/raid1/www/Hosts/bankrupt/TCRLA_Public/220915.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

          Thursday, September 15, 2022, Vol. 23, No. 179

                           Headlines



B R A Z I L

BRAZIL: Central Bank Not Focussed on Monetary Easing Now


C A Y M A N   I S L A N D S

BRIDGE GLOBAL: Chapter 15 Case Summary


C H I L E

LATAM AIRLINES: Starts Final Phase of Reorganization Process


G R E N A D A

GRENADA: Spending Millions to Continue Stimulus Package for MSMEs


P A R A G U A Y

PARAGUAY: Investment Forum Highlights Investment Opportunities


P E R U

PERU: Launches Economic Package Amid Worries of Slowing Growth


P U E R T O   R I C O

STONEMOR INC: Inks $45 Million Secured Revolving Credit Facility


V E N E Z U E L A

[*] VENEZUELA: Has Greatest Loss of Forest in the Amazon Region

                           - - - - -


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B R A Z I L
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BRAZIL: Central Bank Not Focussed on Monetary Easing Now
--------------------------------------------------------
globalinsolvency.com, citing Reuters, reports that Brazil's central
bank chief Roberto Campos Neto said that policymakers aren't
focusing on monetary easing at the moment as the priority remains
on bringing back inflation to the official target.

"We've been communicating that we don't look, don't think about
falling interest rates at this moment," Campos Neto said in a
speech at an event hosted by the Valor Econômico newspaper,
according to globalinsolvency.com.

"We think about finishing the work. Finishing the work means
converging inflation," he said, the report notes.  

The Brazilian central bank has hiked rates at 12 straight policy
meetings from a record-low 2% in March 2021, battling inflationary
pressures from global commodity prices which had been compounded by
an election-year spending spree by President Jair Bolsonaro, the
report relays.

Policymakers have been signaling a pause in the cycle at the Sept.
21 meeting, while still keeping the door open for another hike to
the benchmark Selic rate, now at 13.75%, if such a move is deemed
appropriate, the report discloses.  Campos Neto said the central
bank would assess the need for another rate at this month's policy
meeting, adding that the country will probably experience three
months of deflation, mainly due to the government's tax reduction
measures, the report relays.

Brazilian consumer prices fell in the month to mid-August, pushing
into deflation territory as transportation prices continue to fall
on the back of federal legislation cutting taxes on fuel and fresh
price cuts by state-run oil company Petrobras, the report says.

The rolling annual rate however remained high. Inflation hit 9.6%
in the 12 months to mid-August and private economists polled by the
central bank predict it will close the year at 6.6%, still far
above the official target of 3.5%, 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.

As reported in the Troubled Company Reporter-Latin America on
July 18, 2022, Fitch Ratings has affirmed Brazil's Long-Term
Foreign Currency Issuer Default Rating at 'BB-' and revised the
Rating Outlook to Stable from Negative.

On June 17, 2022, S&P Global Ratings affirmed its 'BB-/B' long-
and short-term foreign and local currency sovereign credit
ratings on Brazil.

Moody's Investors Service also affirmed on April 15, 2022,
Brazil's long-term Ba2 issuer ratings and senior unsecured bond
ratings, (P)Ba2 senior unsecured shelf ratings, and maintained the
stable outlook.

DBRS Inc. confirmed Brazil's Long-Term Foreign and Local Currency
Issuer Ratings at BB (low) on Aug 12, 2022. At the same time,
DBRS Morningstar confirmed the Federative Republic of Brazil's
Short-term Foreign and Local Currency Issuer Ratings.




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C A Y M A N   I S L A N D S
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BRIDGE GLOBAL: Chapter 15 Case Summary
--------------------------------------
Chapter 15 Debtor:        Bridge Global Absolute Return Funds SPC
                          Floor 4, Willow House, Cricket Square
                          Grand Cayman KY1-1112
                          Cayman Islands

Foreign Proceeding:       Grand Court of the Cayman Islands,
                          Financial Services Division

Chapter 15 Petition Date: August 31, 2022

Court:                    United States Bankruptcy Court
                          Southern District of Florida

Case No.:                 22-16816

Foreign Representatives:  Angela Barkhouse
                          George Kimberley Leck
                          142 Seafarers Way
                          George Town, Grand Cayman KY1-9006
                          Cayman Islands

Foreign
Representatives'
Counsel:                  Gregory S. Grossman, Esq.
                          Juan J. Mendoza, Esq.
                          Jennifer Mosquera, Esq.
                          SEQUOR LAW, P.A.
                          1111 Brickell Avenue, Suite 1250
                          Miami, FL 33131
                          Tel: (305) 372-8282
                          Email: ggrossman@sequorlaw.com
                                 jmendoza@sequorlaw.com
                                 jmosquera@sequorlaw.com

Estimated Assets:         Unknown

Estimated Liabilities:    Unknown

A full-text copy of the Chapter 15 petition is available for free
at PacerMonitor.com at https://bit.ly/3eFobUn




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C H I L E
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LATAM AIRLINES: Starts Final Phase of Reorganization Process
------------------------------------------------------------
LATAM Group said Sept. 6, 2022, it began the final phase of its
reorganization under Chapter 11 in the United States. By filing an
essential fact with the Financial Market Commission (CMF) in Chile,
the Group disclosed that it has registered 605,801,285,307 LATAM
shares in the Securities Registry of the CMF, corresponding to the
capital increase and the three classes of convertible bonds that
were approved at the Extraordinary Shareholders' Meeting in July.

"With the registration by the CMF of the instruments approved in
the restructuring plan, we are now taking the final step in our
Chapter 11 process, with a view to emerge no later thanNovember,
well positioned for the future. We value the trust and continued
support of our shareholders and other stakeholders and we look
forward to a successful conclusion of the preemptive subscription
period", said the CEO of LATAM, Roberto Alvo.

Of the 605,801,285,307 registered shares, 531,991,409,513 will be
destined to respond to the conversion of the convertible bonds and
the remaining 73,809,875,794 shares will be offered preferentially
to the shareholders. The unplaced balance, among shareholders
and/or third parties, will be offered under the terms approved at
the Extraordinary Shareholders' Meeting. With these instruments,
alongside its exit financing, the group expects to raise
approximately US $8 billion.

The placement price of the aforementioned 73,809,875,794 new
paid-in shares was set at US $0.01083865799. The subscription value
of the convertible bonds will be US $1 per bond.

In addition, the statutory 30-day pre-emptive option period for the
new payment shares and convertible bonds will run from September
13, 2022 to October 12, 2022.

                   About LATAM Airlines Group

LATAM Airlines Group S.A. -- http://www.latam.com/-- is a
pan-Latin American airline holding company involved in the
transportation of passengers and cargo and operates as one unified
business enterprise. It is the largest passenger airline in South
America.

Before the onset of the COVID-19 pandemic, LATAM offered passenger
transport services to 145 different destinations in 26 countries,
including domestic flights in Argentina, Brazil, Chile, Colombia,
Ecuador and Peru, and international services within Latin America
as well as to Europe, the United States, the Caribbean, Oceania,
Asia and Africa.

LATAM and its 28 affiliates sought Chapter 11 protection (Bankr.
S.D.N.Y. Lead Case No. 20-11254) on May 25, 2020.  Affiliates in
Chile, Peru, Colombia, Ecuador and the United States are part of
the Chapter 11 filing.

The Debtors disclosed $21,087,806,000 in total assets and
$17,958,629,000 in total liabilities as of Dec. 31, 2019.

The Hon. James L. Garrity, Jr., is the case judge.

The Debtors tapped Cleary Gottlieb Steen & Hamilton LLP as
bankruptcy counsel, FTI Consulting as restructuring advisor, Lee
Brock Camargo Advogados as local Brazilian litigation counsel, and
Togut, Segal & Segal LLP and Claro & Cia in Chile as special
counsel. The Boston Consulting Group, Inc. and The Boston
Consulting Group UK LLP serve as the Debtors' strategic advisors.
Prime Clerk LLC is the claims agent.

The official committee of unsecured creditors formed in the case
tapped Dechert LLP as its bankruptcy counsel, Klestadt Winters
Jureller Southard & Stevens, LLP as conflicts counsel, UBS
Securities LLC as investment banker, and Conway MacKenzie, LLC as
financial advisor. Ferro Castro Neves Daltro & Gomide Advogados is
the committee's Brazilian counsel.

The Ad Hoc Group of LATAM Bondholders tapped White & Case LLP as
counsel.

Glenn Agre Bergman & Fuentes, LLP, led by managing partner Andrew
Glenn and partner Shai Schmidt, has been retained as counsel to the
Ad Hoc Committee of Shareholders.




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G R E N A D A
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GRENADA: Spending Millions to Continue Stimulus Package for MSMEs
-----------------------------------------------------------------
RJR News reports that the Grenada government says it intends to
spend more than EC$20 million in grants and loans to individuals
and owners and operators of micro, small and medium businesses in
the third phase of the COVID-19 Economic Stimulus Support Package.

Andy Williams, Mobilization, Implementation, and Transformation
Minister, who made the announcement, said the third phase of the
support is being reformatted to give those who will benefit a hand
up instead of a hand-out, according to RJR News.

The COVID-19 stimulus support began in 2020 during the previous
administration, the report notes.




===============
P A R A G U A Y
===============

PARAGUAY: Investment Forum Highlights Investment Opportunities
--------------------------------------------------------------
Paraguay is well placed to take advantage of the reconfiguration of
global and regional value chains and attract more foreign direct
investment, setting the stage for more job creation and sustainable
growth.

This was the main takeaway underscored by authorities, private
sector leaders and local experts during the inaugural session of
the Invest in Paraguay forum, organized by the Ministry of Industry
and Commerce of Paraguay, through its Investment and Export Network
(REDIEX, according to its Spanish acronym), and the Inter-American
Development Bank.

"Paraguay stands out for its economic stability and favorable
business environment, including abundant renewable energy, a
talented workforce, proximity to the main markets of South America,
and attractive investment incentive laws," said IDB President
Mauricio Claver-Carone. "This presents a unique opportunity for
Paraguay to take advantage of the reconfiguration of global value
chains."

The President of Paraguay, Mario Abdo Benítez, also took part in
the inauguration at the Conmebol Convention Center in Asuncion,
with more than 700 investors, business leaders and officials in
attendance.

Invest in Paraguay is aligned with the IDB's Vision 2025 strategy,
which provides a roadmap for the sustainable economic recovery of
Latin America and the Caribbean that strengthens social inclusion,
productivity, innovation, climate action and regional integration.

According to IDB studies, Paraguay can take advantage of
opportunities that arise as firms seek nearshoring opportunities to
shorten and strengthen their supply chains in sectors such as
forestry, textiles, food and agriculture, pharmaceuticals, auto
parts and knowledge-based digital services.

Paraguay is one of the most open and dynamic economies of Latin
America and the Caribbean, with a stable macroeconomic environment
and competitive labor costs. In 2021, the Paraguayan economy grew
at a 4.2% clip while its exports rose 27% compared with 2020. IDB
estimates the country could increase its exports by $250 million
per year by taking advantage of the short term nearshoring
opportunities.

To make these opportunities a reality, the IDB recommends the
country strengthen its international promotion efforts, simplify
import and export processes, support small and mid-sized firms in
their efforts to expand to international markets, and focus more on
helping private sector reach its potential outside of the capital.

Many factors are contributing the reconfiguration of global value
chains. Multinational firms are rethinking their supply chains to
make them more resistant to geopolitical tensions, natural
disasters and sanitary crises, as well as lower their environmental
impact.

                  2022 Paraguay Investment Forum

On the first day panels focused on sector opportunities, including
renewable energy, digital transformation, food security and
agribusiness, infrastructure and financial markets.

The second day linked investors from 19 countries with local
entrepreneurs, business leaders and government officials through a
series of private matchmaking sessions.




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P E R U
=======

PERU: Launches Economic Package Amid Worries of Slowing Growth
--------------------------------------------------------------
globalinsolvency.com, citing Reuters, reports that Peru's finance
ministry on Sept. 8 unveiled an economic package it says can help
lift the economy at times of a global slowdown and falling copper
prices, which are key to the country's economy.

Finance Minister Kurt Burneo said the measures could boost gross
domestic product growth by 0.6% this year and by 0.8% in 2023,
according to globalinsolvency.com.

The announcement comes just weeks after Peru's finance ministry
announced economic growth projections that exceeded analysts
consensus, the report notes.  

The ministry expects GDP growth of 3.3% this year, while analysts
polled by Refinitiv forecasts 2.6%, the report relays.

The cost of the incentive package, much of which still needs to be
approved by Congress, totals 3 billion soles, Burneo said, the
report discloses.  The package includes incentives for private
investors, including in mining exploration, as well as heavier
public spending, the report says.

Peru is the world's No. 2 copper producer and falling prices of the
red metal are hitting tax coffers after record revenue in 2021, the
report notes.

Peruvian President Pedro Castillo came to office last year with a
far-left platform that spooked investors and sent the country's sol
currency to record lows, the report adds.




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

STONEMOR INC: Inks $45 Million Secured Revolving Credit Facility
----------------------------------------------------------------
StoneMor Inc., the guarantors, and Signature Bank, as Agent and
sole initial lender, entered into a Loan and Security Agreement on
Aug. 26, 2022, providing for a senior secured revolving line of
credit facility that initially will be $45 million and, if
additional commitments are received, may be increased to up to $60
million.

Revolving Credit Facility

The Loan Agreement provides for a revolving credit facility of up
to the total commitments, which initially are $45 million and may
be increased by an additional $15 million upon receipt of such
additional commitments.  The Loan Agreement includes a letter of
credit subfacility of up to $20 million.  Loans under the Loan
Agreement are subject to a borrowing base equal to the excess of
(a) the sum of (i) unrestricted cash held in deposit accounts
controlled by the Agent plus (ii) 40% of the book value of Eligible
Unsold Burial Lots over (b) reserves established by the Agent in
its reasonable discretion, including with respect to other products
or services extended by any Lender to the Company.  Loans may be
prepaid at any time without penalty or premium (other than
customary SOFR breakage indemnity provisions with respect to
prepayment of Benchmark Rate Loans), and all Loans will be due and
payable on August 26, 2027 unless payment is required sooner under
the Loan Agreement.  The proceeds of any Loans will be used from
time to time to pay the fees and expenses of closing under the Loan
Agreement and for working capital, acquisitions and other general
corporate purposes.

Interest

The Company has the option of treating Loans as Base Rate Loans or
Benchmark Rate Loans, and converting Base Rate Loans to Benchmark
Rate Loans.  Base Rate Loans will bear interest at a per annum rate
equal to the sum of (a) the greatest of (i) the prime rate as
published in The Wall Street Journal, (ii) the Federal Funds Rate
plus 0.50% or (iii) the Benchmark Interest Rate for a one-month
interest period plus 1.0%, provided that the rate calculated under
this clause (a) shall not be less than 2.0%, plus (b) 2.0%.
Benchmark Rate Loans will bear interest at a per annum rate based
on the interest period selected by the Company (which shall be one,
three or six months) equal to the sum of (a) the Term SOFR Screen
Rate with a term equivalent to the applicable interest period plus
the SOFR Adjustment (which will be 0.1%, 0.15% and 0.25% for
one-,three- and six-month interest periods, respectively), provided
that the rate calculated under this clause (a) shall not be less
than 1.0%, plus (b) 2.63%.  Interest shall be payable (a) for each
Benchmark Rate Loan, on the last day of the applicable interest
period and, if such interest period is more than three months, each
three-month anniversary of the beginning of the interest period and
(b) for all other Loans, on the first day of each calendar quarter.
The Benchmark Rate as of Aug. 6, 2022 was 3.87%.

Guarantees and Collateral

The Company's obligations under the Loan Agreement are jointly and
severally guaranteed by each of the Company's existing and future
direct and indirect domestic subsidiaries, with certain exceptions.
The Company's obligations under the Loan Agreement and the
Guarantors' obligations under the Guarantees are secured by a lien
on and security interest in (subject to permitted liens and
security interests) substantially all of the Company's and the
Guarantors' existing and future property and assets, excluding
certain assets which include, among others: (a) trust and other
fiduciary accounts and amounts required to be deposited or held
therein, (b) assets that may not be pledged as a matter of law or
without governmental approvals and (c) owned and leased real
property that (i) may not be pledged as a matter of law or without
the prior approval of any governmental authority or third person,
(ii) is not operated or intended to be operated as a cemetery,
crematory or funeral home or (iii) has a fair market value of less
than $3.0 million.

The Company's obligations under the Loan Agreement are its senior
secured obligations and the Guarantees are the Guarantors' senior
secured obligations.  The obligations of the Company and each
Guarantor will:

   * rank equal in right of payment with all of the Company and
each Guarantor's existing and future senior indebtedness, including
the Company's 8.500% Senior Secured Notes due 2029 issued pursuant
to an indenture, dated as of May 11, 2021, by and among the
Company, the guarantors named therein and Wilmington Trust,
National Association, as trustee and collateral agent;

   * rank senior in right of payment to all of the Company's and
each Guarantor's existing and future subordinated indebtedness;

   * be effectively senior to all of the Company's and each
Guarantor's unsecured senior indebtedness to the extent of the
value of the collateral securing the obligations under the Loan
Agreement and the Guarantees;

   * be contractually senior to the Company's and each Guarantor's
obligations under the Notes and the guarantees thereof to the
extent of the value of the collateral securing the obligations
under the Loan Agreement and the Guarantees, subject to the terms
of an intercreditor agreement; and

   * be structurally subordinated to all indebtedness and other
obligations of the Company's existing and future subsidiaries that
do not guarantee the Company's obligations under the Loan
Agreement.

On Aug. 26, 2022, the Company, the Guarantors, Wilmington Trust,
National Association, as trustee and collateral agent under the
Indenture and as Second Priority Collateral Agent, and Signature
Bank, as First Priority Collateral Agent, entered into an
Intercreditor Agreement.  Pursuant to the Intercreditor Agreement:

   * any liens on the collateral securing First Priority
Obligations under the Loan Documents, regardless of how acquired,
are senior and prior to any lien on the collateral securing any
Second Priority Obligations under the Second Priority Documents;

   * any liens on the collateral securing Excess First Priority
Obligations (as defined in the Intercreditor Agreement) under the
Loan Documents, regardless of how acquired, are junior and
subordinate to any lien on the collateral securing any Second
Priority Obligations up to the Second Priority Cap Amount (as
defined in the Intercreditor Agreement) (but only with respect to
such excess amounts); and

   * any liens on the collateral securing Excess First Priority
Obligations, regardless of how acquired, are senior and prior to
any lien on the collateral securing any Excess Second Priority
Obligations (as defined in the Intercreditor Agreement).

Subject to certain exceptions, the Intercreditor Agreement provides
that all of the collateral securing the First Priority Obligations
be the same as all of the collateral securing Second Priority
Obligations and all of the collateral securing the Second Priority
Obligations be the same as all of the collateral securing the First
Priority Obligations.

The Intercreditor Agreement also provides that the payment
obligations under the Loan Agreement and the Notes rank pari passu
with each other.  Notwithstanding the foregoing, so long as the
First Priority Obligations have not been Discharged (as defined in
the Intercreditor Agreement), any Collateral (as defined in the
Intercreditor Agreement) or any proceeds thereof, or sale proceeds
of the Collateral received in connection with any Enforcement
Action (as defined in the Intercreditor Agreement) or other
exercise of remedies by the First Priority Collateral Agent or
First Priority Claimholders, shall be applied:

   * first, by the First Priority Collateral Agent to the First
Priority Obligations that are not Excess First Priority Obligations
in such order as specified in the relevant First Priority Loan
Documents;

   * second, to the payment by the Second Priority Collateral Agent
of the Second Priority Obligations that are not Excess Second
Priority Obligations in such order as specified in the relevant
Second Priority Loan Documents;

   * third, by the First Priority Collateral Agent to the payment
of any Excess First Priority Obligations in such order as specified
in the relevant First Priority Loan Documents;

   * fourth, by the Second Priority Collateral Agent to the payment
of any Excess Second Priority Obligations in such order as
specified in the relevant Second Priority Documents; and

   * fifth, to the applicable Grantor or as otherwise required by
applicable law;

provided that any non-cash Collateral or non-cash proceeds will be
held by the First Priority Collateral Agent as Collateral unless
the failure to apply such amounts would be commercially
unreasonable.

To the extent that any Collateral (or proceeds thereof) comes into
the possession or under the control of the Second Priority
Collateral Agent or any other Second Priority Claimholder at any
time prior to the Discharge of First Priority Obligations, the
Second Priority Collateral Agent is obligated under the
Intercreditor Agreement to promptly turn over such Collateral (and
proceeds thereof, if any) to the First Priority Collateral Agent.

The Intercreditor Agreement further provides that so long as the
First Priority Obligations have not been Discharged and subject to
certain exceptions, the First Priority Agent has the exclusive
right to commence and maintain an Enforcement Action, or otherwise
exercise any rights or remedies with respect to the collateral
securing the obligations under the Loan Agreement and the Notes.

Covenants

The Loan Agreement requires the Company and the Guarantors, as
applicable, to comply with various (a) affirmative covenants
regarding, among other matters, delivery to the Agent and the
Lenders of financial statements and certain other information or
reports filed with the Securities and Exchange Commission, and (b)
negative covenants that, subject to certain exceptions, limit the
Company's and Guarantors's ability to: (i) incur additional
indebtedness; (ii) make capital expenditures in excess of $15
million; (iii) pay dividends, redeem subordinated debt or make
other restricted payments; (iv) make certain investments; (v)
create or incur certain liens; (vi) form, acquire or issue stock of
any Restricted Subsidiaries; (vii) enter into certain transactions
with affiliates; (viii) merge, consolidate or transfer
substantially all of its respective assets; (ix) agree to dividend
or other payment restrictions affecting the Company or any
Restricted Subsidiaries; (x) change the business it conducts or
make certain other fundamental changes; (xi) amend its charter
documents or any documents relating to the Notes; (xii) make
certain loans; (xiii) make payments on indebtedness except in
accordance with the required terms thereof; and (xiv) transfer or
sell assets, including capital stock of a Restricted Subsidiary. In
addition, upon the occurrence of any event of default under the
Loan Agreement or usage of more than 87.5% of the commitments under
the Loan Agreement for a period of at least five consecutive
business days, the Company will be required to maintain a Total Net
Leverage Ratio of not more than 6.50 to 1.0 for each full fiscal
quarter, until during each of the preceding 30 consecutive days,
no
Event of Default has existed and Revolver Usage has been equal to
or less than 87.5% of the Commitments.

Events of Default

The Loan Agreement contains customary events of default the
occurrence of which could, subject to certain conditions, cause the
obligations under the Loan Agreement to become immediately due and
payable, including, but not limited to, defaults by the Company (i)
in the payment of the principal of any the Loans when the same
becomes due and payable upon acceleration, demand or otherwise or
(ii) in the payment of interest on any Loan when the same becomes
due and payable and the default continues for a period of 3
business days; failure to comply with certain covenants in the Loan
Documents, subject, with respect to certain covenants, to a cure
period following notice by the Agent; any breach of an agreement
relating to the Notes or any other debt agreement relating to
indebtedness in excess of $20 million if the maturity of or any
payment with respect to such indebtedness could be accelerated or
demanded as a result of such breach; any loss, theft, damage or
destruction of collateral securing the Loans in an amount not
covered by insurance that exceeds $20 million; any judgment for the
payment of money is entered in an amount that exceeds $20 million
or more (excluding amounts covered by insurance) which judgments
are not stayed or covered by insurance; and certain events of
bankruptcy or insolvency.

                         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 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.




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V E N E Z U E L A
=================

[*] VENEZUELA: Has Greatest Loss of Forest in the Amazon Region
---------------------------------------------------------------
Rocco Caldero at Rio Times Online reports that the non-governmental
organization Clima21 warned that Venezuela is "the country with the
greatest loss of natural forests in the entire region" among the
Amazon countries - ahead of Colombia and Bolivia, which are the
closest in this indicator.

"In the period 2016-2021, Venezuela has experienced the highest
rate of increase in the disappearance of this type of vegetation,
especially in natural forests," the NGO said in its report,
according to Rio Times Online.

As reported in the Troubled Company Reporter-Latin America in
September 2021, S&P Global Ratings withdrew its 'SD/D' foreign
currency sovereign credit ratings and 'CCC-/C' local currency
ratings on Venezuela due to lack of sufficient information. At the
same time, S&P withdrew its 'D' issue rating on 15 bonds.



                           *********


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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