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       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, February 11, 2025, Vol. 26, No. 30

                           Headlines



A R G E N T I N A

ARGENTINA: Soy Falls as US-China Talks Loom, Weather Improves
BLOCKFI INC: Leaders, Customers Settle Class Suit for $13MM


B R A Z I L

ENGIE BRASIL: Fitch Affirms 'BB+' LongTerm Foreign Currency IDR


G R E N A D A

GRENADA: Economic Growth is Projected to Remain Resilient At 3.9%


J A M A I C A

JAMAICA: BOJ Accepts 270 Bids for its $46BB Certificate of Deposit


P U E R T O   R I C O

ERC MANUFACTURING: Case Summary & 20 Largest Unsecured Creditors

                           - - - - -


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

ARGENTINA: Soy Falls as US-China Talks Loom, Weather Improves
-------------------------------------------------------------
Buenos Aires Times reports that soybeans fell in Chicago on worries
that US-China trade tensions will reduce orders for US supplies and
bearish weather in Argentina.

US President Donald Trump signaled that talks with China over
reciprocal tariffs imposed by both countries may be postponed,
feeding concerns that trade relations may be strained for an
extended period, according to Vinicius Ito, a director at futures
and options brokerage Marex Group Plc, according to Buenos Aires
Times.

                        About Argentina

Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Javier Milei is the current
president of Argentina after winning the November 19, 2023 general
election. He succeeded Alberto Angel Fernandez in the position.

Argentina has the third largest economy in Latin America.  The
country's economy is an upper middle-income economy for fiscal year
2019, according to the World Bank.  Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.

In March 2022, the International Monetary Fund (IMF) approved a new
30-month arrangement under an Extended Fund Facility for Argentina
in the amount of SDR 31.914 billion (equivalent to US$44 billion,
or 1000 percent of quota).  The IMF Executive Board's decision
allowed the authorities an immediate disbursement of an equivalent
of US$9.65 billion in March 2022.

Argentina's IMF-supported program seeks to improve public finances
and start to reduce persistent high inflation through a
multi-pronged strategy, involving a gradual elimination of monetary
financing of the fiscal deficit and enhancements in the monetary
policy framework.

In June 2024, the IMF Board completed an eighth review of the
Extended Arrangement under the Extended Fund Facility for
Argentina.  The IMF Board's decision enabled a disbursement of
around US$800 million to support the authorities' efforts to
entrench the disinflation process, rebuild fiscal and external
buffers, and underpin the recovery.

On Jan. 8, 2025, Moody's Ratings raised Argentina's local currency
ceiling to B3 from Caa1 and the foreign currency ceiling to Caa1
from Caa3.  Moody's said the decision to raise the local and
foreign currency ceilings reflects the increased predictability and
the greater consistency in economic policy that has led to a rapid
reduction in monetary and fiscal imbalances that were stoking very
high inflation.

On Nov. 15, 2024, Fitch Ratings upgraded Argentina's Long-Term
Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CC',
and its Long-Term Local-Currency IDR to 'CCC' from 'CCC-'.
Argentina's upgrade to 'CCC' from 'CC' reflects developments that
have improved Fitch's confidence in the authorities' ability to
make upcoming foreign-currency bond payments without seeking relief
of some sort.

S&P, in March 2024, raised its local currency sovereign credit
ratings on Argentina to 'CCC/C' from 'SD/SD' and its national scale
rating to 'raB+' from 'SD'. S&P also raised its long-term foreign
currency sovereign credit rating to 'CCC' from 'CCC-' and affirmed
its 'C' short-term foreign currency rating.  The S&P ratings have
been affirmed as of August 2024.  S&P said the stable outlook on
the long-term ratings balances the risks posed by pronounced
economic imbalances and other uncertainties with recent progress in
making fiscal adjustments, reducing inflation, and undertaking
structural reforms to address long-standing microeconomic
weaknesses that have contributed to poor economic performance for
many years that it would likely consider to be distressed.

DBRS, Inc. upgraded Argentina's Long-Term Foreign and Local
Currency Issuer Ratings to B (low) from CCC on November 25, 2024.
The trend on all ratings is Stable.


BLOCKFI INC: Leaders, Customers Settle Class Suit for $13MM
-----------------------------------------------------------
Martina Barash of Bloomberg Law reports that the founders, along
with several directors and executives of the now-bankrupt BlockFi
Inc., have agreed to pay more than $13 million to settle securities
fraud claims filed by a class of interest account holders.

On Tuesday, February 4, the lead plaintiffs told Judge Claire C.
Cecchi of the US District Court for the District of New Jersey that
the settlement is an "outstanding" result for BlockFi account
holders and should receive preliminary approval, according to
Bloomberg Law.

Under the terms of the settlement, distributions will be made to
89,027 account holders, although some have forfeited their right to
bring claims against the individual defendants, the report states.

                  About BlockFi Inc.

BlockFi Inc. says it's building a bridge between digital assets and
traditional financial and wealth management products to advance the
overall digital asset ecosystem for individual and institutional
investors.

BlockFi was founded in 2017 by Zac Prince and Flori Marquez and in
its early days had backing from influential Wall Street investors
like Mike Novogratz and, later on, Valar Ventures, a Peter
Thiel-backed venture fund as well as Winklevoss Capital, among
others. BlockFi made waves in 2019 when it began providing
interest-bearing accounts with returns paid in Bitcoin and Ether,
with its program attracting millions of dollars in deposits right
away.

BlockFi grew during the pandemic years and had offices in New York,
New Jersey, Singapore, Poland and Argentina.

BlockFi worked with FTX US after it took an $80 million hit from
the bad debt of crypto hedge fund Three Arrows Capital, which
imploded after the TerraUSD stablecoin wipeout in May 2022.

BlockFi had significant exposure to the companies founded by former
FTX Chief Executive Officer Sam Bankman-Fried. BlockFi received a
$400 million credit line from FTX US in an agreement that also gave
FTX the option to acquire BlockFi through a bailout orchestrated by
Bankman-Fried over the summer. BlockFi also had collateralized
loans to Alameda Research, the trading firm co-founded by
Bankman-Fried.

BlockFi is the latest crypto firm to seek bankruptcy amid a
prolonged slump in digital asset prices. Lenders Celsius Network
LLC and Voyager Digital Holdings Inc. also filed for court
protection this year. Kirkland & Ellis is also advising Celsius and
Voyager in their separate Chapter 11 cases.

BlockFi Inc. and eight affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 22-19361) on
Nov. 28, 2022. In the petitions signed by their chief executive
officer, Zachary Prince, the Debtors reported $1 billion to $10
billion in both assets and liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors tapped Kirkland & Ellis and Haynes and Boone, LLP, as
general bankruptcy counsels; Walkers (Bermuda) Limited as special
Bermuda counsel; Cole Schotz, P.C., as local counsel; Berkeley
Research Group, LLC as financial advisor; Moelis & Company as
investment banker; and Street Advisory Group, LLC, as strategic and
communications advisor. Kroll Restructuring Administration, LLC, is
the notice and claims agent.




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

ENGIE BRASIL: Fitch Affirms 'BB+' LongTerm Foreign Currency IDR
---------------------------------------------------------------
Fitch Ratings has affirmed Engie Brasil Energia S.A.'s (Engie
Brasil) Foreign Currency (FC) and Local Currency (LC) Long-Term
Issuer Default Ratings (IDRs) at 'BB+' and 'BBB-', respectively.
Fitch has also affirmed Engie Brasil's Long-Term National Scale
Rating and its senior unsecured debenture issuances at 'AAA(bra)'.
The Rating Outlook for corporate ratings is Stable.

Engie Brasil's ratings reflect its prominent market position as the
second-largest electric energy generation company in Brazil, with a
sizable, diversified asset base and operational efficiency. The
company's credit profile also benefits from a track record of
robust operating cash flow generation and a solid financial
profile, with moderate leverage and strong financial flexibility.

Fitch believes Engie Brasil is prepared to manage its high capex
plan, despite the challenges from expected lower prices for its
uncontracted energy in the coming years. Engie Brasil's FC IDR is
constrained by Brazil's Country Ceiling of 'BB+', while Brazil's
operating environment anchors the LC IDR.

Key Rating Drivers

Robust Business Profile: Engie Brasil's ratings benefit from a
strong business position in the electric power generation segment
in Brazil. It is the second-largest energy generation company in
the country, with a total installed capacity of 9.3 GW, to be
expanded to 10.7GW in 2025 with the conclusion of new projects. The
company has a successful track record in its commercial strategy
and monthly allocation of assured capacity. It also benefits from
the diluted operational risks due to its diversified asset base.

The transmission segment provides further diversification and
improves predictability to operating cash flow. Engie Brasil has
2,710 km of transmission lines in operation and 1,780 km under
development, to be concluded by 2029. Permitted annual revenues of
BRL771 million in this segment should represent roughly 10% of
consolidated EBITDA in 2025.

High Capex Pressures FCF: The base case scenario for the ratings
considers high investments of BRL8.3 billion, mainly concentrated
in 2025, and strong dividend distribution, which will pressure
Engie Brasil's FCF. Fitch estimates EBITDA of BRL6.9 billion in
2025 and BRL7.0 billion in 2026, and cash flow from operations
(CFFO) of BRL4.1 billion in 2025 and BRL4.0 billion in 2026, with
negative FCF of BRL1.9 billion in 2025 and positive FCF of BRL190
million in 2026.

Fitch expects the EBITDA margin to increase over the next few
years, reaching 65% in 2025, due to reduced energy purchase
expenses with the new generation projects conclusion. The base case
scenario anticipates sales of 4.7 average GW (aGW) in 2025 and 4.8
aGW in 2026, with average tariffs of BRL232/MWh and BRL226/MWh,
respectively.

Leverage Expected to Peak in 2025: Fitch estimates Engie Brasil's
net leverage ratio will reach 3.2x in 2025, up from 2.3x in 2023
and an expected 3.0x in 2024. These ratios remain consistent with
the current LC IDR. A reduction in dividends received from
Transportadora Associada de Gás S.A. (TAG) to roughly BRL151
million in 2025 from BRL583 million in 2024 will negatively affect
leverage ratios in 2025.

The net debt-to-EBITDA ratio should begin to approach 3.0x from
2026 onward. The company has a positive track record in capital
structure management, which has included reducing dividend
distribution in the past.

Manageable Hydrologic and Curtailment Risks: Fitch estimates Engie
Brasil's uncontracted energy volumes of 16% in 2025 and 19% in 2026
would be sufficient to support the expected generating scaling
factor (GSF) of 0.89 and 0.91 in the same years, respectively. If
needed, Engie Brasil has to obtain energy purchase contracts at
prices compatible with those established in sales contracts to
cover the reduction in its own generation to avoid higher negative
impacts on cash generation.

The company has protection against hydrological risk in contracts
in the regulated market, which represents approximately 35% of the
energy sold and limits its assured energy exposure to GSF to 31%. A
diversified asset base also mitigates curtailment impact, with 10%
constrained off in renewables plants considered manageable for the
group.

Exposure to Repricing and Concession Risk in the Medium Term: Engie
Brasil's uncontracted position above 35% from 2028 onward
represents a pricing risk in the medium term. The base case
scenario for the ratings incorporates average prices of BRL210/MWh
for new contracts from 2028 onward, less than BRL256/MWh for the
current contracts.

In addition, important concessions, which totals 3.9GW and
represents 43% of the company current installed capacity, expire
during 2030-2032. Fitch believes the group still has time to manage
these exposures and expects potential impacts in the cash flow,
capital structure or liquidity position to be addressed in
advance.

Weak Parent-Subsidiary Linkage: Engie Brasil's ratings are based on
its Standalone Credit Profile, as legal, operational and strategic
incentives for parent company Engie S.A. (Engie, BBB+/Stable) to
support the Brazilian subsidiary, if needed, are weak. Engie
controls 68.71% of Engie Brasil, but there are no guarantees or
cross-default clauses.

Strategic incentives of support are low as Engie Brasil represents
less than 10% of the group's EBITDA despite being the largest
market outside Europe and having some growth potential. Fitch views
operational incentives as low to medium, with some reputational
risks related to the use of a common name.

Derivation Summary

Engie Brasil's FC IDR (BB+/Stable) is one to two notches below
peers in Latin America, such as Engie Energia Chile S.A. (Engie
Chile; BBB/Stable), the fourth-largest generator in Chile; Enel
Colombia S.A. E.S.P. (Enel Colombia; BBB/Stable), the
second-largest generation company in Colombia; and AES Andes S.A.
(AES Andes; BBB-/Stable), the second-largest generator in Chile and
one of the leaders in Colombia. This is primarily as a result of
Brazil's 'BB+' Country Ceiling.

Engie Chile, Enel Colombia and AES Andes benefit from better
economic environments in Chile and Colombia, which are rated higher
than Brazil. Engie Brasil's FC IDR is capped by the Brazilian
Country Ceiling.

Engie Brasil's LC IDR (BBB-/Stable) is more comparable with these
'BBB' category rated peers. It is well positioned relative to other
Latin American power generators in terms of installed capacity,
asset diversification and contracted position. Engie Brasil has an
installed capacity of approximately 9.3GW, which compares favorably
with AES Andes (6.1GW), Engie Chile (2.5GW) and Enel Colombia
(4.3GW).

The energy mix of Engie Chile and AES Andes differs from Engie
Brasil and Enel Colombia. Engie Brasil and Enel Colombia are more
exposed to hydrological conditions, while AES Andes and Engie Chile
need to deal with coal and natural gas price volatility. All the
companies have predictable and robust cash flow generation since
they have managed business risks properly. However, Engie Brasil
has a stronger financial profile.

Compared with European integrated groups with operations in Brazil,
Engie Brasil's FC and LC IDRs are also two to three notches below
Enel S.p.A. (BBB+/Stable) and Iberdrola, S.A. (Iberdrola;
BBB+/Stable). The two European companies benefit from international
footprints with large presences in higher-rated geographies — the
U.K. and U.S. for Iberdrola, and Italy for Enel S.p.A. Both are
fully integrated utilities that benefit from diversified profiles
by business line and geography, with a significant portion of
regulated networks and quasi-regulated renewable generation.

In energy generation, both Enel S.p.A. and Iberdrola have much
higher scale compared with Engie Brasil. Iberdrola has installed
capacity of 55GW and Enel S.p.A. has 81GW.

Key Assumptions

- Energy sales of 4.7 aGW in 2025 and 4.8 aGW in 2026, not
including quotas capacity;

- Average sales price of BRL232/MWh in 2025 and BRL226/MWh in
2026;

- Energy purchase of 0.9 aGW in 2025 and 0.8 aGW in 2026;

- Selling, general and administrative expenses adjusted to
inflation;

- Average GSF of 0.89 in 2025 and 0.91 in 2026;

- Capex of BRL8.3 billion from 2025 to 2027;

- Acquisition of the Jirau Hydropower Plant does not occur.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

- Negative rating action for the LC IDR would be associated with a
deterioration in Engie Brasil's consolidated financial profile,
with net adjusted leverage above 3.5x and/or funds from operations
net leverage of more than 4.0x, both on a sustained basis;

- A downgrade on Brazil's sovereign rating would result in a
similar rating action on Engie Brasil's FC IDR;

- A weaker operating environment in Brazil could result in a
downgrade of the LC IDR;

- A two-notch downgrade of Engie Brasil's LC IDR may lead to a
downgrade of the National Scale Rating.

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

- Positive rating action for the company's FC IDR would be
associated with an upgrade of Brazil's sovereign rating;

- Positive rating action for the company's LC IDR would be
associated with improvements in Brazil's operating environment;

- Upgrades are not applicable to the National Scale Rating, as it
is at the highest level.

Liquidity and Debt Structure

Engie Brasil has ample access to funding sources and a strong
liquidity profile, with robust cash position and no short-term debt
concentration. As of Sept, 2024, cash and marketable securities of
BRL4.0 billion, net of restricted cash of BRL384 million, were
strong enough to cover the short-term debt of BRL2.8 billion. The
high cash balance, reinforced by capex financing, will be partially
used to fund the negative FCF in 2025.

The Asa Branca and Grauna project will require capex of BRL3.8
billion in 2025 and 2026, mostly supported by long-term project
finance debt at the holding Engie Brasil level. The BRL1.5 billion
debentures raised in October 2024 due in 2030 will be mainly used
for capex. As of Sept. 2024, Engie Brasil's total debt of BRL24.0
billion was mainly comprised of Banco Nacional de Desenvolvimento
Econônico e Social (BNDES) (BRL10.8 billion) and debentures
(BRL9.0 billion).

Issuer Profile

Engie Brasil is the second-largest energy generator in Brazil, with
a total operational installed capacity of 9.3GW and 1.4GW under
development. The company also has 2,710 km of transmission lines in
operation and 1,780 km in the pre-operational phase.

Summary of Financial Adjustments

Net revenues and EBITDA net of construction revenues and cost.

MACROECONOMIC ASSUMPTIONS AND SECTOR FORECASTS

Fitch's latest quarterly Global Corporates Macro and Sector
Forecasts data file which aggregates key data points used in its
credit analysis. Fitch's macroeconomic forecasts, commodity price
assumptions, default rate forecasts, sector key performance
indicators and sector-level forecasts are among the data items
included.

ESG Considerations

The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.

   Entity/Debt             Rating              Prior
   -----------             ------              -----
Engie Brasil
Energia S.A.      LT IDR    BB+     Affirmed   BB+
                  LC LT IDR BBB-    Affirmed   BBB-
                  Natl LT   AAA(bra)Affirmed   AAA(bra)

   senior
   unsecured      Natl LT   AAA(bra)Affirmed   AAA(bra)




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G R E N A D A
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GRENADA: Economic Growth is Projected to Remain Resilient At 3.9%
-----------------------------------------------------------------
The Executive Board of the International Monetary Fund (IMF)
concluded the Article IV consultation with Grenada.

Through end-June 2024, Grenada's economy was experiencing sustained
strong growth supported by buoyant tourism, moderating inflation,
and a narrowing current account deficit. A surge in
Citizenship-by-Investment (CBI) revenue supported a strong
improvement in the fiscal position and reduction in public debt.
The financial system remained stable. On July 1, Hurricane Beryl
caused damage in excess of 16 percent of GDP on the Grenadian
islands of Carriacou and Petite Martinique, as well as in the
northern parishes of the main island. The authorities responded
swiftly with a package of fiscal measures, including suspension of
fiscal rules to permit temporary deficit spending in support of the
recovery and reconstruction.

Grenada's near-term economic growth is projected to remain
resilient at 3.9 percent in 2025, buoyed by limited hurricane
damages to tourism infrastructure and the authorities' large
recovery and reconstruction spending. Sizable government savings
and triggering of disaster-contingent instruments create fiscal
space for these spending needs. Assuming a subsequent timely return
to the fiscal rules, public debt is projected to continue falling
and reach the debt target of 60 percent of GDP by 2030.

Over the medium-term GDP growth is projected to slow given the
tourism sector operates near its peak-season capacity. Key downside
risks include the threat of further natural disasters, potential
shocks to tourism demand, and the uncertain scale of future CBI
inflows, while the domestic non-bank financial system faces rising
vulnerabilities from the continued rapid expansion of credit unions
and the rising costs of property insurance. Prospective hotel
developments and public investment projects represent upside risks
to the medium-term growth outlook.

                   Executive Board Assessment

Executive Directors agreed with the thrust of the staff appraisal.
They welcomed Grenada's robust economic performance in 2023 and the
first half of 2024, buoyed by strong tourism. Directors also
commended the authorities' swift and prudently tailored response to
Hurricane Beryl, which supported disaster-relief and helped
mitigate the impact on economic growth. Noting that the medium-term
outlook remains subject to risks from natural disasters, uncertain
Citizenship-by-Investment (CBI) flows, and other external shocks,
they encouraged the authorities to exercise continued fiscal
prudence and to pursue structural reforms to boost long-term growth
and enhance resilience, while leveraging Fund technical
assistance.

Directors welcomed Grenada's commitment to fiscal prudence and debt
sustainability and emphasized the importance of a timely return to
the suspended fiscal rules. In that context, they noted the need
for continued expenditure prioritization and revenue mobilization
to create fiscal space for future investment needs, including for
climate resilience. Further strengthening public investment
management and budget planning processes would also be important.
Directors also saw merit in developing a more uniform framework for
managing all CBI resources and encouraged continued progress in
resolving outstanding official arrears.

Directors welcomed the banking system's resilience despite repeated
shocks. They emphasized the need for vigilance and strengthened
oversight in the rapidly expanding credit union sector. Directors
encouraged strengthening data collection and regional collaboration
in the property insurance sector, given rising premiums. They also
agreed that further enhancements in the AML/CFT frameworks are
essential, including to safeguard correspondent banking
relationships.

Directors commended the authorities' implementation of Grenada's
Disaster Resilience Strategy including investments in a
risk-layering framework of disaster-contingency insurance and
financing instruments. Moving forward and noting the risk of future
natural disasters, they emphasized the importance of further
advancing the energy transition and investment in disaster
resilient infrastructure, with support from private financing.

Directors also encouraged sustained structural reform efforts to
foster long-term growth, including investing in active labor market
policies and continuing efforts to support off-season and niche
tourism. Addressing data gaps is also important.

It is expected that the next Article IV Consultation with Grenada
will be held on the standard 12-month consultation cycle.




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

JAMAICA: BOJ Accepts 270 Bids for its $46BB Certificate of Deposit
------------------------------------------------------------------
RJR News reports that the Bank of Jamaica says it received $62
billion in offers from local individuals, retail investors and
institutional investors for the $46 billion it wanted to mop-up.

Some 314 bids were received but only 270 were accepted, according
to RJR News.  The average yield was 6.02% per annum, the report
notes.

Meanwhile, the lowest bid was for US$20 million at 5.5% per annum,
while the highest bid was $500 million at 9% per annum, the report
adds.

                       About Jamaica

Jamaica is an island country situated in the Caribbean Sea. Jamaica
is an upper-middle income country with an economy heavily dependent
on tourism.  Other major sectors of the Jamaican economy include
agriculture, mining, manufacturing, petroleum refining, financial
and insurance services.

In October 2023, Moody's upgraded the Government of Jamaica's
long-term issuer and senior unsecured ratings to B1 from B2, and
senior unsecured shelf rating to (P)B1 from (P)B2. The outlook has
been changed to positive from stable.  In September 2023, S&P
Global Ratings raised its long-term foreign and local currency
sovereign credit ratings on Jamaica to 'BB-' from 'B+', and
affirmed its short-term foreign and local currency sovereign credit
ratings at 'B', with a stable outlook.  In September 2024, S&P
affirmed 'BB-/B' sovereign ratings on Jamaica and revised outlook
to positive.  In March 2022, Fitch Ratings affirmed Jamaica's
Long-Term Foreign Currency Issuer Default Rating (IDR) at 'B+'.
The Rating Outlook is Stable.




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

ERC MANUFACTURING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: ERC Manufacturing, Inc.
        Carr 814 KM 0.8
        Cedro Abajo
        Naranjito, PR 00719

Business Description: The Debtor owns the property located at Carr
                      814 Km 0.8 Cedro Abajo, Naranjito, Puerto
                      Rico, spanning 6,977.84 square meters.  It
                      includes a two-story commercial office
                      building, two metal concrete industrial
                      buildings, 28 parking spaces, two offices,
                      two terraces, two workshops, two mezzanines,
                      and two bathrooms.  The appraised value is
                      $213,000, as of July 27, 2016.

Chapter 11 Petition Date: February 4, 2025

Court: United States Bankruptcy Court
       District of Puerto Rico

Case No.: 25-00475

Debtor's Counsel: Juan C. Bigas, Esq.
                  JUAN C. BIGAS LAW
                  PO Box 7011
                  Ponce, PR 00732-7011
                  Tel: (787) 259-1000
                  Fax: (787) 842-4090
                  E-mail: cortequiebra@yahoo.com

Total Assets: $785,322

Total Liabilities: $1,599,734

The petition was signed by Axel Hiram Elias Cintron as president.

A full-text copy of the petition, which includes a list of the
Debtor's 20 largest unsecured creditors, is available for free on
PacerMonitor at:

https://www.pacermonitor.com/view/J5VI4PY/ERC_MANUFACTURING_INC__prbke-25-00475__0001.0.pdf?mcid=tGE4TAMA



                           *********


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