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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

          Friday, October 1, 2021, Vol. 22, No. 191

                           Headlines



A R G E N T I N A

ARGENTINA: Economy Shrank in Second Quarter Amid Worst Covid Wave
ARGENTINA: IDB OKs San Jose $58M Loan to Promote MSMEs Recovery


B R A Z I L

BRAZIL: Economic Performance Been Better Than Expected, IMF Says
BRAZIL: Threatens to Reduce Ethanol Blend
PETROLEO BRASILEIRO: CNOOC Expresses Interest in Buzios Field


P U E R T O   R I C O

AUTO MASTER EXPRESS: Taps Carlos Alberto Ruiz as Legal Counsel
MORE AUTOMOTIVE: Unsecureds Owed $10K+ to Recover 100% in 84 Mos


X X X X X X X X

LATAM: Export Sector Optimistic, IDB Survey Shows

                           - - - - -


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

ARGENTINA: Economy Shrank in Second Quarter Amid Worst Covid Wave
-----------------------------------------------------------------
Buenos Aires Times reports that Argentina's economy contracted in
the second quarter as the country's worst wave of the pandemic
reduced activity and government trade restrictions cooled relations
with the private sector.

Gross domestic product fell 1.4 percent in the second quarter of
2021 compared to the previous period, compared with economists'
expectations of a 1.6 percent decline, according to Buenos Aires
Times.  From a year ago, GDP rose 17.9 percent as a result of the
base effect from the beginning of the pandemic in Argentina,
according to government data published by the INDEC national
statistics bureau, the report notes.

Consumer spending and exports expanded during the quarter, while
imports and capital investment weighed down output, the report
relays.  A surge in Covid-19 cases from April to June forced
President Alberto Fernandez to return to a strict lockdown and halt
some activities, the report discloses.  Elevated inflation, an
erratic policy mix and a temporary full ban on beef exports
undercut the business climate too, the report says.

The economy's slump comes as Fernandez's government is trying to
resurrect its election odds ahead of a general midterm vote
November 14, the report relays.  His ruling coalition lost the
September 12 primary elections, exposing tensions within his
coalition and forcing him to overhaul his Cabinet, the report
notes.

His administration announced borders would gradually reopen to
tourists starting in October, while Argentines don't need to wear
facemasks outdoors anymore, the report relates.

After three years of recession, economists expect Argentina's
economy to grow 7.2 percent this year, according to the Central
Bank's monthly survey, the report adds.

                        About Argentina

Argentina is a country located mostly in the southern half of South
America.  It's capital is Buenos Aires. Alberto Angel Fernandez is
the current president of Argentina after winning the October 2019
general election. He succeeded Mauricio Macri 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.

Standard & Poor's credit rating for Argentina stands at CCC+ with
stable outlook, which was a rating upgrade issued on Sept. 8,
2020.

Moody's credit rating for Argentina was last set at Ca on Sept. 28,
2020.  Fitch's credit rating for Argentina was last reported on
Sept. 11, 2020 at CCC, which was a rating upgrade from CC.  DBRS'
credit rating for Argentina is CCC, given on Sept. 11, 2020.  

As reported by The Troubled Company Reporter - Latin American, DBRS
noted that the recent upgrade in Argentina's ratings (September
2020) follows the closing of two debt restructuring agreements
between the Argentine government and private creditors.  The first
restructuring involved $65 billion in foreign-law bonds.  The deal
achieved the requisite participation necessary to trigger the
collective action clauses and finalize the restructuring on 99% on
the aggregate principal outstanding of eligible bonds.  DBRS added
that the debt restructurings conclude a prolonged default and
provide the government with substantial principal and interest
payment relief over the next four years.

DBRS further relayed that Argentina is also seeking a new agreement
with the International Monetary Fund (IMF) to replace the canceled
2018 Stand-by Agreement.  Formal negotiations on the new financing
began in November 2020.  Obligations to the IMF amount to $44
billion, with major repayments coming due in 2022 and 2023.


ARGENTINA: IDB OKs San Jose $58M Loan to Promote MSMEs Recovery
---------------------------------------------------------------
The Inter-American Development Bank (IDB) has approved a $58
million loan to support production recovery in Argentina's San Juan
Province following the impact of COVID-19. The loan will provide
productive financing for the recovery and sustainability of micro,
small, and medium-sized enterprises (MSMEs) that generate
employment in the province.

The project will benefit MSMEs in sectors targeted by the San Juan
2030 Strategic Plan, including agriculture, industry, commerce,
research/development/innovation (R+D+I), construction, tourism,
renewable energies, knowledge economy, services, and logistics.

The loan will be channeled through eligible intermediary financial
institutions by means of a competitive auction mechanism. This will
ensure that at least 25 percent of the portfolio will be earmarked
for women-led or women-owned companies, and at least 15 percent
will be used for green investments contributing to climate change
mitigation or adaptation.

The IDB will also provide non-financial support to boost the
ability of the province's MSMEs to access productive financing,
including technical assistance to the Agencia San Juan de
Desarrollo de Inversiones (San Juan Investment Development Agency),
as well as nonreimbursable contributions to beneficiary MSMEs.

Technical assistance will include diagnostic assessments and
projects with priority supply chains to help identify actions in
support of beneficiary MSMEs; action plans to close the gaps in
financing and digitalization of businesses that have been
identified in diagnostic assessments (especially those related to
the gender gap); and implementing a monitoring system to track the
use of loans issued for green investments.

Nonreimbursable contributions will target beneficiary MSMEs or
associated groups to execute projects identified in implemented
studies, including actions to bridge the gender gap, promote green
investments, and foster the digitalization of businesses.

This operation is in line with the priorities of the IDB's Vision
2025 , an agenda to promote economic recovery and inclusive growth
of Latin America and the Caribbean in the areas of MSMEs
digitalization, climate change, gender and inclusion, and regional
integration.

The IDB's $58 million loan is for a 25-year term with a 5.5-year
grace period and an interest rate based on LIBOR. The government of
Argentina will provide an additional $10 million in local
counterpart funding.

                      About Argentina

Argentina is a country located mostly in the southern half of South
America.  It's capital is Buenos Aires. Alberto Angel Fernandez is
the current president of Argentina after winning the October 2019
general election. He succeeded Mauricio Macri 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.

Standard & Poor's credit rating for Argentina stands at CCC+ with
stable outlook, which was a rating upgrade issued on Sept. 8,
2020.

Moody's credit rating for Argentina was last set at Ca on Sept. 28,
2020.  Fitch's credit rating for Argentina was last reported on
Sept. 11, 2020 at CCC, which was a rating upgrade from CC.  DBRS'
credit rating for Argentina is CCC, given on Sept. 11, 2020.  

As reported by The Troubled Company Reporter - Latin American, DBRS
noted that the recent upgrade in Argentina's ratings (September
2020) follows the closing of two debt restructuring agreements
between the Argentine government and private creditors.  The first
restructuring involved $65 billion in foreign-law bonds.  The deal
achieved the requisite participation necessary to trigger the
collective action clauses and finalize the restructuring on 99% on
the aggregate principal outstanding of eligible bonds.  DBRS added
that the debt restructurings conclude a prolonged default and
provide the government with substantial principal and interest
payment relief over the next four years.

DBRS further relayed that Argentina is also seeking a new agreement
with the International Monetary Fund (IMF) to replace the canceled
2018 Stand-by Agreement.  Formal negotiations on the new financing
began in November 2020.  Obligations to the IMF amount to $44
billion, with major repayments coming due in 2022 and 2023.




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

BRAZIL: Economic Performance Been Better Than Expected, IMF Says
----------------------------------------------------------------
The Executive Board of the International Monetary Fund (IMF), on
Sept. 10, 2021, concluded the Article IV consultation with Brazil.

Economic performance has been better than expected, in part due to
the authorities' forceful policy response. GDP regained its
pre-pandemic level in 2021Q1 and momentum continues to be
favorable, supported by booming terms of trade and robust private
sector credit growth.

Tragically, the COVID-19 pandemic has claimed the lives of more
than 550,000 Brazilians. Renewed lockdowns following a severe
second COVID-19 wave early this year and the rollout of vaccination
have helped bring down infections since April, with new daily
COVID-19 cases and deaths falling significantly from their peaks.
The government has procured sufficient doses to inoculate the adult
population in 2021, with the most vulnerable population expected to
be fully inoculated by the end of the year.

Real GDP is projected to grow by 5.3 percent in 2021. An improving
labor market and high levels of household savings will support
consumption and, as vaccinations continue, pent-up demand will
return for in-person services. Depleted inventories will be rebuilt
and the upswing in commodity prices will support new investment.
Inflation is expected to fall steadily from recent peaks toward the
mid-point of the target range by end-2022. After jumping to 99
percent of GDP in 2020, public debt is expected to drop sharply to
92 percent of GDP in 2021 and remain around that level over the
medium-term. Uncertainty around the outlook is exceptionally high
but risks to growth are viewed as being broadly balanced.

Key challenges remain. Currency depreciation and a surge in
commodity prices have fed into headline inflation and inflation
expectations even as the output gap remains negative. The labor
market is lagging the recovery in output, and the unemployment rate
is high, especially among youths, women, and afro-Brazilians.
Emergency cash transfers will eventually expire and, in the absence
of a permanent strengthening of the social safety net, poverty and
inequality could become more acute. Near term fiscal risks are low,
but the high level of public debt continues to pose medium-term
risks . Restoring high and sustained growth, increasing employment,
raising productivity, improving living standards, and reducing
vulnerabilities will require policy efforts to eliminate
bottlenecks and foster private sector-led investment.

                  Executive Board Assessment

Executive Directors commended the Brazilian authorities for their
decisive policy response to the COVID-19 shock, which significantly
reduced the severity of the 2020 recession and cushioned its impact
on the poor and vulnerable while setting the stage for a strong
recovery in 2021. Directors welcomed the momentum of institutional
reforms, despite the pandemic, to create the foundations for a more
competitive economy. However, the pandemic has exacerbated
long-standing challenges to higher growth and socio-economic
inclusion. Further policy efforts are needed to bolster market
confidence, foster private-sector-led investment, and strengthen
the medium-term outlook.

Directors agreed that fiscal policy should focus on rebuilding
buffers and reducing budget rigidities to create space for public
investment and a stronger social safety net. The expenditure
ceiling has played an important role in maintaining market
confidence and continued adherence to the rule is necessary to
reduce public debt. Comprehensive tax reform should aim to increase
progressivity, simplify the system, and improve resource
allocation. The tax reform should include a bold plan to scale back
tax expenditures to frontload the benefits to equity and
efficiency. Directors encouraged the authorities to adopt a more
robust medium-term fiscal framework and strengthen subnational
finances. These measures would help enhance fiscal credibility,
reduce fiscal risks, and improve the capacity of the government to
manage adverse shocks.

Directors supported the ongoing steady tightening of monetary
policy to address rising inflation and keep inflation expectations
well-anchored. Given the uncertainty around the outlook, policy
would need to continue being data dependent, complemented with
proactive communication and clear forward guidance. Directors
welcomed the authorities' commitment to a flexible exchange rate
and to limit intervention to countering disorderly market
conditions.

Directors noted that the banking system has been resilient and has
supported the recovery. They agreed that a gradual phasing out of
crisis-related financial support is appropriate and endorsed the
authorities' efforts to enhance financial inclusion and promote
competition in the banking system.

Directors welcomed the ambitious supply-side reform agenda aimed at
boosting productivity, potential growth, and living standards.
Concerted action is needed to liberalize foreign trade and product
markets, increase formal labor market flexibility, and improve
governance. Strengthening the effectiveness and predictability of
the anti-corruption and AML/CFT frameworks remains critical. Steps
are also needed to further improve the environment for private
sector investment.

Directors welcomed initiatives to foster environmentally
sustainable activities in response to climate-related risks. Many
Directors encouraged closer collaboration between the authorities
and staff to analyze climate-related risks in macroeconomic
assessments and evaluations of financial stability.

                         About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas.  Jair Bolsonaro is the current president, having
been sworn in on Jan. 1, 2019.

Fitch Ratings' credit rating for Brazil stands at 'BB-' with a
negative outlook (November 2020).  Fitch's 'BB-' Long-Term Foreign
and Local Currency Issuer Default Ratings (IDRs) has been affirmed
in May 2021.  Standard & Poor's credit rating for Brazil stands at
BB- with stable outlook (April 2020).  S&P's 'BB-/B' long-and
short-term foreign and local currency sovereign credit ratings for
Brazil were affirmed in December 2020.  Moody's credit rating for
Brazil was last set at Ba2 with stable outlook (April 2018). DBRS's
credit rating for Brazil is BB (low) with stable outlook (March
2018).


BRAZIL: Threatens to Reduce Ethanol Blend
-----------------------------------------
Argus Media reports that President Jair Bolsonaro blamed Brazil's
anhydrous ethanol blend for high gasoline prices, hinting that he
could push to reduce the blend, in yet another potential blow to
the biofuels industry.

In his weekly broadcast on social media, Bolsonaro said that "the
price of gasoline could fall a little if the level of ethanol in
gasoline is lowered," according to Argus Media.

Under current legislation, the government's inter-ministerial
committee for sugar and ethanol (Cima) has the authority to
establish the anhydrous blend at 18-27pc, the report notes.

Bolsonaro said that gasoline costs "an average of R2 ($0.37/liter)
at the refinery, adding that the "prices increase because ethanol
is added," the report discloses.

The discussion regarding the possible reduction in the ethanol
blend, currently at 27pc for E27 gasoline, comes after the
biodiesel industry has faced a series of reductions in the
mandatory blend in response to broader government concerns about
rising fuel prices, the report relates.

The Bolsonaro administration has lowered the biodiesel blend, used
for trucks and farm machinery, on several occasions over the past
year. Earlier this month, the national energy policy council (CNPE)
reduced the blending mandate for an October biodiesel auction to
supply the market in November and December to 10pc from 12pc, the
report relays.

Brazil's consumer price index (CPI) rose nearly 10pc in the
12-month period ending in August, the highest level for the month
in over two decades, largely on the back of rising energy prices,
the report says.

Mills in Brazil's center-south region have been maximizing
anhydrous production and production of the biofuel jumped by over
42pc in the second half of August to 941mn l (394,580 b/d),
compared to 661mn l in the same period of 2020. The price of
anhydrous ethanol rose 84pc over the same period in the
center-south producer region, to a monthly average of R3,952/m(3)
ex-mill with taxes in August 2021, according to Argus data, the
report relays.

Brazilian fuel retailer association Fecombustiveis, which
represents over 40,000 filling stations, urged the government to
lower the anhydrous blend earlier this year, arguing that the
smaller sugarcane harvest would reduce supply of the biofuel, the
report adds.

                         About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas.  Jair Bolsonaro is the current president, having
been sworn in on Jan. 1, 2019.

Fitch Ratings' credit rating for Brazil stands at 'BB-' with a
negative outlook (November 2020).  Fitch's 'BB-' Long-Term Foreign
and Local Currency Issuer Default Ratings (IDRs) has been affirmed
in May 2021.  Standard & Poor's credit rating for Brazil stands at
BB- with stable outlook (April 2020).  S&P's 'BB-/B' long-and
short-term foreign and local currency sovereign credit ratings for
Brazil were affirmed in December 2020.  Moody's credit rating for
Brazil was last set at Ba2 with stable outlook (April 2018). DBRS's
credit rating for Brazil is BB (low) with stable outlook (March
2018).


PETROLEO BRASILEIRO: CNOOC Expresses Interest in Buzios Field
-------------------------------------------------------------
Petroleo Brasileiro S.A. - Petrobras, following up the release
disclosed on 08/24/2021, informs that partner CNOOC Petroleum
Brasil Ltda. (CNOOC) expressed interest in exercising the option to
purchase an additional share of 5% in the Production Sharing
Contract of the Transfer of Rights Surplus, for the Buzios field,
in the Santos Basin pre-salt area.

This purchase option was already provided for in the contract
signed with the partners in the bidding of the surplus volume to
the Transfer of Rights Agreement of the Buzios field, held on
11/06/2019. The company is still waiting for the position of CNODC
Brasil Petroleo e Gas Ltda. (CNODC).

The estimated amount to be received by Petrobras in cash at the
closing of the transaction for CNOOC's portion, based on the R$
5.42/US$ exchange rate, will be US$ 2.08 billion, of which: (1) US$
1.45 billion for the compensation, subject to the adjustments
provided for in the contract, which considers the same effective
date of the Buzios Coparticipation Agreement of 09/01/2021 and;
(ii) US$ 0.63 billion for the reimbursement of the signature bonus,
referring to CNOOC's additional participation. The amounts will be
updated until the closing date of the transaction.

The effectiveness of this transaction is subject to the approvals
by the Administrative Council for Economic Defense (CADE), the
National Agency of Petroleum, Natural Gas and Biofuels (ANP) and
the Ministry of Mines and Energy (MME).

Petrobras' production curve will only be impacted after the closing
of the transaction, with no expected impact on the 2021 production
target.

                       About Petrobras

Petroleo Brasileiro S.A. or Petrobras (in English, Brazilian
Petroleum Corporation - Petrobras) is a semi-public Brazilian
multinational corporation in the petroleum industry headquartered
in Rio de Janeiro, Brazil.  Petrobras control significant oil and
energy assets in 16 countries in Africa, the Americas, Europe and
Asia.  But, Brazil represents majority of its production.

The Brazilian government directly owns 54% of Petrobras' common
shares with voting rights, while the Brazilian Development Bank
and Brazil's Sovereign Wealth Fund (Fundo Soberano) each control
5%, bringing the State's direct and indirect ownership to 64%.

A corruption scandal was uncovered in 2014 that involved
Petrobras.  The scandal related to money laundering that involved
Petrobras executives.  The executives were alleged to get received
kickbacks from overpriced contracts, to the tune of about $3
billion in total.

S&P Global Ratings affirmed its 'BB-' global scale and its 'brAAA'
Brazilian national scale ratings on Petrobras on July 28, 2021.
Moody's Investors Service affirmed the 'Ba2' long term foreign
currency credit rating of Petrobras on August 23, 2019, with a
stable Outlook. Fitch revised outlook on Petrobras to negative and
affirmed 'BB-' long term foreign currency and local currency credit
ratings on May 7, 2020.




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

AUTO MASTER EXPRESS: Taps Carlos Alberto Ruiz as Legal Counsel
--------------------------------------------------------------
Auto Master Express, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to retain the legal services
of Carlos Alberto Ruiz, CSP in connection with a foreclosure case
filed against the company by Banco Popular de Puerto Rico in the
Puerto Rico Court of First Instance, Superior Court of Caguas.

The firm will charge an hourly fee of $200 for its services.  It
received a retainer of $2,000 from Auto Master Express.

Carlos Alberto Ruiz Rodriguez, Esq., the attorney who will be
handling the case, disclosed in a court filing that he is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Carlos Alberto Ruiz Rodriguez, Esq.
     Lcdo. Carlos Alberto Ruiz, CSP
     P.O. Box 1298
     Caguas, PR 00726-1298
     Tel: (787) 286-9775
     Fax: (787) 747-2174
     Email: carlosalbertoruizquiebras@gmail.com

                     About Auto Master Express

Auto Master Express Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 18-01464) on March 19,
2018, listing up to $500,000 in assets and up to $1 million in
liabilities.  Judge Enrique S. Lamoutte Inclan oversees the case.

Lcdo. Carlos Alberto Ruiz, CSP and Tamarez CPA, LLC serve as the
Debtor's bankruptcy counsel and accountant, respectively.

The court on Dec. 8, 2020 approved the Second Amended Small
Business Disclosure Statement and the Second Amended Small Business
Plan dated October 9, 2020.


MORE AUTOMOTIVE: Unsecureds Owed $10K+ to Recover 100% in 84 Mos
----------------------------------------------------------------
More Automotive Products, Inc., filed with the U.S. Bankruptcy
Court for the District of Puerto Rico a Disclosure Statement and
Plan of Reorganization dated September 21, 2021.

The Debtor was incorporated under the laws of the Commonwealth of
Puerto Rico on June 25, 1995.  As a result of Debtor's difficulties
in accessing Luis Munoz Marin International Airport due to a
partial final judgment entered by the Court of First Instance of
Puerto Rico, Carolina Section in the case styled Aerostar Airport
Holdings, LLC v. Debtor, Case No. FPE 2016-0189, with its adverse
effect on Debtor's cash flows, coupled with Debtor's loss of income
during 2020 due to the COVID-19 Pandemic.

In order to protect its assets and operations and financially
reorganize itself, on July 15, 2021, Debtor filed its voluntary
petition for relief under 11 U.S.C. Chapter 11 and as of that date
has been managing its affairs and operating its business as a
debtor-in-possession.

The Debtor reached an agreement with its secured creditor Firstbank
for the consensual use of the Cash Collateral during Debtor's
Chapter 11 case the case.

The Plan will treat claims as follows:

     * Class 1 consists of Secured Claim of Firstbank. Class 1 will
continue to be paid in accordance with the pre-petition contractual
terms of Debtor's credit facility with Firstbank. The arrears
thereunder, existing on the Petition Date, will be paid at the
maturity date of the credit facility. Firstbank will retain the
liens encumbering Debtor's assets under the security agreement with
Debtor until full payment of Firstbank's allowed secured claim.

     * Class 2 consists of Holders of Allowed General Unsecured
Claims of $10,000.00 or less. Holders of Allowed General Unsecured
Claims of $10,000.00 or less, will receive in full satisfaction of
their claims 100%, on the Effective Date. Class 2 is unimpaired
under the Plan and is not entitled to vote to accept or reject the
Plan.

     * Class 3 consists of Holders of Allowed General Unsecured
Claims in excess of $10,000.  Holders of Allowed General Unsecured
Claims in excess of $10,000, will be paid in full satisfaction of
their claims 100% through 84 equal consecutive monthly
installments, commencing on the Effective Date, with interest at
3.25% per annum or in the alternative Holders of Allowed General
Unsecured Claims that elect to reduced their claim to 50%, shall be
paid this reduced amount through 60 equal consecutive monthly
installment, commencing on the Effective Date, without interest.
Class 3 is impaired under the Plan and is entitled to vote to
accept or reject the Plan.

     * Class 4 consists of Holders of Allowed Cure Claims.  Holders
of Allowed Cure Claims arising from Assumed Executory Contracts,
will be paid in full satisfaction of their claims 100%, through 6
equal consecutive monthly installments of $40,743.50 each until
full payment, commencing on the Effective Date and continuing on
the last day of each of the following 5 months.  Class 3 is
impaired under the Plan and is entitled to vote to accept or reject
the Plan.

     * Class 5 consists of Interest Holders in the Debtor.  Class
5
Equity Holder will not receive any distribution under the Plan but
will retain their interests in Debtor unaltered. Class 5 is
unimpaired under the Plan.

Debtor will effect payment of Administrative Expense Claims and
Priority Tax Claims on the Effective Date.  Firstbank Secured
Claim, Allowed General Unsecured Claims and Allowed Cure Claims
will be paid from the cash flows generated from Debtor's operations
and the cash accumulated by Debtor during Debtor's Chapter 11
case.


A full-text copy of the Disclosure Statement dated September 21,
2021, is available at https://bit.ly/3lQu7de from PacerMonitor.com
at no charge.

Debtor's Counsel:

     Charles A. Cuprill-Hernandez, Esq.
     Charles A. Cuprill, P.S.C., Law Office
     356 Fortaleza St., Second Floor
     San Juan, PR 00901
     Tel.: 787-977-0515
     Fax: 787-977-0518
     Email: ccuprill@cuprill.com

                     About More Automotive

More Automotive Products, Inc., doing business as Dollar Rent a
Car, filed a Chapter 11 petition (Bankr. D.P.R. Case No. 21-02142)
on July 15, 2021. At the time of the filing, the Debtor had between
$10 million and $50 million in assets and liabilities.  Alberic
Colon Zambrana, president, signed the petition.

Judge Enrique S. Lamouttee Inclan oversees the case.

Charles A. Cuprill P.S.C. Law Offices serves as the bankruptcy
counsel while Saldana, Carvajal & Velez-Rive, P.S.C., serves as the
special counsel.  The Debtor's financial consultant is Luis R.
Carrasquillo & Co., P.S.C.




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

LATAM: Export Sector Optimistic, IDB Survey Shows
-------------------------------------------------
Rio Times Online reports that the export sector in Latin America
and the Caribbean improved "considerably" its short and medium-term
expectations after the covid-19 hit the economy, revealed a survey
by the Inter-American Development Bank (IDB).

A year and a half after the pandemic's start, which strongly
affected global trade flows, 47% of the region's exporting
companies considered that international demand would grow in the
next three months, and 57% said they expect to increase their
shipments in the coming year, according to Rio Times Online.



                           *********


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, Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A.
Chapman, Editors.

Copyright 2021.  All rights reserved.  ISSN 1529-2746.

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