'. The
Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is
affirmed at 'B' and the Short-Term Foreign Currency and Local
Currency IDRs at 'B'.



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


ELBARDI INTERNATIONAL: Taps Correa Business as Legal Counsel
------------------------------------------------------------
Elbardi International Plaza C LLC seeks approval from the U.S.
Bankruptcy Court in Puerto Rico to hire legal counsel in
connection with its Chapter 11 case.

The Debtor proposes to hire Correa Business Consulting Group, LLC
to, among other things, give legal advice regarding its duties
under the Bankruptcy Code, and negotiate with creditors for the
purpose of arranging the liquidation of its assets or for
proposing a reorganization plan.

Luis Correa Gutierrez, Esq., the attorney designated to represent
the Debtor, will charge an hourly rate of $150.  Mr. Gutierrez
received a retainer of $4,000 from the Debtor prior to its
bankruptcy filing.

In a court filing, Mr. Gutierrez disclosed that he is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Correa Business can be reached through:

     Luis Correa Gutierrez, Esq.
     Correa Business Consulting Group, LLC
     Ext. Roosevelt, 468 Calle Arrigoitia
     San Juan, PR 00918
     Tel: 787-373-1185/
     Fax: 787-724-0353
     Email: lcorrea@correalawoffice.com

               About Elbardi International Plaza

Elbardi International Plaza C LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 17-01142) on
February 22, 2017.  The petition was signed by Jesus Urdaneta,
managing member.

At the time of the filing, the Debtor estimated assets and
liabilities of less than $500,000.


SERVICIOS DE DESCUENTO: Taps Tamarez CPA as Accountant
------------------------------------------------------
Servicios De Descuento En Compra Inc. dba SEDECO dba The Outlet
seeks authorization from the U.S. Bankruptcy Court for the
District of Puerto Rico to employ Tamarez CPA, LLC as accountant.
The Debtor's Plan Administrator and Liquidating Trustee will rely
on Tamarez CPA for general accounting, tax and financial
counseling services in connection with the bankruptcy petition.
More specifically, Tamarez CPA will provide assistance in the
preparation of the monthly operating reports, as well as business
consulting services in the development of reorganization
strategies and tax preparation services.

Tamarez CPA will be paid at these hourly rates:

         Albert Tamarez-Vasquez $150
         CPA Supervisor         $100
         Senior Accountant       $85
         Staff Accountant        $65

The hourly rate does not include the sales and use tax imposed by
Act 72 of May 2015, currently 4% of billed fee.

Tamarez CPA will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Albert Tamarez-Vasquez assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtor and its estate.

Tamarez CPA can be reached at:

         Albert Tamarez-Vasquez
         TAMAREZ CPA, LLC
         148
         P.O. Box 194136
         San Juan, PR 00919-4136
         Tel: (787) 795-2855
         Fax: (787) 200-7912
         E-mail: atamarez@tamarezcpa.com

Servicios De Descuento En Compra Inc., a retailer, filed a Chapter
11 bankruptcy petition (Bankr. D. P.R. Case No. 09-00832) on Feb.
6, 2009, before the Hon. Enrique S Lamoutte Inclan, and was
represented by Fernando E Longo Quinones, Esq., at Berrios & Longo
Law Office; and Charles A Curpill, Psc Law Office. An official
committee of unsecured creditors was appointed in the case. The
panel was represented by Rafael A. Ojeda Diez, Esq., and Felix M
Zeno Gloro, Esq. Wigberto Lugo Mender was appointed as Chapter 11
Trustee and is represented in the case by Andres Garcia Arregui,
Esq., and Eduardo J Capdevila Diaz, Esq., at Garcia Arregui &
Fullana PSC. A plan was confirmed in the case on Sept. 21, 2010.


                            ***********


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, Ivy B.
Magdadaro, and Peter A. Chapman, Editors.

Copyright 2017.  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 Joseph Cardillo at
856-381-8268.


                   * * * End of Transmission * * *