/raid1/www/Hosts/bankrupt/TCRLA_Public/220824.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

          Wednesday, August 24, 2022, Vol. 23, No. 163

                           Headlines



A R G E N T I N A

ARGENTINA: Subsidies Cut, Sharp Rises Coming for 4MM+ Households
ARGENTINA: Taps Ex-Central Banker to Craft Response to Crisis


B R A Z I L

GOL LINHAS: S&P Alters Outlook to Stable, Affirms 'CCC+' ICR


P U E R T O   R I C O

EMPACADORA Y PROCESADORA: Has Deal on Cash Collateral Access
STONEMOR INC: Incurs $17.3 Million Net Loss in Second Quarter


T R I N I D A D   A N D   T O B A G O

EASTERN CREDIT UNION: Slams CariCRIS Action


U R U G U A Y

URUGUAY: Seeks Brazilian Tourists to Fill Drop in Argentine Visitor

                           - - - - -


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A R G E N T I N A
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ARGENTINA: Subsidies Cut, Sharp Rises Coming for 4MM+ Households
----------------------------------------------------------------
Buenos Aires Times reports that officials from the Economy Ministry
laid out a new plan to slash utility subsidies for the nation's
highest earners while protecting low-income users, a move it helps
will boost efforts to reduce Argentina's fiscal deficit.

Around four million households will be hit with sharp rises
starting next month following the partial elimination of subsidies
for public utilities, according to the government, reports Buenos
Aires Times.  A total of 270,000 households will lose all gas
subsidies; some 400,000 will lose electricity subsidies; and 3.5
million will lose water tariff benefits from November, officials
announced, the report notes.

Argentina hopes to save some US$3.2 billion next year thanks to the
move, said Energy Secretary Flavia Royon at a long press
conference, the report relays.

Royon, who took office in a rejig following the arrival of new
Economy Minister Sergio Massa, described the move as "a very
important plan in terms of fiscal savings and fairer distribution
of subsidies," the report discloses.

The partial elimination of benefits will save 47.5 billion pesos
(US$340 million) by December this year and another 445 billion
pesos (US$3.178 billion at exchange rate) in 2023, the secretary
claimed, the report relays.

The official confirmed that new tariffs for gas and electricity
services would be applied from September, with those for water
beginning in November, the report notes.

The new scheme will see the wealthiest sectors of the population
stripped of subsidies, which will be maintained for the poorest and
gradually reduced for middle-income sectors, according to a
calculation based on a household's income and assets, the report
says.

Royon urged Argentines to use energy and water "efficiently and
sustainably," and said that the country is moving towards "a more
orderly state," the report discloses.

                      Sustaining Subsidies

The report relays that Subsidies for public services have been
maintained as government policy for years in inflation-wracked
Argentina, forcing the government to spend more and more to sustain
them.  In the case of water, for example, subsidies currently
represent 70 percent of the overall bill, the report relays.

In 2021, energy subsidies represented US$11 billion of expenditure,
equivalent to 2.3 percent of GDP, the report recalls.

The government is seeking to reduce its fiscal deficit as part of a
credit agreement with the International Monetary Fund, the report
discloses.  President Alberto Fernandez's government has a
commitment to reduce the fiscal deficit from three percent of GDP
in 2021 to 2.5 percent this year, 1.9 percent in 2023 and 0.9
percent in 2024, targets agreed with the multilateral lender
earlier this year, following the refinancing of Argentina's US$44.5
billion debt, contracted by former president Mauricio Macri's
government in 2018, the report notes.

Argentina is going through a deep exchange rate crisis and is
wracked by runaway inflation, the report relates.  Prices have
increased 46.2 percent this year so far already and the removal of
subsidies is a sensitive issue in a country where 37 percent of the
population already lives in poverty, the report notes.

                       'Efficient Use'

Royon said that the new policy prioritized "the efficient use of
resources by electricity and natural gas users" and that subsidies
should only "reach those who really need them," the report
relates.

Underlining that the new scheme would be introduced gradually, the
official also said the plan would "affect sectors with high
purchasing power" as well as households exceeding 400 kw in
electricity consumption and high-volume water users receiving a
total removal of subsidies, the report discloses.

Royon said that a total of 399,156 users would lose all electricity
subsidies, while some 3.5 million water users will lose all
benefits from November, the report says.  All changes would come
"in installments," with "only a portion of the population"
affected, the report relays.

"This is a distributive policy with a social sense," she added. "We
are working on data collection and we are working to identify
people who need state assistance and have not been able to fill out
the form," the report discloses.

Rejecting a description of the move as a "tarifazo," Hydrocarbons
Undersecretary Federico Bernal said in an interview that higher
costs to a household would depend on "whether a customer starts to
look at his meter," the report relays.

According to the official, the decision to apply a gradual
reduction of subsidies "is the first time it has been done in
Argentina, because it implies a segmentation policy for a new order
or tariff reordering and, at the same time, it allows savings and
an efficient use of resources" and state assistance to users, the
report adds.

                     About Argentina

Argentina is a country located mostly in the southern half of
South America.  Its 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.

Last March 25, 2022, Argentina finalized agreement with the IMF
for a new USD44 billion Extended Funding Facility (EFF) intended
to fund USD40 billion in looming repayments of the defunct
Stand-By Arrangement (SBA), with an extra USD4 billion in up-front
net financing. This has averted the risk of a default to the IMF
and is facilitating a parallel rescheduling of Paris  Club debt.

As reported by The Troubled Company Reporter - Latin America on
Aug. 12, 2022, S&P Global Ratings affirmed its foreign and
local-currency sovereign credit ratings of 'CCC+/C' on the
Republic
of Argentina. The outlook remains stable. S&P also affirmed its
national scale 'raBBB-' rating and its 'CCC+' transfer and
convertibility assessment. S&P said the stable outlook reflects
the challenges in managing pronounced economic imbalances ahead
of the 2023 national elections given disagreement on policy
within the government coalition and financing pressures in the
local market.

Last April 14, 2022, Fitch Ratings affirmed Argentina's Long-Term
Foreign and Local Currency Issuer Default Ratings (IDR) at 'CCC'.
Fitch said Argentina's 'CCC' ratings reflect weak external
liquidity and pronounced macroeconomic imbalances that undermine
debt repayment capacity, and uncertainty regarding how much
progress can be made on these issues under a new IMF program.
On July 19, 2022, Fitch Ratings placed Argentina's Long-Term
Foreign
Currency Issuer Default Rating (IDR) and Long-Term Local Currency
IDR Under Criteria Observation (UCO) following the conversion of
the agency's Exposure Draft: Sovereign Rating Criteria to final
criteria. The UCO assignment indicates that ratings may change as
a direct result of the final criteria. It does not indicate a
change in the underlying credit profile, nor does it affect
existing Rating Outlooks.

Moody's credit rating for Argentina was last set at Ca on
Sept. 28, 2020.

DBRS has also confirmed Argentina's Long-Term Foreign Currency
Issuer Rating at CCC and Long-Term Local Currency Issuer Rating at
CCC (high) on July 21, 2022.

ARGENTINA: Taps Ex-Central Banker to Craft Response to Crisis
-------------------------------------------------------------
globalinsolvency.com, citing Bloomberg News, reports that Argentine
Economy Minister Sergio Massa tapped veteran economist Gabriel
Rubinstein as secretary of economic planning, to help craft the
policy response to a currency slump and the fastest inflation in
three decades.

Rubinstein, who has long run his own consulting firm, served on the
central bank's board during the administration of late President
Nestor Kirchner in 2005, among other government roles, according to
globalinsolvency.com.

Massa, a career politician, was sworn in earlier this month, the
report notes.  

As a widely-respected economist, Rubinstein will play a key role in
Argentina's talks with staff from the International Monetary Fund
over the government's $44 billion program, the report relays.

The government expects the second review of the program to conclude
this month. Before joining the economic team, he had called on the
government to balance its budget and boost its credibility in order
to increase foreign reserves and keep "responsible" debt levels,
the report discloses.

"Under such conditions, inflation could start to stabilize at
reasonable levels," he wrote on Twitter on Aug. 1, the report
relays. "Otherwise, the risk of hyperinflation will keep knocking
at our door."

Rubinstein fills the last major role left after Massa announced the
majority of his new economic team earlier this month, the report
notes.  He joins a cast of officials, such as debt adviser Daniel
Marx and Production Secretary Jose de Mendiguren, who first held
policy roles roughly 20 years ago, the report adds.

                     About Argentina

Argentina is a country located mostly in the southern half of
South America.  Its 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.

Last March 25, 2022, Argentina finalized agreement with the IMF
for a new USD44 billion Extended Funding Facility (EFF) intended
to fund USD40 billion in looming repayments of the defunct
Stand-By Arrangement (SBA), with an extra USD4 billion in up-front
net financing. This has averted the risk of a default to the IMF
and is facilitating a parallel rescheduling of Paris  Club debt.

As reported by The Troubled Company Reporter - Latin America on
Aug. 12, 2022, S&P Global Ratings affirmed its foreign and
local-currency sovereign credit ratings of 'CCC+/C' on the
Republic
of Argentina. The outlook remains stable. S&P also affirmed its
national scale 'raBBB-' rating and its 'CCC+' transfer and
convertibility assessment. S&P said the stable outlook reflects
the challenges in managing pronounced economic imbalances ahead
of the 2023 national elections given disagreement on policy
within the government coalition and financing pressures in the
local market.

Last April 14, 2022, Fitch Ratings affirmed Argentina's Long-Term
Foreign and Local Currency Issuer Default Ratings (IDR) at 'CCC'.
Fitch said Argentina's 'CCC' ratings reflect weak external
liquidity and pronounced macroeconomic imbalances that undermine
debt repayment capacity, and uncertainty regarding how much
progress can be made on these issues under a new IMF program.
On July 19, 2022, Fitch Ratings placed Argentina's Long-Term
Foreign
Currency Issuer Default Rating (IDR) and Long-Term Local Currency
IDR Under Criteria Observation (UCO) following the conversion of
the agency's Exposure Draft: Sovereign Rating Criteria to final
criteria. The UCO assignment indicates that ratings may change as
a direct result of the final criteria. It does not indicate a
change in the underlying credit profile, nor does it affect
existing Rating Outlooks.

Moody's credit rating for Argentina was last set at Ca on
Sept. 28, 2020.

DBRS has also confirmed Argentina's Long-Term Foreign Currency
Issuer Rating at CCC and Long-Term Local Currency Issuer Rating at
CCC (high) on July 21, 2022.



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B R A Z I L
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GOL LINHAS: S&P Alters Outlook to Stable, Affirms 'CCC+' ICR
------------------------------------------------------------
On Aug. 22, 2022, S&P Global Ratings revised its outlook on
Brazil-based airline Gol Linhas Aereas Inteligentes S.A. (Gol) to
stable from positive and affirmed its global scale 'CCC+' issuer
credit rating on the company. S&P lowered the national scale issuer
credit rating on Gol to 'brBB' from 'brBB+'. It also affirmed its
'CCC+' issue-level rating on the senior unsecured notes and kept
the '4' recovery rating unchanged, indicating its expectation of
average (30%-50%; rounded estimate: 30%) recovery in the event of a
payment default.

The stable outlook incorporates S&P's expectation of improved
performance and leverage metrics in 2023 but also considerable free
cash flow deficits and very high leverage of more than 6.0x through
2023.

Despite the absence of sizeable short-term maturities, a
slower-than-expected recovery in margins and limited access to
capital markets have heightened cash-flow risks. While during the
first seven months of 2022, Gol's available seat kilometers (ASK)
and revenue passenger kilometers (RPK) rebounded considerably, the
pace has been slower than S&P's expectations last year. This,
coupled with much higher fuel costs, will result in EBITDA of R$2.0
billion, down from our forecast of R$3.4 billion.

As of July 2022, Gol's domestic RPK jumped 52.4% and ASK by 58.3%.
S&P said, "We expect both metrics to rise 52%-55% and 40%-44% for
2022, but demand and capacity to be still about 20% lower than 2019
levels. We forecast domestic air travel to reach pre-pandemic
levels in 2023, but the international one might do so only by the
end of 2024. Sound demand for domestic air travel, a more rational
capacity management among all players, and gradual recovery of
corporate travel have allowed Gol to increase fares substantially
in 2022. We believe the much higher fares will partly offset the
higher costs related mostly to the sharp jump in fuel prices and
inflationary pressures on other costs. Amid much higher crude oil
prices and jet-fuel crack spreads at historically-high levels, we
estimate average fuel price per ASK will jump 58%-60% while revenue
per available seat kilometers (RASK) by 30%-32% in 2022. We expect
very strong top-line performance this year, with revenue soaring
about 105%, but we now expect EBITDA margins to drop to 13%-14%
from about 25% in our projections last year. As a result, cash-flow
generation and leverage metrics will be weaker. We now expect debt
to EBITDA to be about 11x and funds from operations (FFO) to debt
of about 1.5% in 2022 and the former ratio would only fall to more
sustainable levels of 6x-7x by the end of 2023."

Fears of an economic slowdown as central banks increase interest
rates in response to high inflation, along with a strong U.S.
dollar, and the resulting rapid increases in interest rates are
tightening funding conditions for issuers. As a result, investors'
risk aversion has increased, while access to credit markets for
high-yield issuers in emerging markets has been very limited so far
during the year. In response, has opted for a very rational
capacity management, attempting to keep yields high and to protect
cash. Additionally, the company focuses on working capital
preservation and on trimming capital expenditures (capex). All
these efforts, coupled with the capital increase under Gol's
expanded codeshare agreement with American Airlines, have allowed
Gol to maintain cash burn at minimum levels (R$92 million in the
first half of 2022). S&P said, "We estimate that Gol's cash
position will be sufficient at year-end. However, our base-case
scenario assumes that the company would need additional financing
during 2023. Despite expectations for improved operating
performance, margins, and EBITDA, we forecast a cash-flow deficit
amid operational revamp and because of high renegotiated lease
expenses, reduction of payables and other accumulated liabilities
during the past two years, maintenance, fleet transformation, and
other capex needs."

ESG credit indicators: E-3, S-5, G-2

S&P said, "Social factors are a very negative consideration in our
credit analysis of Gol, because of the pandemic-related financial
hit. Its EBITDA and cash flows eroded and the company's adjusted
debt has increased almost 23% since December 2019 to protect
liquidity and fund operations during the pandemic. On the other
hand, that only about 8% of Gol's pre-pandemic business consisted
of international travel has allowed for a faster capacity and
revenue recovery. However, we expect Gol to maintain high leverage,
with debt to EBITDA above 6x through 2023. Environmental factors
are a moderately negative consideration in our credit rating
analysis of Gol." All airlines face long-term risk from potentially
tighter GHG emissions regulation. Gol's average fleet age of about
11 years is in line with global average, but older than some of
those of regional players. However, Gol is accelerating its fleet
renewal plan to replace Boeing 737 NGs with 737 MAX, which will
reduce fuel consumption, GHG emissions, and the average fleet age.




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P U E R T O   R I C O
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EMPACADORA Y PROCESADORA: Has Deal on Cash Collateral Access
------------------------------------------------------------
Empacadora y Procesadora del Sur, Inc. and Banco Popular de Puerto
Rico advised the U.S. Bankruptcy Court for the District of Puerto
Rico that they have reached an agreement regarding the Debtor's use
of cash collateral and now desire to memorialize the terms of this
agreement into an agreed order.

The Parties have negotiated and agreed to a further extension of
the First Stipulation Extension up to and including September 30,
2022, pursuant to the Budget.

During the period, the Debtor will be authorized to use the cash
collateral solely to satisfy the permitted expenditures detailed
and described in the Budget. BPPR's consent to the use of cash
collateral and the Debtors' right to use the cash collateral on a
consensual basis terminates automatically on the earlier of: (a)
the occurrence of an Event of Default; or, (b) September 30, 2022,
in the event the Parties are unable to reach a written agreement to
further extend the Stipulation.

For the period of July 31, 2022, through September 30, 2022, the
Debtors will make three monthly adequate protection payments to
BPPR in the amount of $24,907 on the last day of each month,
namely, July 31, 2022, August 31, 2022, and September 30, 2022,
which will be applied to the principal balance of the Loan.

A copy of the stipulation is available at https://bit.ly/3pkidu7
from PacerMonitor.com.

           About Empacadora Y Procesadora Del Sur, Inc.

Empacadora Y Procesadora Del Sur, Inc. sought protection under
Chapter 11 of the U.S. Bankruptcy Code (Bankr. D.P.R. Case No.
22-00354) on February 15, 2022. In the petition signed by Carlos C.
Rodriguez Alonso, president, the Debtor disclosed $11,604,565 in
assets and $10,598,204 in liabilities.

Alexis Fuentes Hernandez, Esq., at Fuentes Law Office represents
the Debtor as counsel.



STONEMOR INC: Incurs $17.3 Million Net Loss in Second Quarter
-------------------------------------------------------------
StoneMor Inc. filed with the Securities and Exchange Commission its
Quarterly Report on Form 10-Q reporting a net loss of $17.26
million on $80.05 million of total revenues for the three months
ended June 30, 2022, compared to a net loss of $35.39 million on
$82.98 million of total revenues for the three months ended June
30, 2021.

For the six months ended June 30, 2022, the Company reported a net
loss of $29.50 million on $161.02 million of total revenues
compared to a net loss of $40.01 million on $161.29 million of
total revenues for the six months ended June 30, 2021.

As of June 30, 2022, the Company had $1.80 billion in total assets,
$1.97 billion in total liabilities, and a total stockholders'
deficit of $174.67 million.

Joe Redling, StoneMor's president and chief executive officer said,
"During the second quarter of 2022, our teams continued to deliver
strong sales production performance, even as we faced tough
comparisons after our record performance throughout 2021.
Specifically, our cemetery sales production grew 6.5% in the second
quarter of 2022, compared with the same quarter of 2021, including
12% growth related to our pre-need sales production.  We continue
to focus on managing our costs to combat the inflationary pressures
from suppliers and managing certain extraordinary costs associated
with our various corporate initiatives that have had a negative
impact on our performance."

As of June 30, 2022, the Company had $83.3 million of cash,
including $12.0 million of restricted cash, and $392.6 million of
total debt.

"Through the second quarter, we remain confident that we will meet
or exceed our previously announced 2022 annual guidance targets for
organic growth in our trusts of $70 million and unlevered free cash
flow of $40 million," said Jeff DiGiovanni, StoneMor's senior vice
president and chief financial officer.  "For the six months ended
June 30, 2022, we generated $36.6 million in organic trust growth,
which excluded $10.3 million in trust funds added through our
recent acquisitions, as well as $17.6 million in unlevered free
cash flow."

A full-text copy of the Form 10-Q is available for free at:

https://www.sec.gov/ix?doc=/Archives/edgar/data/1753886/000095017022017101/ston-20220630.htm

                        About StoneMor Inc.

StoneMor Inc. (http://www.stonemor.com),headquartered in Bensalem,
Pennsylvania, is an owner and operator of cemeteries and funeral
homes in the United States, with 304 cemeteries and 72 funeral
homes in 24 states and Puerto Rico.  StoneMor's cemetery products
and services, which are sold on both a pre-need (before death) and
at-need (at death) basis, include: burial lots, lawn and mausoleum
crypts, burial vaults, caskets, memorials, and all services which
provide for the installation of this merchandise.

StoneMor reported a net loss of $55.28 million for the year ended
Dec. 31, 2021, a net loss of $8.36 million for the year ended Dec.
31, 2020, and a net loss of $151.94 million for the year ended Dec.
31, 2019.  As of March 31, 2022, the Company had $1.78 billion in
total assets, $1.94 billion in total liabilities, and a total
stockholders' deficit of $157.48 million.




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T R I N I D A D   A N D   T O B A G O
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EASTERN CREDIT UNION: Slams CariCRIS Action
-------------------------------------------
Trinidad Express reports that Caribbean Information & Credit Rating
Services Ltd (CariCRIS), has placed Eastern Credit Union
Co-operative Society Ltd (ECU) on Rating Watch - Developing.

However, deputy chief executive officer Kester Lashley, described
the action as unfortunate and it should not have been ventilated in
the public space, according to Trinidad Express.

A CariCRIS rating is placed on Rating Watch - Developing when
events occur that may affect the credit quality of the
issuer/issue, the impact of which cannot be accurately assessed at
that point in time, the report notes.  A rating placed under Rating
Watch does not imply that the rating will necessarily change, the
report relays.

In a news release, CariCRIS said this rating action was taken as a
result of ECU's lack of co-operation with providing key information
requested to facilitate the completion of CariCRIS' annual rating
surveillance report for the 2021/22 period, despite its several
attempts to obtain the same, the report says.  Furthermore, it said
based on recent media releases, CariCRIS notes that there may be
potential legal matters with ECU executives ongoing as well as
investigations into its operations by the Commissioner of
Co-operative, the report notes.

"We are concerned that these developments could adversely impact
the credit union's stability and financial performance going
forward.  CariCRIS will continue to liaise with ECU's personnel
over the coming weeks to obtain the requested information and to
determine the impact of recent events on ECU's creditworthiness and
adjust our ratings accordingly," the rating agency highlighted, the
report discloses.

Speaking to the Express, deputy chief executive officer Kester
Lashley said the credit union viewed the news release with great
disappointment, the report notes.

Lashley pointed out that ECU is not under investigation or has any
legal matters pending as stated by the rating agency, the report
relays.

He also noted that CariCRIS assigns credit ratings, which rate a
debtor's ability to repay debt, the report discloses.

"It should be noted that ECU is a Co-operative Society whose
members are its investors and does NOT require third party
financing. As such ECU has NO obligation or requirement to
participate in this process. That notwithstanding, ECU engaged
CariCRIS for this annual surveillance process on its own as a
conduit to portraying the strength and the stability of the
organisation," he stressed, the report relays.

               Did CariCRIS follow protocol?

Further, in a news release from the credit union, it said ECU has
always co-operated with CariCRIS's process and has never refused to
provide information, the report relays.

The credit union said it will make every effort to continue to
co-operate with CariCRIS to provide information within their
timeframes, the report notes.  "ECU noted however, that this last
iteration of the rating process proved to be different from other
assessments performed previously, the report discloses.  ECU had
great difficulty with the process and felt that the process was not
pertinent to the Credit Union sector," the release said, the report
relays.

ECU expounded that it is concerned with CariCRIS's decision to
release this statement without making every effort to discuss its
contents with the organisation as was the usual protocol in the
past, the report notes.

"CariCRIS also chose to utilise information contained in newspaper
articles without verification, which was also used in their
analysis of ECU to deliver the current rating, an action ECU deems
as unprofessional and contributes to a lack of integrity of the
process," the report relays.

The credit union added that it's now concerned with any rating that
CariCRIS applies to any organization and would review their
contract with CariCRIS for any potential breaches and available
legal remedies, the report relates.

ECU's current rating with this agency is CariBB+ (Foreign and Local
Currency Ratings) on the regional scale and ttBB+ on the Trinidad
and Tobago national scale with a stable outlook.

The Express reached out to the Minister in the Ministry of Finance
Brian Manning, however, he said he wished not to comment at this
time, the report notes.

The Express also contacted the Banking, Insurance, and General
Workers' Union (BIGWU) the representing union for ECU and the
president Mario Als said this development is quite concerning,
because when such a rating is given to an organization, it suggests
that things can become worse, the report relates.

"There is a need for a proper evaluation to be done at ECU and
their operations, which I understand is being done by the
Commissioner of Co-operatives. We are keeping a close eye on the
issue, as we must protect our membership," Als said, the report
notes.

He added that while BIGWU will bring this situation up with
management, they are under no obligation to respond to matters,
which does not fall under their recognition status, but the union
will address it in the best way they can, the report adds.



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U R U G U A Y
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URUGUAY: Seeks Brazilian Tourists to Fill Drop in Argentine Visitor
-------------------------------------------------------------------
Rocco Caldero at Rio Times Online reports that Uruguay began to
look for Brazilian tourists to compensate for the drop in Argentine
visitors due to the economic situation in the southern country,
with a series of meetings and business rounds in the South American
giant that began on August 18, in Sao Paulo.


                           *********


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 2022.  All rights reserved.  ISSN 1529-2746.

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