Frankfurt am Main, March 17, 2016 -- Construction giant Abengoa S.A. (Abengoa) could be one of Spain's biggest ever corporate failures if efforts to restructure its debt and avoid bankruptcy by the March 28 deadline prove unsuccessful. The company's plan to restructure its EUR9.3 billion financial debt, presented on March 16, 2016, includes a swap of 70% of its debt into equity -- a default event under Moody's definitions.

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