Abengoa Lacks Cash to Pay Wages, Moody’s Lowers Sears Outlook While Upgrading JC Penney

Reuters: Indebted Abengoa tells Spanish staff it lacks cash for wages

Moody’s: Constellation Enterprises’ transaction a limited default; Caa3 CFR affirmed

Bloomberg: Paul Singer Cuts Deal With Argentina After Ugly, 15-Year Dispute

Wall Street Journal: Bankruptcy Judge Stays Bondholder Litigation Against Caesars

Bloomberg: Sears CEO All Talk, No Action

Moody’s: Revises Sears’ rating outlook to negative, affirms Caa1 CFR and SGL-2 liquidity rating

Moody’s: Upgrades JC Penney’s CFR to B3, outlook remains positive

Detroit News: Snyder confirms former bankruptcy judge Rhodes is the new DPS manager

Forbes/Debtwire: Not Your Grandfather’s Municipal Market: Investors Eye Recovery Value

TechCrunch: Zenefits Is Laying Off Roughly 250 Employees (17% of Workforce)

Chicago Tribune: Chicago State University sends layoff notices to all 900 employees

Bracewell LLP: A Major Leap Forward for Australian Insolvency Laws

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