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December 26, 2007 |
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* LATIN AMERICA: Moody's Says Exposure to US Slowdown Manageable Moody's Investors Service reported that most of the Latin American companies it rated have manageable exposures to the US market and hence to a US economic slowdown. Moody's estimates that the direct exposure to the US economy is low for four- fifths... Read More |
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ALDEAVISION SOLUTIONS: Files Plan of Arrangement Under CCAA AldeaVision Solutions Inc. said that after careful consideration of available alternatives, the board of directors of the company, which has been hampered by market, operational and financial challenges, has determined that it is in the best interests... Read More |
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BANCO AGRICOLA: Fitch Changes Rating Outlook to Positive Fitch Ratings has upgraded El Salvador-based Banco Agricola's support rating to '3' from '5', given the likelihood of support of its parent, Bancolombia. At the same time, its Support rating floor was Withdrawn, while other ratings were affirmed, and... Read More |
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BASIS YIELD: Hearing on Summary Judgment Motion Set for Jan. 15 Representing the Joint Provisional Liquidators, Karen B. Dine, Esq., at Pillsbury Winthrop Shaw Pittman LLP, in New York, notified the U.S. Bankruptcy Court for the Southern District of New York that, as of Dec. 7, 2007, no answer, objection or other... Read More |
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INTERNATIONAL POWER: Fitch Affirms BB Issuer Default Rating Fitch Ratings has affirmed International Power plc's long-term issuer default rating at 'BB' with stable outlook... Read More |
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MEDIRECT LATINO: Discloses Foreclosure Sale by Secured Lenders MEDirect Latino Inc. announced that its lenders have concluded foreclosure proceedings and have sold the company's assets under the Uniform Commercial Code. Under its Loan Agreement, the Company had pledged all of its assets as collateral. In October... Read More |
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PETROLEOS DE VENEZUELA: Gets 90% Tenders & Consents from Holders Petroleos de Venezuela, S.A. reported that holders of more than 90% of the aggregate principal amount of all outstanding Bonds have tendered their Bonds, and have given their consents to certain amendments that are being proposed in connection with the... Read More |
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PRISM INVESTMENTS: Proofs of Claim Filing Ends on Dec. 26 Prism Investments Ltd.'s creditors are given until today to prove their claims to Avalon Management Limited, the company's liquidator, or be excluded from receiving any distribution or payment... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Latin America. To receive the Full TCR-LA please CLICK HERE.
