After doing a little reading today it appears that Abengoa has not yet filed bankruptcy. The Spanish legal system has a provision called "insolvency protection" which is a precursor to filing bankruptcy. They have 120 days to develop a plan and come up with financing. So, we shall see what develops. The following link to a Washington Times article gives a synopsis of the Obama administration's venture into green energy with Abengoa being equated to Solyndra. The Reuters link is of a more technical nature re the cross party liability ramifications of an Abengoa bk. I think it will take a miracle for them to pull it out but hey-it's the Christmas season now. http://www.reuters.com/article/2015/11/27/abengoa-bonds-idUSL8N13L47Y20151127#fwAJRZvaCg6t5Gjm.97 http://www.washingtontimes.com/news/2015/nov/25/abengoa-obama-green-energy-project-on-verge-of-ban/ |